** Ride hailing platform Lyft's LYFT.O shares fall 12% to $12.68 in premarket trading
** Brokerages J.P. Morgan, RBC and TD Cowen cut PT to $16, $21 and $16 respectively
** RBC sees Uber's aggressive pricing weighing on Lyft's Q1 bookings and its less diversified model making it more vulnerable to these types of pricing shocks
** JPM belives that competitive pressures are rising, particularly with Uber gaining an advantage. With pricing pressure and the loss of the Delta Air Lines partnership to Uber, Lyft faces challenges in maintaining mid-teens growth through 2027, despite strong metrics like faster ETAs and high rider frequency, brokerage says
** Lyft expects Q1 gross bookings between $4.05 billion and $4.20 billion, below estimates of $4.26 billion - LSEG
** In 2024, stock fell 14%
(Reporting by Kritika Lamba in Bengaluru)
((Kritika.Lamba@thomsonreuters.com))
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