S&P 500   4,241.78 (-1.09%)
DOW   33,143.80 (-0.87%)
QQQ   357.52 (-1.04%)
AAPL   171.02 (-1.57%)
MSFT   316.66 (-1.60%)
META   301.94 (-1.59%)
GOOGL   132.42 (-1.30%)
AMZN   125.67 (-2.93%)
TSLA   246.15 (-2.17%)
NVDA   445.94 (-0.42%)
NIO   8.63 (-1.82%)
BABA   84.19 (-2.70%)
AMD   101.95 (-1.28%)
T   14.73 (+0.41%)
F   12.11 (-1.62%)
MU   68.61 (+0.96%)
CGC   0.69 (-6.27%)
GE   108.61 (-0.17%)
DIS   80.89 (-0.96%)
AMC   8.06 (-1.10%)
PFE   33.90 (-0.12%)
PYPL   57.64 (-1.57%)
NFLX   382.45 (+0.56%)
S&P 500   4,241.78 (-1.09%)
DOW   33,143.80 (-0.87%)
QQQ   357.52 (-1.04%)
AAPL   171.02 (-1.57%)
MSFT   316.66 (-1.60%)
META   301.94 (-1.59%)
GOOGL   132.42 (-1.30%)
AMZN   125.67 (-2.93%)
TSLA   246.15 (-2.17%)
NVDA   445.94 (-0.42%)
NIO   8.63 (-1.82%)
BABA   84.19 (-2.70%)
AMD   101.95 (-1.28%)
T   14.73 (+0.41%)
F   12.11 (-1.62%)
MU   68.61 (+0.96%)
CGC   0.69 (-6.27%)
GE   108.61 (-0.17%)
DIS   80.89 (-0.96%)
AMC   8.06 (-1.10%)
PFE   33.90 (-0.12%)
PYPL   57.64 (-1.57%)
NFLX   382.45 (+0.56%)
S&P 500   4,241.78 (-1.09%)
DOW   33,143.80 (-0.87%)
QQQ   357.52 (-1.04%)
AAPL   171.02 (-1.57%)
MSFT   316.66 (-1.60%)
META   301.94 (-1.59%)
GOOGL   132.42 (-1.30%)
AMZN   125.67 (-2.93%)
TSLA   246.15 (-2.17%)
NVDA   445.94 (-0.42%)
NIO   8.63 (-1.82%)
BABA   84.19 (-2.70%)
AMD   101.95 (-1.28%)
T   14.73 (+0.41%)
F   12.11 (-1.62%)
MU   68.61 (+0.96%)
CGC   0.69 (-6.27%)
GE   108.61 (-0.17%)
DIS   80.89 (-0.96%)
AMC   8.06 (-1.10%)
PFE   33.90 (-0.12%)
PYPL   57.64 (-1.57%)
NFLX   382.45 (+0.56%)
S&P 500   4,241.78 (-1.09%)
DOW   33,143.80 (-0.87%)
QQQ   357.52 (-1.04%)
AAPL   171.02 (-1.57%)
MSFT   316.66 (-1.60%)
META   301.94 (-1.59%)
GOOGL   132.42 (-1.30%)
AMZN   125.67 (-2.93%)
TSLA   246.15 (-2.17%)
NVDA   445.94 (-0.42%)
NIO   8.63 (-1.82%)
BABA   84.19 (-2.70%)
AMD   101.95 (-1.28%)
T   14.73 (+0.41%)
F   12.11 (-1.62%)
MU   68.61 (+0.96%)
CGC   0.69 (-6.27%)
GE   108.61 (-0.17%)
DIS   80.89 (-0.96%)
AMC   8.06 (-1.10%)
PFE   33.90 (-0.12%)
PYPL   57.64 (-1.57%)
NFLX   382.45 (+0.56%)
Lowest-Rated StocksLowest-Rated
NASDAQ:LYFT

Lyft (LYFT) Stock Forecast, Price & News

$10.34
-0.17 (-1.62%)
(As of 10:15 AM ET)
Compare
Today's Range
$10.29
▼
$10.62
50-Day Range
$9.78
▼
$12.71
52-Week Range
$7.85
▼
$18.36
Volume
1.16 million shs
Average Volume
17.62 million shs
Market Capitalization
$3.99 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$13.78
ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial MediaSustainability

