Lyft (LYFT) Maintained at Underperform by BofA With $17 PT Following After-Hours Decline

Lyft Inc. (NASDAQ:LYFT) is one of the most undervalued mid cap stocks to buy now. On February 11, Bank of America lowered its price target on Lyft to $17 from $19 with an Underperform rating. This adjustment was made as the firm noted a 16% decline in after-hours trading. The firm attributed the drop to a Q4 2025 rides miss, a lower Q1 EBITDA outlook, and a lack of insurance savings, which collectively highlight a highly competitive environment. Additionally, BofA observed that while Lyft’s autonomous veh ...