Wall Street Sours on Lyft, Price Target Cut
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Truist cut its price target on Lyft (LYFT) to $15 from $18, citing winter storm disruptions, Freenow acquisition integration impacts, and rising fuel costs pressuring take rate and margins despite solid operational momentum.
Lyft’s stock has already fallen 31% year-to-date, leaving little upside in Truist’s bear case, while the broader analyst consens
Truist cut its price target on Lyft (LYFT) to $15 from $18, citing winter storm disruptions, Freenow acquisition integration impacts, and rising fuel costs pressuring take rate and margins despite solid operational momentum.
Lyft’s stock has already fallen 31% year-to-date, leaving little upside in Truist’s bear case, while the broader analyst consens
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