Cantor Fitzgerald has lowered its price target on Lyft (NASDAQ:LYFT) to $14.00, down from $21.00, and maintained a Neutral rating in the wake of the company’s fourth-quarter financial results. The new target sits near Lyft’s recent trading level of $14.26, although InvestingPro data indicates the stock is trading under its calculated Fair Value, implying there may be upside relative to that benchmark.
According to Cantor Fitzgerald analyst Deepak Mathivanan, Lyft’s Q4 gross bookings came in line with prior Street estimates, while adjusted EBITDA exceeded expectations by approximately 5%. The company reported full-year revenue of $6.32 billion, representing 9.16% growth year over year, and remained profitable over the trailing twelve months.
Looking toward the first quarter, Lyft provided bookings guidance calling for 17% to 20% year-over-year growth, a range that brackets prior Street forecasts. However, the company’s Q1 EBITDA outlook was weaker than analysts expected, coming in about 7% lower at the mid-point versus consensus.
Lyft noted that rides growth decelerated to roughly 11% in the fourth quarter, a roughly 3 percentage-point slowdown from prior pace. Management attributed part of the deceleration to a strategic emphasis on premium ride offerings amid heightened competition in segments with lower average order values, after a period of strong growth through much of 2025.
For fiscal year 2026, Lyft reiterated expectations for accelerating gross bookings both in North America and internationally, citing product development and partnership initiatives as the principal drivers. The company also restated its longer-term goal of reaching a 4% EBITDA margin in fiscal year 2027.
Other research firms also updated their views after Lyft’s Q4 results. Evercore ISI reported gross bookings of $5.1 billion for the quarter, a 19% year-over-year increase, and noted normalized revenue rose 14% to $1.76 billion after adjustments; Evercore subsequently cut its price target to $21. TD Cowen lowered its target to $30, acknowledging solid gross bookings and EBITDA but flagging that rides growth of 11% underperformed its 17% estimate.
DA Davidson trimmed its price target to $19, citing the mixed Q4 results and the cautious first-quarter guidance. Truist Securities moved its target down to $18 while maintaining a Hold rating, pointing to improvements in user experience and partnerships but tempered expectations overall. Canaccord Genuity reduced its target to $16, highlighting concerns about the potential impact of the robotaxi market on traditional ride-hailing economics.
These analyst moves reflect a range of perspectives on Lyft’s current performance and medium-term prospects - some firms focused on recent booking and EBITDA strength, while others emphasized slower rides growth and conservative near-term margins guidance.