Lyft (LYFT) Stock Forecast, Price & News

32 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Lyft in the last twelve months. There are currently 27 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" LYFT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in LYFT, but not buy additional shares or sell existing shares.
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32 Wall Street research analysts have issued twelve-month target prices for Lyft's shares. Their LYFT share price forecasts range from $8.50 to $24.00. On average, they predict the company's share price to reach $13.78 in the next twelve months. This suggests a possible upside of 38.6% from the stock's current price.
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Lyft's stock was trading at $11.02 at the beginning of 2023. Since then, LYFT stock has decreased by 9.8% and is now trading at $9.94.
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The company is scheduled to release its next quarterly earnings announcement on Monday, November 6th 2023.
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Lyft, Inc. (NASDAQ:LYFT) announced its quarterly earnings data on Tuesday, August, 8th. The ride-sharing company reported ($0.14) EPS for the quarter, beating analysts' consensus estimates of ($0.37) by $0.23. The ride-sharing company earned $1.02 billion during the quarter, compared to analysts' expectations of $1.02 billion. Lyft had a negative trailing twelve-month return on equity of 181.53% and a negative net margin of 30.87%.

ETFs with the largest weight of Lyft (NASDAQ:LYFT) stock in their portfolio include ETFMG Travel Tech ETF (AWAY), ProShares On-Demand ETF (OND), SPDR S&P Transportation ETF (XTN), Amplify Online Retail ETF (IBUY), Fidelity Electric Vehicles and Future Transportation ETF (FDRV), IQ Engender Equality ETF (EQUL), SPDR S&P Kensho Smart Mobility ETF (HAIL) and IQ U.S. Mid Cap R&D Leaders ETF (MRND).

Lyft updated its third quarter 2023 earnings guidance on Tuesday, August, 8th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $1.13 billion-$1.15 billion, compared to the consensus revenue estimate of $1.09 billion.

418 employees have rated Lyft Chief Executive Officer Logan Green on Glassdoor.com. Logan Green has an approval rating of 81% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Lyft investors own include Uber Technologies (UBER), Alibaba Group (BABA), NVIDIA (NVDA), Tesla (TSLA), Walt Disney (DIS), Netflix (NFLX), Block (SQ), Micron Technology (MU), Advanced Micro Devices (AMD) and Salesforce (CRM).

(LYFT) raised $2 billion in an IPO on Friday, March 29th 2019. The company issued 30,800,000 shares at a price of $62.00-$68.00 per share. J.P. Morgan, Credit Suisse, Jefferies, UBS Securities, Stifel, Nicolaus, RBC Capital Markets and KeyBanc Capital Markets served as the underwriters for the IPO and Cowen, Raymond James, Canaccord Genuity, Evercore ISI, Piper Jaffray, JMP Securities, Wells Fargo Securities, KKR, Academy Securities, Blaylock Van, Penserra, Siebert Cisneros, The Williams Capital Group, CastleOak Securities, C.L. King & Associates, Drexel Hamilton, Great Pacific Securities, Loop Capital Markets, Mischler Financial Group, Samuel A. Ramirez, R. Seelaus and Tigress Financial Partners were co-managers.

Lyft trades on the NASDAQ under the ticker symbol "LYFT."

Lyft's stock is owned by a number of institutional and retail investors. Top institutional shareholders include UBS Asset Management Americas Inc. (2.19%), Dorsal Capital Management LLC (1.32%), Geode Capital Management LLC (1.30%), Fisher Asset Management LLC (1.10%), Spyglass Capital Management LLC (0.99%) and Jericho Capital Asset Management L.P. (0.96%). Insiders that own company stock include Brian Keith Roberts, Dave Stephenson, David Lawee, Ian H Siegel, John David Risher, John Patrick Zimmer, Kristin Sverchek, Lisa Blackwood-Kapral, Logan Green, Mary Agnes Wilderotter, Prashant Aggarwal and Valerie B Jarrett.
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Shares of LYFT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of LYFT stock can currently be purchased for approximately $9.94.

Lyft (NASDAQ:LYFT) has a market capitalization of $3.84 billion and generates $4.10 billion in revenue each year. The ride-sharing company earns $-1,584,510,000.00 in net income (profit) each year or ($3.61) on an earnings per share basis.

The company employs 4,419 workers across the globe.

Lyft's mailing address is 185 BERRY STREET SUITE 5000, SAN FRANCISCO CA, 94107. The official website for the company is www.lyft.com. The ride-sharing company can be reached via phone at (844) 250-2773 or via email at investor@lyft.com.