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Lyft (LYFT) Valuation Check After Analyst Downgrades on Robotaxi and Autonomous Vehicle Competition Concerns
Lyft (LYFT) is back under pressure after Wedbush and several peers cut their ratings, highlighting the rise of autonomous vehicles and robotaxis as a direct challenge to its ride hailing focused business.
See our latest analysis for Lyft.
Even with the latest downgrade, Lyft’s $19.95 share price still reflects a strong year to date. A 46.15 percent year to date share price return suggests momentum has cooled recently but not disappeared after a tougher 90 day stretch.
If this reassessment of...