4:39 PM · 26 September 2022

Lyft stock plunges after UBS downgrade

Lyft
Stocks
LYFT.US, Lyft Inc - class A
-
-

Lyft (LYFT.US) stock fell over 3.0% on Monday after UBS downgraded the ride-hailing company to neutral from buy as its driver survey pointed that drivers prefer its biggest competitor Uber. 

UBS analysts are concerned whether Lyft will be able to match the revenue growth of its competition in an environment of slowing economic growth and a weaker active-rider environment.

According to FactSet, from 40 analysts who cover the company, 58% (23) are bullish, one is bearish and 40% are neutral. In comparison, from 45 analysts which cover UBER, 91% (41) are bullish, while the other four are neutral.

Lyft (LYFT.US) stock price plunged over 36.0% from August 2022 high and today broke below major support at $14.10 which is marked with previous price reactions. If current sentiment prevails, sellers may focus on the next support at $12.00 where the lower limit of the descending channel and  July lows are located. Source: xStation5

24 October 2025, 6:00 PM

Daily Summary: CPI down, Markets Up

24 October 2025, 5:13 PM

Procter & Gamble: After Earnings

24 October 2025, 4:36 PM

"Mad Max" mode - Is Tesla in trouble?

24 October 2025, 4:14 PM

Intel’s turnaround is showing results

Join over 1 700 000 XTB Group Clients from around the world

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits