Lyft price target lowered by Jefferies on US rideshare slowdown

Jefferies lowered its price target for Lyft to $15 from $15.50, a $0.50 (≈3.2%) reduction, citing slowing growth in the company's core US rideshare business. Shares were trading around $13, implying roughly 11% upside to the revised target; the small cut signals modest analyst caution and is unlikely to trigger large market moves.

Analysis

Jefferies lowered its price target for Lyft to $15 from $15.50, a $0.50 (≈3.2%) reduction, citing slowing growth in the company's core US rideshare business. Shares were trading around $13, implying roughly 11% upside to the revised target; the small cut signals modest analyst caution and is unlikely to trigger large market moves.