Canaccord analyst George Gianarikas lowered the firm’s price target on Lyft (LYFT) to $11 from $14 and keeps a Hold rating on the shares. The firm said results were mixed relative to consensus expectations. Annual revenue growth has decelerated for the 4th consecutive quarter and gross bookings for the 5th.
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Read More on LYFT:
- Lyft price target lowered to $17 from $20 at Oppenheimer
- Roth Capital upgrades Lyft to Buy on accelerating growth
- Lyft upgraded to Buy from Neutral at Roth Capital
- Lyft’s Market Position: Balancing Growth and Uncertainty Amidst AV Challenges
- Lyft’s Hold Rating: Balancing Strong Execution with Competitive Challenges and Strategic Partnerships