Lyft MarketRank™ Forecast

Analyst Rating
Hold
2.16 Rating Score
Upside/​Downside
31.1% Upside
$13.78 Price Target
Short Interest
Bearish
14.00% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-0.37
Upright™ Environmental Score
News Sentiment
-0.27mentions of Lyft in the last 14 days
Based on 22 Articles This Week
Insider Trading
Acquiring Shares
$2.25 M Bought Last Quarter
Proj. Earnings Growth
Growing
From ($1.03) to ($0.44) Per Share

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.37 out of 5 stars

Computer And Technology Sector

247th out of 603 stocks

Business Services, Not Elsewhere Classified Industry

42nd out of 92 stocks

See Top Rated MarketRank™ Stocks Here

LYFT stock logo

About Lyft (NASDAQ:LYFT) Stock

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 Price History

LYFT Stock News Headlines

October 3, 2023 | msn.com
Thousands of Sexual Assaults Lead To Lyft’s ‘Women+ Connect’ Feature – Gender Matching for a Safer Ride Empowers Women
October 3, 2023 | msn.com
Former St. Peters Lyft driver to be sentenced for kidnapping, rape
October 3, 2023 | Wall Street Fundamentals (Ad)
The "Plug and Play" Model Putting Online Giants to Shame
While e-commerce has been undergoing a turbulent time, a "simple" model has grown 4X faster than Amazon over the last 3 years. Applying this model to high-margin, recession-resistant businesses has shown to be profitable. But that's just the beginning of explaining the 400+% growth - and potential - of this "diamond in the rough."
October 3, 2023 | yahoo.com
Cat Lost During Lyft Ride Reunited With Pet Parent
October 3, 2023 | msn.com
"I Just Want My Cat Back" — Lyft Customer's Pet Cat Goes Missing After Driver Took Off
October 2, 2023 | msn.com
Man sentenced to 25 years in prison for killing Lyft driver in north St. Louis
October 2, 2023 | news.yahoo.com
Mathew Flores pleads not guilty in murder of Lyft driver Gary Levin
October 2, 2023 | msn.com
Prosecutors seek death penalty for Mathew Flores in murder of Lyft driver Gary Levin
October 3, 2023 | Edge On The Street (Ad)
Is Gold Really Boring?
Many investors perceive gold as a "boring" investment. But according to MoneyWeek, that's a good thing. Gold helps investors sleep soundly as it preserves wealth and creates a hedge against inflation. Today, there's a unique way to invest in gold, with real advantages over coins and mining stocks.
October 2, 2023 | msn.com
Cat Owner Pleads For Help After Lyft Driver Takes Off With Pet Still Inside
October 2, 2023 | msn.com
Cat separated from owner after Lyft trip
September 30, 2023 | msn.com
Hi, could anyone provide me with the direct (online) link to the free or heavily discounted ride program for seniors (on a fixed income) through Lyft and / or Uber or other ...
September 29, 2023 | msn.com
New Yorkers rip Uber, Lyft for surging prices during storm
September 29, 2023 | msn.com
I'm an Uber and Lyft driver and I wish passengers knew these 9 things before getting in my car
September 28, 2023 | cbsnews.com
State to seek death penalty against man accused of murdering South Florida Lyft driver
September 28, 2023 | msn.com
Teen accused of murdering Lyft driver pleads not guilty
September 28, 2023 | news.yahoo.com
State seeks death penalty against man accused of murdering Lyft driver from Palm Beach Gardens
September 28, 2023 | msn.com
Florida to seek death penalty against man accused of murdering Lyft driver
September 28, 2023 | news.yahoo.com
Prosecutors seeking death penalty in Florida Lyft driver murder
September 27, 2023 | markets.businessinsider.com
Uber Vs. Lyft's Competitive Landscape: Demand Surges And Prices Soar, Analyst Weighs In
September 27, 2023 | msn.com
Lyft driver arrested for having marijuana in car after calling deputies
September 27, 2023 | americanbankingnews.com
BTIG Research Reaffirms Neutral Rating for Lyft (NASDAQ:LYFT)
September 26, 2023 | benzinga.com
Analyst Expectations for Lyft's Future
September 25, 2023 | msn.com
Prosecution seeks death penalty for man accused of killing Lyft driver
September 25, 2023 | benzinga.com
SHAREHOLDER ALERT: Lowey Dannenberg is Investigating Lyft, Inc. for Potential Breaches of Fiduciary Duty by Its Board of Directors
September 25, 2023 | news.yahoo.com
Lyft driver dials deputies, gets DUI drug charge
September 25, 2023 | news.yahoo.com
Uber, Lyft prices to increase for rides that start in North Carolina
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.

