DA Davidson Cuts Lyft Target to $19, Cites Mixed Q4 Performance and AV Investment Risk
DA Davidson lowered its price target on Lyft to $19 from $22 while retaining a Neutral rating after describing Lyft's fourth-quarter 2025 results and first-quarter 2026 guidance as "mixed." The firm kept its 2026 revenue outlook largely unchanged, trimmed adjusted EBITDA forecasts modestly and flagged elevated autonomous vehicle investment risk as …