Free Trial

Lyft (LYFT) Stock Price, News & Analysis

$16.01
-0.06 (-0.37%)
(As of 05/21/2024 ET)
Today's Range
$15.80
$16.19
50-Day Range
$15.64
$20.28
52-Week Range
$7.85
$20.82
Volume
8.99 million shs
Average Volume
16.11 million shs
Market Capitalization
$6.40 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$16.70

Lyft MarketRank™ Stock Analysis

Analyst Rating
Hold
2.16 Rating Score
Upside/​Downside
4.3% Upside
$16.70 Price Target
Short Interest
Healthy
12.96% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-0.37
Upright™ Environmental Score
News Sentiment
-0.22mentions of Lyft in the last 14 days
Based on 41 Articles This Week
Insider Trading
Selling Shares
$5 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.22) to ($0.05) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.01 out of 5 stars

Computer And Technology Sector

297th out of 590 stocks

Business Services, Not Elsewhere Classified Industry

53rd out of 87 stocks

LYFT stock logo

About Lyft Stock (NASDAQ:LYFT)

Lyft Inc. is a ridesharing company that provides transportation services to consumers through its mobile app. The company was founded in 2012 by Logan Green and John Zimmer and is headquartered in San Francisco, California. Lyft is a peer-to-peer transportation platform that connects drivers with passengers who need a ride. The company operates in over 600 cities across the United States and Canada and has facilitated over 1 billion rides since its inception. Lyft's mission is to improve people's lives through the world's best transportation.


Lyft's management team is led by co-founders Logan Green and John Zimmer. Green serves as the CEO, while Zimmer is the President. Other key management team members include Elaine Paul, the Chief Financial Officer and Ashwin Raj, the Head of Ride Share. 

Lyft's financial performance has been impacted by the COVID-19 pandemic, with revenue declining significantly in 2020. In 2019, the company reported revenue of $3.6 billion, an increase of 68% from the previous year. However, in 2020, revenue declined to $2.4 billion, a decrease of 34%. Despite the challenging year, Lyft has a strong balance sheet, with cash and marketable securities available to help carry it through the rebound from COVID-19. 

Lyft's valuation metrics have been impacted by the pandemic and the company's financial performance. However, Lyft's price-to-earnings ratio has maintained the pace or slightly exceeded the industry averages. Lyft's stock price has been volatile recently, with significant fluctuations based on investor sentiment and news events. 

The ridesharing industry is highly competitive, with Lyft's primary competitor being Uber. Both companies have faced regulatory challenges in the United States and abroad, and the industry is subject to ongoing changes in laws and regulations. The industry is also impacted by changes in consumer preferences and technological advancements. Electric and autonomous vehicles could disrupt the industry in the coming years, and Lyft has made significant investments in these areas.

Lyft has several growth opportunities, including expanding into new markets and launching new products and services. The company has launched a subscription service called Lyft Pink, which offers perks and discounts to frequent riders. Lyft is also investing in electric and autonomous vehicles, which could provide a significant growth opportunity in the coming years. The company has partnered with self-driving car technology companies and plans to launch a commercial autonomous ride-hailing service.

Lyft faces several risks and challenges, including the ongoing impact of the COVID-19 pandemic on its business. The company also faces intense competition from Uber and other ride-hailing companies. Additionally, regulatory changes could impact the company's ability to operate in specific markets, and changes in consumer preferences could affect the company's market share. Insurance and fuel costs also present a significant challenge to the ridesharing industry, which could impact Lyft's profitability.

Lyft's investments in autonomous vehicle technology carry significant risk. The development and implementation of self-driving cars are expensive, and there is no guarantee that they will be successful. The company's efforts in this area also face significant regulatory hurdles, and Lyft must comply with various laws and regulations to launch a commercial autonomous ride-hailing service. Finally, the company's high operating costs, including driver compensation and marketing expenses, present a challenge to the company's profitability.

LYFT Stock Price History

LYFT Stock News Headlines

Lyft: An Extremely Perilous Bet Despite Recent Progress
How to avoid an Uber/Lyft disaster
See More Headlines
Receive LYFT Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Lyft and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Last Earnings
11/02/2021
Today
5/21/2024
Next Earnings (Estimated)
8/13/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Business services, not elsewhere classified
Sub-Industry
N/A
Current Symbol
NASDAQ:LYFT
CUSIP
55087P104
Fax
N/A
Employees
2,945
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$16.70
High Stock Price Target
$24.00
Low Stock Price Target
$7.00
Potential Upside/Downside
+4.3%
Consensus Rating
Hold
Rating Score (0-4)
2.16
Research Coverage
25 Analysts

Profitability

Net Income
$-340,320,000.00
Pretax Margin
-3.75%

Debt

Sales & Book Value

Annual Sales
$4.40 billion
Book Value
$1.35 per share

Miscellaneous

Free Float
387,173,000
Market Cap
$6.40 billion
Optionable
Optionable
Beta
2.05
The 10 Best AI Stocks to Own in 2024 Cover

Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.

Get This Free Report

LYFT Stock Analysis - Frequently Asked Questions

Should I buy or sell Lyft stock right now?

25 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Lyft in the last twelve months. There are currently 1 sell rating, 19 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street 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.
View LYFT analyst ratings
or view top-rated stocks.

What is Lyft's stock price target for 2024?

25 brokerages have issued 12 month price targets for Lyft's shares. Their LYFT share price targets range from $7.00 to $24.00. On average, they predict the company's stock price to reach $16.70 in the next twelve months. This suggests a possible upside of 4.3% from the stock's current price.
View analysts price targets for LYFT
or view top-rated stocks among Wall Street analysts.

How have LYFT shares performed in 2024?

Lyft's stock was trading at $14.99 at the beginning of the year. Since then, LYFT stock has increased by 6.8% and is now trading at $16.01.
View the best growth stocks for 2024 here
.

When is Lyft's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 13th 2024.
View our LYFT earnings forecast
.

How were Lyft's earnings last quarter?

Lyft, Inc. (NASDAQ:LYFT) released its quarterly earnings results on Tuesday, November, 2nd. The ride-sharing company reported $0.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.56) by $0.61. The ride-sharing company had revenue of $864.41 million for the quarter, compared to analysts' expectations of $860.24 million. Lyft had a negative trailing twelve-month return on equity of 23.77% and a negative net margin of 3.94%. During the same period in the prior year, the company posted ($1.44) earnings per share.

What is Logan Green's approval rating as Lyft's CEO?

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.

What other stocks do shareholders of Lyft own?

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).

When did Lyft IPO?

Lyft (LYFT) raised $2 billion in an initial public offering on Friday, March 29th 2019. The company issued 30,800,000 shares at $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.

Who are Lyft's major shareholders?

Lyft's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (8.23%), Jacobs Levy Equity Management Inc. (1.46%), Twin Tree Management LP (0.00%), Maple Rock Capital Partners Inc. (0.68%), Canada Pension Plan Investment Board (0.36%) and Price T Rowe Associates Inc. MD (0.36%). Insiders that own company stock include Dave Stephenson, Erin Brewer, Ian H Siegel, John David Risher, John Patrick Zimmer, Kristin Sverchek, Lisa Blackwood-Kapral, Logan Green, Mary Agnes Wilderotter and Prashant Aggarwal.
View institutional ownership trends
.

How do I buy shares of Lyft?

Shares of LYFT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:LYFT) was last updated on 5/21/2024 by MarketBeat.com Staff

From Our Partners