Lyft (NASDAQ:LYFT) Given New $17.00 Price Target at Cantor Fitzgerald

Key Points

• Cantor Fitzgerald raised Lyft’s price target to $17 from $14 while maintaining a “neutral” rating, implying roughly 4.3% upside from the prior close.
• Analyst sentiment remains cautious: Lyft has a consensus “Hold” rating and an average price target of $19.53, despite some firms maintaining or initiating “Buy” and “Outperform” ratings.
• Lyft’s quarterly revenue beat expectations and rose 16.1% year over year, but EPS missed estimates by one cent. Record bookings and riders were offset by promotional spending, margin pressure and expectations for slower third-quarter growth.

Lyft (NASDAQ:LYFT - Get Free Report) had its price target raised by Cantor Fitzgerald from $14.00 to $17.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has a "neutral" rating on the ride-sharing company's stock. Cantor Fitzgerald's price objective points to a potential upside of 4.29% from the stock's previous close.

Other equities research analysts have also issued research reports about the stock. Guggenheim reiterated a "buy" rating on shares of Lyft in a report on Wednesday, June 10th. DA Davidson dropped their target price on shares of Lyft from $19.00 to $14.50 and set a "neutral" rating on the stock in a report on Monday, May 18th. Truist Financial boosted their price objective on shares of Lyft from $15.00 to $16.00 and gave the stock a "hold" rating in a research note on Friday, May 8th. Oppenheimer started coverage on Lyft in a research note on Wednesday, June 17th. They set an "outperform" rating for the company. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Lyft from $17.00 to $18.00 and gave the stock a "neutral" rating in a research report on Friday, May 8th. Thirteen investment analysts have rated the stock with a Buy rating, twenty-two have given a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, Lyft presently has a consensus rating of "Hold" and an average price target of $19.53.

Lyft Price Performance

Shares of NASDAQ:LYFT opened at $16.30 on Friday. The firm has a market cap of $6.19 billion, a price-to-earnings ratio of 2.38, a P/E/G ratio of 0.98 and a beta of 1.80. The firm has a fifty day moving average price of $14.88 and a 200 day moving average price of $14.53. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.58 and a current ratio of 0.58. Lyft has a fifty-two week low of $12.46 and a fifty-two week high of $25.54.

Lyft (NASDAQ:LYFT - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The ride-sharing company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.01). Lyft had a negative return on equity of 2.09% and a net margin of 43.82%.The company had revenue of $1.84 billion during the quarter, compared to analysts' expectations of $1.81 billion. During the same quarter in the prior year, the business posted $0.10 EPS. The company's revenue was up 16.1% on a year-over-year basis. As a group, sell-side analysts expect that Lyft will post 0.69 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Erin Brewer sold 15,000 shares of the business's stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $13.59, for a total value of $203,850.00. Following the completion of the sale, the chief financial officer directly owned 705,979 shares in the company, valued at $9,594,254.61. The trade was a 2.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jill Beggs sold 2,093 shares of the company's stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $13.76, for a total transaction of $28,799.68. Following the transaction, the director owned 30,092 shares of the company's stock, valued at $414,065.92. This represents a 6.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 81,749 shares of company stock valued at $1,221,950. 0.92% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Lyft

Several hedge funds and other institutional investors have recently made changes to their positions in LYFT. University of Texas Texas AM Investment Management Co. acquired a new position in Lyft during the fourth quarter worth about $26,000. Plato Investment Management Ltd purchased a new position in Lyft in the 2nd quarter worth approximately $27,000. Boreal Capital Management LLC purchased a new position in Lyft in the 1st quarter worth approximately $31,000. Bessemer Group Inc. boosted its holdings in shares of Lyft by 1,851.9% during the 1st quarter. Bessemer Group Inc. now owns 2,635 shares of the ride-sharing company's stock worth $35,000 after purchasing an additional 2,500 shares during the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in shares of Lyft in the fourth quarter valued at approximately $40,000. Hedge funds and other institutional investors own 83.07% of the company's stock.

Key Stories Impacting Lyft

Here are the key news stories impacting Lyft this week:

• Positive Sentiment: Revenue and demand exceeded expectations: Lyft reported second-quarter revenue of approximately $1.84 billion, ahead of the $1.81 billion consensus estimate, while rides, bookings and active riders reached records. Growth was supported by higher-value rides, international expansion and partnerships. Lyft signals steady demand as second-quarter revenue tops estimates
• Positive Sentiment: Q3 outlook was viewed favorably: Lyft forecast gross-bookings growth of roughly 15% to 19% for the current quarter, slightly above some expectations. The guidance suggests demand remains steady, even though growth is expected to moderate from the second quarter. Lyft sets records on rides and bookings, sets upbeat outlook for Q3
• Positive Sentiment: Rating pressure eased: Zacks Research upgraded Lyft from “strong sell” to “hold,” reducing an important source of negative sentiment around the stock. Zacks.com
• Neutral Sentiment: Analyst stance remains cautious: Evercore ISI’s Mark Mahaney reiterated a Hold rating. He cited strong demand momentum but slower progress on margins, limiting the potential for a more bullish reassessment. Lyft analyst rating
• Negative Sentiment: Profitability fell short: Lyft’s quarterly earnings per share missed consensus estimates. Higher promotional spending helped drive record bookings but pressured margins and contributed to the earnings miss. Lyft posts record bookings, but higher promotions fuel profit miss
• Negative Sentiment: Growth is slowing: Management expects bookings growth to moderate in the third quarter, which could temper enthusiasm if demand or pricing weakens further. Lyft's Bookings Climb, But Expects Growth to Moderate
• Negative Sentiment: Insider selling adds a modest risk signal: Insider Lindsay Catherine Llewellyn sold 36,214 shares worth about $584,000. The transaction was made under a pre-arranged Rule 10b5-1 plan, reducing its significance as a discretionary bearish signal.

Lyft Company Profile

Lyft, Inc NASDAQ: LYFT operates a peer-to-peer ridesharing platform that connects passengers with drivers through a mobile application. Since its founding in 2012, the company has expanded beyond traditional ride-hailing to include bike and electric scooter rentals, while also offering rental cars and public transit options in select markets. Lyft's platform uses GPS mapping and dynamic pricing algorithms to optimize driver-passenger matches and route efficiency.

Headquartered in San Francisco, California, Lyft primarily serves urban and suburban markets across the United States and Canada.

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