LYFT Company Calendar

Last Earnings
8/08/2023
Today
10/03/2023
Next Earnings (Estimated)
11/06/2023
Fiscal Year End
12/31/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NASDAQ
Industry
Business services, not elsewhere classified
Sub-Industry
N/A
Sector
Computer and Technology
Current Symbol
NASDAQ:LYFT
CUSIP
55087P104
CIK
1759509
Web
www.lyft.com
Phone
(844) 250-2773
Fax
N/A
Employees
4,419
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$13.78
High Stock Price Forecast
$24.00
Low Stock Price Forecast
$8.50
Forecasted Upside/Downside
+31.1%
Consensus Rating
Hold
Rating Score (0-4)
2.16
Research Coverage
32 Analysts

Profitability

EPS (Most Recent Fiscal Year)
($3.61)
Trailing P/E Ratio
N/A
Forward P/E Ratio
N/A
P/E Growth
N/A
Net Income
$-1,584,510,000.00
Net Margins
-30.87%
Pretax Margin
-30.68%
Return on Equity
-181.53%
Return on Assets
-19.25%

Debt

Debt-to-Equity Ratio
2.09
Current Ratio
0.82
Quick Ratio
0.82

Sales & Book Value

Annual Sales
$4.10 billion
Price / Sales
0.99
Cash Flow
N/A
Price / Cash Flow
N/A
Book Value
$1.05 per share
Price / Book
10.01

Miscellaneous

Outstanding Shares
386,240,000
Free Float
374,033,000
Market Cap
$4.06 billion
Optionable
Not Optionable
Beta
1.77
Elon Musk's Next Move Cover
Elon Musk's Next Move

Wondering when you'll finally be able to invest in SpaceX, StarLink or The Boring Company? Click the link below to learn when Elon Musk will let these companies finally IPO.

Get This Free Report

Key Executives

  • Mr. Logan D. GreenMr. Logan D. Green (Age 39)
    Co-Founder & Chairman
    Comp: $474k
  • Mr. John David RisherMr. John David Risher (Age 58)
    CEO & Director
    Comp: $22.5k
  • Mr. John Patrick Zimmer (Age 39)
    Co-Founder & Vice Chairman
    Comp: $1.1M
  • Ms. Kristin SverchekMs. Kristin Sverchek (Age 40)
    Pres
    Comp: $539.34k
  • Ms. Elaine Paul (Age 55)
    Advisor
    Comp: $2.15M
  • Ms. Erin Brewer (Age 52)
    Chief Financial Officer
  • Ms. Lisa Blackwood-KapralMs. Lisa Blackwood-Kapral (Age 55)
    Chief Accounting Officer
  • Ms. Sonya Banerjee
    Head of Investor Relations
  • Lindsay Llewellyn
    Gen. Counsel & Sec.

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













LYFT Stock - Frequently Asked Questions

Should I buy or sell Lyft stock right now?

32 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Lyft in the last year. There are currently 27 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 forecast for 2023?

32 brokerages have issued 12 month target prices for Lyft's stock. Their LYFT share price forecasts range from $8.50 to $24.00. On average, they expect the company's stock price to reach $13.78 in the next year. This suggests a possible upside of 31.1% 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 2023?

Lyft's stock was trading at $11.02 on January 1st, 2023. Since then, LYFT shares have decreased by 4.6% and is now trading at $10.51.
View the best growth stocks for 2023 here.

When is Lyft's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, November 6th 2023.
View our LYFT earnings forecast.

How were Lyft's earnings last quarter?

Lyft, Inc. (NASDAQ:LYFT) issued its quarterly earnings data on Tuesday, August, 8th. The ride-sharing company reported ($0.14) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.37) by $0.23. The ride-sharing company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.02 billion. Lyft had a negative net margin of 30.87% and a negative trailing twelve-month return on equity of 181.53%.

What ETFs hold Lyft's stock?

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).

What guidance has Lyft issued on next quarter's earnings?

Lyft updated its third quarter 2023 earnings guidance on Tuesday, August, 8th. The company provided earnings per share 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.

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) raised $2 billion in an initial public offering (IPO) 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.

What is Lyft's stock symbol?

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

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Lyft's stock price today?

One share of LYFT stock can currently be purchased for approximately $10.51.

How much money does Lyft make?

Lyft (NASDAQ:LYFT) has a market capitalization of $4.06 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.

How many employees does Lyft have?

The company employs 4,419 workers across the globe.

How can I contact Lyft?

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.

This page (NASDAQ:LYFT) was last updated on 10/3/2023 by MarketBeat.com Staff

My Account -