LYFT Stock Forecast, Price & News

LYFT's stock was trading at $29.01 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, LYFT shares have decreased by 5.0% and is now trading at $27.55.
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34 Wall Street analysts have issued "buy," "hold," and "sell" ratings for LYFT in the last year. There are currently 12 hold ratings and 22 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for LYFT.

LYFT is scheduled to release its next quarterly earnings announcement on Wednesday, November 4th 2020.
View our earnings forecast for LYFT.

LYFT Inc (NASDAQ:LYFT) released its earnings results on Wednesday, August, 12th. The ride-sharing company reported ($0.86) earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of ($1.58) by $0.72. The ride-sharing company earned $339.35 million during the quarter, compared to analysts' expectations of $328.02 million. LYFT had a negative return on equity of 50.10% and a negative net margin of 50.64%.
View LYFT's earnings history.

34 Wall Street analysts have issued twelve-month price objectives for LYFT's shares. Their forecasts range from $28.00 to $74.00. On average, they anticipate LYFT's share price to reach $44.38 in the next year. This suggests a possible upside of 61.1% from the stock's current price.
View analysts' price targets for LYFT.

Some companies that are related to LYFT include CoStar Group (CSGP), Msci (MSCI), Zillow Group (Z), Zillow Group (ZG), FleetCor Technologies (FLT), Akamai Technologies (AKAM), Ctrip.Com International (CTRP), Trip.com Group (TCOM), Broadridge Financial Solutions (BR), Etsy (ETSY), Fair Isaac (FICO), The Western Union (WU), Farfetch (FTCH), American Well (AMWL) and GrubHub (GRUB).
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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), Netflix (NFLX), Walt Disney (DIS), Micron Technology (MU), Square (SQ), Advanced Micro Devices (AMD) and salesforce.com (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 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 can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of LYFT stock can currently be purchased for approximately $27.55.

LYFT has a market capitalization of $8.60 billion and generates $3.62 billion in revenue each year. The ride-sharing company earns $-2,602,240,000.00 in net income (profit) each year or ($9.90) on an earnings per share basis. LYFT employs 5,683 workers across the globe.

The official website for LYFT is www.lyft.com.

LYFT's mailing address is 185 BERRY STREET SUITE 5000, SAN FRANCISCO CA, 94107. The ride-sharing company can be reached via phone at 844-250-2773 or via email at [email protected]