NASDAQ:LYFT

Lyft (LYFT) Stock Forecast, Price & News

$10.32

+0.40 (+4.03%)

(As of 09/27/2023 ET)

Compare

Today's Range: $9.95
▼
$10.44
50-Day Range: $9.78
▼
$12.71
52-Week Range: $7.85
▼
$18.36

Volume: 15.26 million shs
Average Volume: 17.87 million shs
Market Capitalization: $3.99 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $13.78

Lyft MarketRank™ Forecast

Analyst Rating: Hold
2.16 Rating Score
Upside/Downside: 33.5% 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: -0.05
Based on 20 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.

2.38 out of 5 stars

Computer And Technology Sector

260th out of 605 stocks

Business Services, Not Elsewhere Classified Industry

41st out of 92 stocks

4.1

Analyst's Opinion

Consensus Rating
Lyft has received a consensus rating of Hold. The company's average rating score is 2.16, and is based on 5 buy ratings, 27 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $13.78, Lyft has a forecasted upside of 33.5% from its current price of $10.32.
Amount of Analyst Coverage
Lyft has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.0

Short Interest

Percentage of Shares Shorted
14.00% of the outstanding shares of Lyft have been sold short.
Short Interest Ratio / Days to Cover
Lyft has a short interest ratio ("days to cover") of 3.7, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Lyft has recently increased by 3.62%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
Lyft does not currently pay a dividend.
Dividend Growth
Lyft does not have a long track record of dividend growth.

3.4

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Lyft has received a 37.57% net impact score from Upright. Lyft seems to create the most significant positive value in categories "Taxes", "Societal infrastructure", and "GHG emissions". The positive contribution in the "Societal infrastructure" impact category is mostly driven by its "Peer-to-peer ride-sharing services", "Electric bicycle-sharing services", and "Transport planning software" products. See details.
Environmental Sustainability
The Environmental Impact score for Lyft is -0.37.

1.6

News and Social Media Coverage

News Sentiment
Lyft has a news sentiment score of -0.05. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.68 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 20 news articles for Lyft this week, compared to 16 articles on an average week.
Search Interest
Only 30 people have searched for LYFT on MarketBeat in the last 30 days. This is a decrease of -36% compared to the previous 30 days.
MarketBeat Follows
19 people have added Lyft to their MarketBeat watchlist in the last 30 days. This is an increase of 217% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Lyft insiders have bought 362.21% more of their company's stock than they have sold. Specifically, they have bought $2,247,945.00 in company stock and sold $486,348.00 in company stock.
Percentage Held by Insiders
Only 3.16% of the stock of Lyft is held by insiders.
Percentage Held by Institutions
71.63% of the stock of Lyft is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Lyft are expected to grow in the coming year, from ($1.03) to ($0.44) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Lyft is -2.86, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Lyft is -2.86, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Lyft has a P/B Ratio of 9.83. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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

30 days | 90 days | 365 days | Advanced Chart

LYFT Stock News Headlines

September 1, 2023 | marketbeat.com

3 Stocks to Buy Now Ahead of Seasonal September Tailwinds (LYFT)

It’s that time of year. Students are returning to classes again. NFL season is kicking off again. This means demand rises again for transportation. After a t

September 27, 2023 | markets.businessinsider.com

Uber Vs. Lyft's Competitive Landscape: Demand Surges And Prices Soar, Analyst Weighs In

September 28, 2023 | Legacy Research (Ad)

Watch SHOCKING Footage of AI Facility with Ties to Elon Musk

I recently traveled more than 3,000 miles and shot this video outside what could end up being Elon Musk’s biggest secret. Most people don’t know about this facility, but it could be the most important AI project in the world. What’s happening inside these walls is so important that our government has declared it a matter of national security.

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 28, 2023 | MarketBeat Internal (Ad)

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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

September 24, 2023 | msn.com

How To Request A Lyft Ride With A Car Seat

September 22, 2023 | msn.com

Lyft's new CEO: "I will never be able to get rid" of surge pricing

September 22, 2023 | axios.com

Lyft CEO: Surge pricing isn't going away

September 21, 2023 | msn.com

Morris Co. Lyft Driver Found Guilty Of Sexually Assaulting Child

September 21, 2023 | msn.com

UPDATE: Lyft Driver From Morris Found Guilty Of Fondling Underage Prospect Park Passenger

September 21, 2023 | msn.com

'I was scared for my life': New Orleans man robbed in 9th Ward after ordering ride with Lyft

September 21, 2023 | news.yahoo.com

Uber and Lyft pick-up area at Dallas Love Field has moved. Here’s where you need to go

September 21, 2023 | nj.com

Lyft driver convicted of sexually assaulting juvenile passenger

September 21, 2023 | forbes.com

What Brands Should Learn From Lyft’s New Program To Keep Women Passengers And Drivers Safe

September 20, 2023 | msn.com

Riding With Lyft

September 20, 2023 | news.yahoo.com

Lyft to pay $10M fine to SEC for failure to disclose board member's role in pre-IPO share sale

September 20, 2023 | msn.com

Second teen indicted for murder of Lyft driver in Dayton

September 20, 2023 | bloomberg.com

Ex-Lyft Director Arranged Massive Pre-IPO Share Sale, SEC Claims

September 20, 2023 | msn.com

Lyft fined for board member not disclosing role in pre-IPO Icahn-Soros stock sale

September 20, 2023 | reuters.com

Lyft to pay $10 mln civil penalty over disclosure failures -SEC

September 20, 2023 | techcrunch.com

Lyft to pay $10M fine to SEC for failure to disclose board member’s role in pre-IPO share sale

See More Headlines

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LYFT Company Calendar

Last Earnings: 8/08/2023
Today: 9/28/2023
Next Earnings (Estimated): 11/06/2023
Fiscal Year End: 12/31/2023

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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: +33.5%
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: 0.97
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $1.05 per share
Price / Book: 9.83

Miscellaneous

Outstanding Shares: 386,240,000
Free Float: 374,033,000
Market Cap: $3.99 billion
Optionable: Not Optionable
Beta: 1.78

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Key Executives

Mr. Logan D. Green (Age 39)
Co-Founder & Chairman
Comp: $474k

Mr. 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 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-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 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 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 twelve-month price targets for Lyft's shares. Their LYFT share price forecasts range from $8.50 to $24.00. On average, they expect the company's share price to reach $13.78 in the next twelve months. This suggests a possible upside of 33.5% 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 at the beginning of 2023. Since then, LYFT stock has decreased by 6.4% and is now trading at $10.32.
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) posted its earnings results on Tuesday, August, 8th. The ride-sharing company reported ($0.14) earnings per share (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 the consensus estimate 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%.
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 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.
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 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 acted 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."
Who are Lyft's major shareholders?: Lyft's stock is owned by a variety 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.
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 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 $10.32.
How much money does Lyft make?: Lyft (NASDAQ:LYFT) has a market capitalization of $3.99 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 9/28/2023 by MarketBeat.com Staff

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Lyft (LYFT) Stock Forecast, Price & News

Lyft MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Lyft (NASDAQ:LYFT) Stock

LYFT Price History

LYFT Stock News Headlines

LYFT Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

LYFT Stock - Frequently Asked Questions

Overall MarketRank^™