Jefferies lowered the firm’s price target on Lyft (LYFT) to $22 from $23 and keeps a Hold rating on the shares. The firm recommends staying selective across Internet stocks, as incremental investments could limit margin expansion and concerns around AI disintermediation could limit multiple appreciation, the analyst tells investors in the firm’s “2026 Internet Playbook” note.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LYFT:
- Alphabet Stock (GOOGL) Falls as Scope of Waymo’s Vehicle Recall Is Revealed
- TSLA, GOOGL: Tesla and Waymo Set for a Major Robotaxi Breakout in 2026, Says Morgan Stanley
- Waymo Surges to 14 Million Rides in 2025, Widening Lead Over Uber and Tesla
- Stellantis Stock (STLA) Slides Despite Charging into Europe With Bolt Self-Driving Deal
- Lyft price target raised to $26 from $20 at Wells Fargo