Lyft - LYFT Stock Forecast, Price & News

26 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Lyft in the last twelve months. There are currently 1 sell rating, 10 hold ratings and 15 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" LYFT shares.
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26 Wall Street research analysts have issued twelve-month target prices for Lyft's stock. Their LYFT share price forecasts range from $14.00 to $65.00. On average, they expect the company's stock price to reach $34.50 in the next twelve months. This suggests a possible upside of 150.9% from the stock's current price.
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Lyft's stock was trading at $42.73 at the start of the year. Since then, LYFT stock has decreased by 67.8% and is now trading at $13.75.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 1st 2022.
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Lyft, Inc. (NASDAQ:LYFT) announced its earnings results on Thursday, August, 4th. The ride-sharing company reported $0.13 earnings per share for the quarter, beating analysts' consensus estimates of ($0.05) by $0.18. The ride-sharing company had revenue of $990.70 million for the quarter, compared to analysts' expectations of $988.14 million. Lyft had a negative net margin of 24.44% and a negative trailing twelve-month return on equity of 46.36%. The business's revenue was up 29.5% compared to the same quarter last year. During the same period last year, the business earned ($0.68) earnings per share.

Lyft issued an update on its third quarter 2022 earnings guidance on Friday, September, 2nd. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $1.04 billion-$1.06 billion, compared to the consensus revenue estimate of $1.12 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 initial public offering (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 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.

Lyft trades on the NASDAQ under the ticker symbol "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.
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One share of LYFT stock can currently be purchased for approximately $13.75.

Lyft (NASDAQ:LYFT) has a market capitalization of $4.79 billion and generates $3.21 billion in revenue each year. The ride-sharing company earns $-1,062,140,000.00 in net income (profit) each year or ($2.61) on an earnings per share basis.

The company employs 4,453 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.