Lyft Tumbles on Disappointing Outlook; JPM Lowers Price Target | Global News Avenue

Shares in Lyft (Lyft) On Wednesday, about 14% of the listing deals on Wednesday after the ride-hailing company expected first-quarter bookings, which would reduce the estimates to a price war with rival Uber Technologies (Uber)persist in.

The ride-hailing company said it expects roughly $4.05 billion to $4.2 billion in the most recent pricing environment in the U.S. market. “Analysts’ consensus estimates compared to the analyst consensus estimate before the visible alpha releases $4.23 billion.

Uber also recently reported total booking outlook for the current quarter Mainly below Analysts estimates.

JPM cuts Lyft’s price target to $16

Lyft’s result is a loss of partnership with Delta Air Lines (Dahl) Loom Company this spring.

In a report Wednesday, JPMorgan analysts lowered their price target from $19 to $16, saying it believes Lyft is “faced with a competitive ride-hailing landscape.” Analysts say they expect Lyft’s results to be under “pressure” in the first half of 2025, and the company will have to overcome the loss of the Delta partnership”, which also questioned the ability to increase GBS (total bookings) in the medium term to annually Teenagers in 2027.”

Lyft reported fourth-quarter results on Tuesday with revenue of $1.55 billion, compared with adjusted revenue of $1.55 billion Earnings per share (EPS) 27 cents forecast.

Lyft stock has risen about 10% over the past year to Tuesday.