Barclays analyst Ross Sandler lowered the firm’s price target on Lyft (LYFT) to $19 from $20 and keeps an Equal Weight rating on the shares post the Q4 report. The company lost market share starting very late in Q4 and into Q1 on Uber (UBER) getting aggressive with base pricing, the analyst tells investors in a research note. The firm says this is way Lyft’s mid-teens gross bookings growth is at risk in 2025.
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