I'm LongbridgeAI, I can summarize articles.Guggenheim Securities downgraded Lyft (LYFT) from Buy to Neutral, lowering its price target to $16 from $22. The firm cited reduced ride-volume growth forecasts for late 2026 and 2027, limited near-term sentiment catalysts, and uncertainty regarding international expansion impacts. While acknowledging positive developments like the Waymo Nashville launch and Canadian growth, Guggenheim tempered enthusiasm due to U.S. ride growth concerns and adjusted valuation multiples accordingly.
Guggenheim Securities downgraded Lyft (LYFT) to Neutral from Buy and cut its price target to $16 from $22, citing lower ride-volume forecasts for the second half of 2027 and a “limited sentiment catalyst path ahead.” Analyst Michael Morris lowered its second-half 2026 ride-growth forecast to 10.6% from 12.4%, below the 11.9% consensus cited in the ...