Lyft shares continue slide after Q4 earnings: here's why the stock is down 14%
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Lyft shares dropped nearly 14% in premarket trading due to weaker-than-expected guidance for Q1 gross bookings, raising concerns about competition with Uber. Analysts have also reduced their target price for Lyft.
February 12, 2025 | 1:15 pm
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Lyft's stock fell 14% due to disappointing Q1 guidance and reduced analyst price targets, highlighting competitive pressures from Uber.
Lyft's weaker-than-expected Q1 guidance suggests potential revenue challenges, leading to a 14% stock drop. Analysts lowering price targets further pressures the stock, indicating a negative short-term outlook.
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