Based on ratings from 0 stock analysts, the Lyft Inc stock price is expected to increase by 1.12% in 12 months. This is calculated by using the average 12-month stock price forecast for Lyft Inc. The lowest target is $10 and the highest is $26. Please note analyst price targets are not guaranteed and could be missed completely.
About 0 Wall Street analysts have assigned LYFT 0 buy ratings, 0 hold ratings, and 0 sell ratings. This means that analysts expect Lyft Inc to perform worse than the market. Keep in mind that these ratings are typically refreshed every quarter, underscoring the importance of conducting your own research on LYFT. Don't forget to include both technical and fundamental analysis, as well as staying informed on news that could influence these ratings, in your due diligence.
These are the latest 20 analyst ratings of LYFT.
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
---|---|---|---|---|
Ross Sandler Barclays | Equal-Weight | $20 | Maintains | Nov 8, 2024 |
Michael McGovern B of A Securities | Buy | $19 | Maintains | Nov 7, 2024 |
Deepak Mathivanan Cantor Fitzgerald | Neutral | $16 | Maintains | Nov 7, 2024 |
Michael Ward Benchmark | Hold | Reiterates | Nov 7, 2024 | |
Michael Graham Canaccord Genuity | Buy | $22 | Maintains | Nov 7, 2024 |
Brian Nowak Morgan Stanley | Equal-Weight | $18 | Maintains | Nov 7, 2024 |
Youssef Squali Truist Securities | Hold | $20 | Maintains | Nov 7, 2024 |
Rohit Kulkarni Roth MKM | Neutral | $16 | Maintains | Nov 7, 2024 |
Tom White DA Davidson | Neutral | $16 | Maintains | Nov 7, 2024 |
Thomas Champion Piper Sandler | Overweight | $23 | Reiterates | Nov 7, 2024 |
Brian Pitz BMO Capital | Market Perform | $18 | Maintains | Nov 7, 2024 |
John Blackledge TD Cowen | Hold | $18 | Maintains | Nov 7, 2024 |
Lloyd Walmsley UBS | Neutral | $18 | Maintains | Nov 7, 2024 |
Bernie McTernan Needham | Hold | Reiterates | Nov 7, 2024 | |
Mark Mahaney Evercore ISI Group | In-Line | $19 | Maintains | Nov 7, 2024 |
Michael Ward Benchmark | Hold | Initiates | Oct 25, 2024 | |
John Colantuoni Jefferies | Hold | $13 | Maintains | Oct 22, 2024 |
Lloyd Walmsley UBS | Neutral | $13 | Maintains | Oct 18, 2024 |
Deepak Mathivanan Cantor Fitzgerald | Neutral | $13 | Reiterates | Oct 7, 2024 |
Deepak Mathivanan Cantor Fitzgerald | Neutral | $13 | Reiterates | Sep 30, 2024 |
When did it IPO
2019
Staff Count
2,945
Country
United States
Sector/Industry
Technology/Software - Application
CEO
Mr. John David Risher
Market Cap
$7.38B
In 2023, LYFT generated $4.40B in revenue, which was a increase of 7.53% from the previous year. This can be seen as a signal that LYFT's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Summary - LYFT reported a 16% year-over-year increase in gross bookings for Q3 2024.
Why It Matters - LYFT's 16% growth in gross bookings signals strong demand and potential revenue increases, which could boost investor confidence and impact stock performance positively.
Summary - Lyft reported better-than-expected September-quarter sales and forecasts higher current-quarter gross bookings, signaling strong demand for ride-hailing services as office returns increase.
Why It Matters - Lyft's strong forecast and sales beat signal robust demand in the ride-hailing sector, suggesting potential revenue growth and positive market sentiment, which can boost investor confidence.
Summary - Lyft announced a partnership with Mobileye and two other firms to integrate self-driving cars into its ride-hailing platform and enhance research and development in the robotaxi sector.
Why It Matters - Lyft's partnership with Mobileye and others in the robotaxi sector signals a strategic shift towards autonomous vehicles, potentially enhancing market competitiveness and future profitability.
Summary - Lyft CEO David Risher reported stronger-than-expected Q4 earnings and outlook, highlighting pricing strategies, consumer strength, and autonomous partnerships.
Why It Matters - Lyft's stronger-than-expected outlook and strategies indicate potential growth, improving investor confidence and impacting stock performance positively.
Summary - CNBC's Deirdre Bosa discussed Lyft's earnings on 'Closing Bell Overtime,' highlighting key financial results and insights relevant to investors.
Why It Matters - Lyft's earnings report can influence investor sentiment, stock valuation, and market trends in the ride-sharing sector, impacting broader transportation and tech investments.
Summary - Lyft (LYFT) has partnered with autonomous driving software companies to introduce "robotaxis" to its rideshare platform, joining competitor Uber (UBER) in this initiative.
Why It Matters - Lyft's partnerships for autonomous driving enhance its competitive position against Uber, potentially increasing market share and profitability in the evolving rideshare industry.