Lyft - LYFT Stock Forecast, Price & News

30 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lyft in the last year. There are currently 1 sell rating, 15 hold ratings and 14 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.
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30 analysts have issued 1-year price targets for Lyft's shares. Their LYFT share price forecasts range from $11.00 to $60.00. On average, they expect the company's share price to reach $23.40 in the next year. This suggests a possible upside of 46.6% from the stock's current price.
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Lyft's stock was trading at $11.02 on January 1st, 2023. Since then, LYFT shares have increased by 44.9% and is now trading at $15.97.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 9th 2023.
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Lyft will be holding an earnings conference call on Thursday, February 9th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

Lyft, Inc. (NASDAQ:LYFT) released its quarterly earnings results on Monday, November, 7th. The ride-sharing company reported ($0.52) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.38) by $0.14. The ride-sharing company had revenue of $1.05 billion for the quarter, compared to analysts' expectations of $1.05 billion. Lyft had a negative net margin of 32.26% and a negative trailing twelve-month return on equity of 54.39%.

Lyft updated its fourth quarter 2022 earnings guidance on Monday, November, 21st. The company provided EPS guidance of for the period. The company issued revenue guidance of $1.15 billion-$1.17 billion, compared to the consensus revenue estimate of $1.17 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 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 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."

Lyft's stock is owned by a number of institutional and retail investors. Top institutional investors include Paradigm Financial Partners LLC (0.09%), Paragon Capital Management Ltd (0.08%), Strategic Wealth Investment Group LLC (0.05%), Catalyst Private Wealth LLC (0.04%), True Signal LP (0.02%) and Wesbanco Bank Inc. (0.01%). Insiders that own company stock include Brian Keith Roberts, David Lawee, Ian H Siegel, 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 $15.97.

Lyft (NASDAQ:LYFT) has a market capitalization of $5.76 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 ($3.58) 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.