Morgan Stanley Cuts Lyft Price Target to $17, Cites Slowing U.S. Ride Growth
Morgan Stanley trimmed its price target on Lyft to $17.00 from $22.50 while retaining an Equalweight rating, citing concerns about Lyft's growth momentum in the U.S. rideshare market relative to larger rival Uber. The bank lowered its 2027 Adjusted EBITDA estimate by 12% and pointed to decelerating ride volumes; recent mixed quarterly results and s…