Lyft - LYFT Stock Forecast, Price & News

26 Wall Street 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 analysts is that investors should "buy" LYFT shares.
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26 equities research analysts have issued twelve-month price objectives for Lyft's shares. Their LYFT share price forecasts range from $14.00 to $65.00. On average, they expect the company's share price to reach $35.00 in the next twelve months. This suggests a possible upside of 141.4% from the stock's current price.
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Lyft's stock was trading at $42.73 at the beginning of the year. Since then, LYFT shares have decreased by 66.1% and is now trading at $14.50.
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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 earned $990.70 million during the quarter, compared to the consensus estimate of $988.14 million. Lyft had a negative trailing twelve-month return on equity of 46.36% and a negative net margin of 24.44%. The firm's revenue was up 29.5% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.68) earnings per share.

Lyft issued an update on its third quarter 2022 earnings guidance on Friday, September, 2nd. The company provided 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 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 many different retail and institutional investors. Top institutional investors include Clearbridge Investments LLC (1.84%), UBS Asset Management Americas Inc. (1.41%), Primecap Management Co. CA (1.31%), Citadel Advisors LLC (0.00%), Millennium Management LLC (0.00%) and Grantham Mayo Van Otterloo & Co. LLC (0.79%). Insiders that own company stock include Brian Keith Roberts, David Lawee, Ian H Siegel, John Patrick Zimmer, Kristin Sverchek, Lisa Blackwood-Kapral, Logan Green, Mary Agnes Wilderotter, Ran I Makavy 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 $14.50.

Lyft (NASDAQ:LYFT) has a market capitalization of $5.05 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.