Lyft price target lowered to $15 from $16 at Canaccord

Canaccord lowered the firm’s price target on Lyft (LYFT) to $15 from $16 and keeps a Hold rating on the shares. The firm said management’s model demonstrated financial resilience in 1Q26, delivering revenue and EBITDA that outperformed consensus. A weather-driven miss in active users was offset by a 19% year over year increase in bookings. Looking to 2Q26, guidance remains healthy as the company successfully navigates macroeconomic headwinds and fuel price pressure.