Lyft Gross Bookings Jump 19% to $5.1B as Analysts Cut Targets to $15–$19
Lyft’s Q4 gross bookings rose 19% to $5.1 billion and revenue increased 3% to $1.6 billion (or $1.8 billion excluding a $168 million reserve), driving full-year revenue to $6.3 billion (+9%) and bookings to $18.5 billion (+15%). Analysts held Neutral ratings while cutting price targets to $15–$19, citing near-term headwinds and AV risks.
1. Analyst Ratings and Price Targets
JPMorgan reaffirmed a Hold rating with a $19 price target, while Susquehanna cut its target to $15 from $24 and Mizuho trimmed its to $16 from $27, all maintaining Neutral stances. The firms warned of near-term performance pressure and noted that autonomous vehicle developments could undercut Lyft’s growth case.
2. Q4 and Full-Year 2025 Financial Results
Lyft reported fiscal Q4 gross bookings of $5.1 billion, up 19% year-over-year, and revenue of $1.6 billion, up 3%, with revenue excluding a $168 million legal reserve impact reaching $1.8 billion. Full-year 2025 revenue climbed 9% to $6.3 billion, and gross bookings rose 15% to $18.5 billion.
3. Risks and Strategic Outlook
Analysts highlight that California-driven acceleration delays and intensifying autonomous vehicle competition pose risks to Lyft’s near-term momentum. With price targets cut across the board, the risk/reward balance hinges on Lyft’s ability to sustain booking growth and navigate regulatory or competitive headwinds.