Lyft Inc (NASDAQ:LYFT) shares are plunging on Wednesday after the company posted disappointing fourth‑quarter numbers and several analysts cut their price targets in response.

Lyft stock is among today’s weakest performers. What’s pressuring LYFT stock?

What's Driving the Decline

Lyft reported fourth-quarter bookings growth of 18.6% year-over-year, reaching $5.1 billion, but that result still came in below expectations, according Wedbush analyst Scott Devitt. Total rides grew 11.4%, short of Street estimates of 17.3% and below management's own mid‑to‑high‑teens growth outlook.

Revenue also missed the mark. Lyft generated $1.6 billion, up just 2.7% year-over-year and roughly 9% below estimates, weighed down by a one‑time legal, ...