Wedbush downgraded Lyft Inc (LYFT) to Underperform from Neutral on December 18, 2025. The current share price stands at $20.21.
This downgrade reflects increased caution regarding Lyft's outlook, potentially driven by competitive pressures and execution risks. Lyft, headquartered in San Francisco, operates a rideshare platform across 11 countries and nearly 1,000 cities, with a workforce of 2,934 employees. The company went public on March 29, 2019, and currently has a market capitalization of $7.6 billion, a P/E ratio of 50.67, and an EPS of 0.36.
Upcoming earnings reports are scheduled for August 4, 2026, with an estimated EPS of $0.14 and revenue of $1.9 billion, and May 6, 2026, with an estimated EPS of $0.07 and revenue of $1.7 billion. Analyst consensus indicates 6 Strong Buy, 14 Buy, 34 Hold, and 1 Sell ratings, with a consensus rating of Hold as of December 1, 2025.
Such decisions reflect the evolving landscape in the rideshare industry, where analyst ratings can shift based on new information and changing market conditions. Investors should consider a variety of factors, including company fundamentals and market dynamics, when making decisions.