Lyft Inc

Lyft Inc Stock Forecast & Price Prediction

Live Lyft Inc Stock (LYFT) Price
$17.78

0

Ratings

  • Buy 0
  • Hold 0
  • Sell 0
Disclaimer : Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance. This information is for educational purposes only and should not be construed as advice to buy or sell any security.

Stock Price

$17.78

P/E Ratio

-20.20

Volume Traded Today

$28.8M

Dividend

Dividends not available for LYFT

52 Week High/low

20.82/8.93

Lyft Inc Market Cap

$7.38B

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LYFT Summary

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.

LYFT Analyst Ratings

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.

LYFT stock forecast by analyst

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

LYFT Company Information

What They Do: Operates a ridesharing marketplace in North America.

Business Model: The company generates revenue primarily through its ridesharing services, connecting drivers with riders through its platform. In addition to rides, Lyft offers car rentals for drivers, and various subscription and commuter programs, catering to both individual and organizational transportation needs.

Other Information: Founded in 2007 and headquartered in San Francisco, Lyft has evolved from its original name, Zimride, to become a leading player in the multimodal transportation space. The company offers additional services such as bike and scooter rentals, enhancing its appeal for short trips and urban mobility.
LYFT
Lyft Inc (LYFT)

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

Lyft Inc (LYFT) Financial Data

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

$2.36B

Revenue From 2021

$3.21B

35.68 %
From Previous Year

Revenue From 2022

$4.10B

27.64 %
From Previous Year

Revenue From 2023

$4.40B

7.53 %
From Previous Year
  • Revenue TTM $5.46B
  • Operating Margin TTM -3.7%
  • Gross profit TTM $1.86B
  • Return on assets TTM -1.5%
  • Return on equity TTM -11.6%
  • Profit Margin -1.2%
  • Book Value Per Share 1.58%
  • Market capitalisation $7.38B
  • Revenue for 2021 $3.21B
  • Revenue for 2022 $4.10B
  • Revenue for 2023 $4.40B
  • EPS this year (TTM) $-0.16

Lyft Inc (LYFT) Latest News

News Image

Fri, 08 Nov 2024

Sentiment - POSITIVE

Source - Zacks Investment Research

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.

News Image

Wed, 06 Nov 2024

Sentiment - POSITIVE

Source - Reuters

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.

News Image

Wed, 06 Nov 2024

Sentiment - POSITIVE

Source - Reuters

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.

News Image

Thu, 07 Nov 2024

Sentiment - POSITIVE

Source - CNBC Television

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.

News Image

Wed, 06 Nov 2024

Sentiment - POSITIVE

Source - CNBC Television

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.

News Image

Wed, 06 Nov 2024

Sentiment - NEUTRAL

Source - Investopedia

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.

...

LYFT Frequently asked questions

The highest forecasted price for LYFT is $26 from at .

The lowest forecasted price for LYFT is $10 from Rob Sanderson from Loop Capital

The LYFT analyst ratings consensus are 0 buy ratings, 0 hold ratings, and 0 sell ratings.