Canaccord Genuity has lowered its price target for Lyft Inc. (NASDAQ:LYFT) from $16 to $15, while keeping a Hold rating on the stock, which is currently priced at $14.35. This adjustment comes amid concerns regarding the disruptive impact of the robotaxi transition on Lyft's business model. The firm estimates that Lyft's adjusted earnings per share (EPS) for 2028 will be $1.65, down from a previous estimate of $1.95. In comparison, similar companies are trading at around 17 times their 2028 earnings, indicating a significant discount for Lyft. Despite a 41% decline in stock value over the past six months, Lyft reported a revenue of $1.7 billion for the first quarter of 2026, surpassing analyst expectations of $1.64 billion. However, its EPS fell short at $0.04, compared to the anticipated $0.06. Analysts from Needham have also reiterated a Hold rating for Lyft, noting that the company's bookings exceeded expectations despite challenges from weather and competition, particularly from Uber. This reflects a cautiously optimistic outlook for Lyft's future performance.