Lyft slides; Wedbush cuts to 'underperform'

Lyft

19/12/2025 12:55

** Ride-hailing firm Lyft's LYFT.O shares fall 3.6% to $19.15 premarket

** Wedbush downgrades stock to "underperform" from "neutral"

** "Lyft is most at risk to the impact of (autonomous vehicle) disruption given the company’s exposure to the U.S. ridesharing market and undiversified offering mix" - brokerage

** Avg rating of 49 analysts is "hold;" their median PT is $24.03 - data compiled by LSEG

** Up to last close, stock has risen ~54% this year

 (Reporting by Anhata Rooprai in Bengaluru)

 ((Anhata.Rooprai@thomsonreuters.com))