Wells Fargo cuts target for Lyft stock from USD 19.00 to USD 17.00

Published on 10/05/2026 at 15:42 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 revenue reached USD 1.84 billion, up 16.00 percent year over year. Lyft stock costs EUR 13.95 on October 5, 2026 after EUR 13.68, plus 1.97 percent.

LYFT, US55087P1049, Illustration mit AI erstellt.

Lyft (ISIN US55087P1049) was trading at EUR 13.95 at Lang & Schwarz on October 5, 2026 at 3:34 p.m. CEST, up 1.97 percent versus the prior close of EUR 13.68 on October 2, 2026. Wells Fargo cut its Lyft price target from USD 19.00 to USD 17.00 on October 5, 2026, while retaining an Equal Weight rating, according to Investing.com.

Wells Fargo lowers its target

The target reduction is USD 2.00, or 10.53 percent, from the previous USD 19.00 level. Wells Fargo cited rising competitive intensity and the scaling of Waymo deployments in 2027 as risks for Lyft, while its Equal Weight stance remained unchanged.

The firm projected fourth-quarter 2026 adjusted EBITDA of USD 193.00 million to USD 213.00 million, with the midpoint 1.00 percent above consensus, according to Investing.com. That estimate gives investors a concrete test for whether margin expansion can offset the competitive pressure described in the note.

Second-quarter growth stays visible

Lyft reported USD 1.84 billion of revenue in the second quarter of 2026, up 16.00 percent from the same quarter of 2025. Net income reached USD 50.30 million, a 25.00 percent year-over-year increase, according to StockTitan.

The finance statement for the second quarter also shows diluted earnings per share of USD 0.13 and operating margin of 3.00 percent. Cash and cash equivalents stood at USD 1.14 billion on June 30, 2026, while operating cash flow reached USD 349.93 million in the quarter.

Nasdaq quote and November results

Lyft's primary Nasdaq quote was USD 15.79 on October 5, 2026 at 9:41 a.m. ET, up USD 0.33 from USD 15.46. Its 52-week range was USD 12.46 to USD 25.54, placing the live Nasdaq price below the period high while the Lang & Schwarz quote remained the relevant euro reference for German investors.

Lyft reaffirmed its third-quarter 2026 gross bookings, adjusted EBITDA and adjusted EBITDA margin guidance on September 9, 2026, and said it expected to report third-quarter earnings in November 2026, according to the SEC filing. The company also appointed Michael Brous as chief financial officer effective September 28, 2026.

Lyft price rises in trading

Lyft was trading at EUR 13.95 at Lang & Schwarz on October 5, 2026 at 3:34 p.m. CEST, plus 1.97 percent versus the prior close of EUR 13.68 on October 2, 2026. The Nasdaq quote was USD 15.79 at 9:41 a.m. ET on the same date.