Lyft Tumbles on Disappointing Outlook; JPM Lowers Price Target
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Lyft's shares dropped by 14% in premarket trading due to a disappointing first-quarter bookings outlook, influenced by a price war with Uber. JPMorgan has lowered its price target for Lyft.
February 12, 2025 | 1:45 pm
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Lyft's shares are down 14% in premarket trading due to a disappointing Q1 bookings outlook, exacerbated by a price war with Uber. JPMorgan has lowered its price target for the company.
Lyft's disappointing Q1 bookings outlook and the ongoing price war with Uber are significant negative factors. The reduction in price target by JPMorgan further pressures the stock, leading to a 14% drop in premarket trading.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100