Lyft shares slump after Q4 profit misses estimates
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Lyft (LYFT) PT Lowered to $15 at DA Davidson
February 12, 2025 11:25 AM ESTDA Davidson analyst Tom White lowered the price target on Lyft (NASDAQ: LYFT) to $15.00 (from $16.00) while maintaining a Neutral rating.
The analyst comments "We remain NEUTRAL on shares of LYFT following mixed 4Q'24 results that were a bit light on Gross... More
Lyft (LYFT) PT Lowered to $16 at JPMorgan
February 12, 2025 5:34 AM ESTJPMorgan analyst Doug Anmuth lowered the price target on Lyft (NASDAQ: LYFT) to $16.00 (from $19.00) while maintaining a Neutral rating.
The analyst comments "We believe Lyft's execution has improved over the past year w/increased focus on product innovation and service for both drivers and riders. Those initiatives led to 4Q upside in Active Riders (+10% Y/Y) and Adjusted EBITDA ($113M, 2.6% margin). However, we believe Lyft is facing an increasingly competitive rideshare landscape as of late 4Q and into 1Q. In a duopoly... More
Lyft (LYFT) PT Lowered to $15 at Evercore ISI
February 12, 2025 5:27 AM ESTEvercore ISI analyst Mark Mahaney lowered the price target on Lyft (NASDAQ: LYFT) to $15.00 (from $19.00) while maintaining a In Line rating.
The analyst comments "Our View: We maintain our In Line rating and lower our PT to $15 (from $19) in the wake... More
Goldman Sachs Reiterates Neutral Rating on Lyft (LYFT)
February 12, 2025 5:16 AM ESTGoldman Sachs analyst Eric Sheridan reiterated a Neutral rating and $20.00 price target on Lyft (NASDAQ: LYFT)
The analyst comments "In its Q424 earnings report, Lyft (LYFT) framed a few key themes: 1) Gross Bookings (GBs) landed at the low end of the guided range for Q424 and the high-end of the Q125 GB guide was below the Street, with the... More
