Lyft price target lowered to $15 from $16 at Cantor Fitzgerald

Cantor Fitzgerald lowered the firm’s price target on Lyft (LYFT) to $15 from $16 and keeps a Neutral rating on the shares as part of a broader note on Internet Stocks. The fundamental backdrop for Internet Stocks remains healthy entering 2025, despite emerging risks like tariffs, and the pace of innovation in areas such as AI, AVs, robotics, and quantum computing is accelerating, the analyst tells investors in a research note. The firm expects digital ads, e-commerce, and mobility, to deliver strong growth and margin expansion in 2025.