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Lyft (LYFT) Stock Forecast & Price Target

$12.34
-0.09 (-0.72%)
(As of 07/19/2024 ET)

Lyft - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Based on 31 Wall Street analysts who have issued ratings for Lyft in the last 12 months, the stock has a consensus rating of "Hold." Out of the 31 analysts, 1 has given a sell rating, 19 have given a hold rating, 10 have given a buy rating, and 1 has given a strong buy rating for LYFT.

Consensus Price Target

$18.00
45.87% Upside
High Forecast$24.00
Average Forecast$18.00
Low Forecast$7.00

According to the 31 analysts' twelve-month price targets for Lyft, the average price target is $18.00. The highest price target for LYFT is $24.00, while the lowest price target for LYFT is $7.00. The average price target represents a forecasted upside of 45.87% from the current price of $12.34.

TypeCurrent Forecast
7/21/23 to 7/20/24
1 Month Ago
6/21/23 to 6/20/24
3 Months Ago
4/22/23 to 4/21/24
1 Year Ago
7/21/22 to 7/21/23
Consensus Rating
Hold
Hold
Hold
Hold
Strong Buy
1 Strong Buy rating(s)
1 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
10 Buy rating(s)
10 Buy rating(s)
5 Buy rating(s)
6 Buy rating(s)
Hold
19 Hold rating(s)
18 Hold rating(s)
17 Hold rating(s)
27 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$18.00$18.04$14.60$14.71
Forecasted Upside45.87% Upside15.31% Upside4.93% Upside12.75% Upside
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LYFT Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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LYFT Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Lyft Stock vs. The Competition

TypeLyftComputer and Technology CompaniesS&P 500
Consensus Rating Score
2.35
2.61
2.51
Consensus RatingHoldModerate BuyModerate Buy
Predicted Upside45.87% Upside117.67% Upside9.98% Upside
News Sentiment RatingNeutral News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/16/2024Wolfe Research
3 of 5 stars
S. Khajuria
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Initiated CoveragePeer Perform
7/15/2024Needham & Company LLC
3 of 5 stars
B. Mcternan
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Reiterated RatingHold
6/28/2024Wells Fargo & Company
3 of 5 stars
 Lower TargetEqual Weight ➝ Equal Weight$18.00 ➝ $17.00+21.86%
6/7/2024Vertical Research
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J. Kauffman
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UpgradeStrong-Buy
6/7/2024Morgan Stanley
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 Boost TargetEqual Weight ➝ Equal Weight$17.00 ➝ $18.00+14.87%
6/7/2024TD Cowen
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 Boost TargetHold ➝ Hold$16.00 ➝ $18.00+14.87%
6/7/2024The Goldman Sachs Group
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 Boost TargetNeutral ➝ Neutral$19.00 ➝ $21.00+33.08%
6/7/2024Piper Sandler
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 Reiterated RatingOverweight ➝ Overweight$23.00 ➝ $24.00+50.56%
6/7/2024BMO Capital Markets
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 Boost TargetMarket Perform ➝ Market Perform$18.00 ➝ $19.00+19.20%
6/7/2024Royal Bank of Canada
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 Reiterated RatingOutperform ➝ Outperform$24.00 ➝ $24.00+50.56%
6/7/2024Wedbush
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 Boost TargetNeutral ➝ Neutral$18.00 ➝ $19.00+21.10%
6/7/2024Canaccord Genuity Group
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 Reiterated RatingBuy ➝ Buy$23.00 ➝ $23.00+46.59%
6/7/2024Fox Advisors
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 UpgradeEqual Weight ➝ Overweight$20.00+27.47%
6/7/2024Loop Capital
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R. Sanderson
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UpgradeHold ➝ Buy$20.00+27.47%
6/7/2024Gordon Haskett
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 UpgradeHold ➝ Buy$17.00 ➝ $20.00+27.47%
6/7/2024Bank of America
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 UpgradeUnderperform ➝ Buy$15.00 ➝ $20.00+27.47%
5/8/2024Citigroup
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 Boost TargetNeutral ➝ Neutral$15.00 ➝ $18.00+1.24%
5/8/2024Barclays
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 Boost TargetEqual Weight ➝ Equal Weight$17.00 ➝ $20.00+14.74%
5/8/2024Sanford C. Bernstein
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 Boost TargetMarket Perform ➝ Market Perform$15.00 ➝ $19.00+9.45%
5/8/2024Truist Financial
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 Boost TargetHold ➝ Hold$15.00 ➝ $18.00-0.72%
5/8/2024DA Davidson
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 Boost TargetNeutral ➝ Neutral$15.00 ➝ $18.00+8.43%
4/18/2024Tigress Financial
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 Boost TargetBuy ➝ Buy$22.00 ➝ $24.00+38.65%
3/5/2024Argus
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 UpgradeHold ➝ Buy$20.00+17.10%
2/14/2024UBS Group
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 Boost TargetNeutral ➝ Neutral$13.00 ➝ $14.00-13.21%
2/14/2024JPMorgan Chase & Co.
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 Boost TargetNeutral ➝ Neutral$11.00 ➝ $13.00-18.34%
2/14/2024Moffett Nathanson
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 UpgradeSell ➝ Neutral
12/29/2023Nomura
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 DowngradeNeutral ➝ Reduce$11.70 ➝ $13.00-16.34%
9/26/2023BTIG Research
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 Reiterated RatingNeutral
8/9/2023Susquehanna
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 Boost TargetNeutral ➝ Neutral$9.00 ➝ $10.00-3.85%
8/9/2023Credit Suisse Group
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 Lower TargetOutperform ➝ Outperform$23.00 ➝ $18.00+55.71%
7/25/2023Jefferies Financial Group
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 Boost TargetHold$9.00 ➝ $11.00-5.74%
5/5/2023Deutsche Bank Aktiengesellschaft
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 Lower Target$12.00 ➝ $11.00+28.81%
2/10/2023Roth Capital
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R. Kulkarni
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Reiterated RatingNeutral
2/10/2023Roth Mkm
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 Lower TargetNeutral$20.00 ➝ $12.00+13.31%
2/10/2023Cowen
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 Lower TargetMarket Perform$14.00 ➝ $11.00-32.18%
11/21/2022Cowen
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 DowngradeOutperform ➝ Market Perform$36.00 ➝ $14.00+26.70%
11/15/2022Daiwa Capital Markets
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 Lower Target$11.00-15.84%
11/15/2022Atlantic Securities
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 Lower Target$14.00+7.12%
11/9/2022Northcoast Research
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 DowngradeBuy ➝ Neutral
11/8/2022Susquehanna Bancshares
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 Lower TargetNeutral$23.00 ➝ $13.00+16.49%
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11/8/2022Evercore ISI
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 DowngradeOutperform ➝ In-Line$41.00 ➝ $18.00+27.30%
8/15/2022Guggenheim
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 Lower TargetBuy$32.00 ➝ $28.00+45.61%
8/5/2022Stifel Nicolaus
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 Boost Target$18.00 ➝ $19.00-2.36%
7/27/2022MKM Partners
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 Lower Target$32.00 ➝ $17.00+35.67%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 05:16 AM ET.

LYFT Forecast - Frequently Asked Questions

What is Lyft's forecast for 2024?

According to the research reports of 31 Wall Street equities research analysts, the average twelve-month stock price forecast for Lyft is $18.00, with a high forecast of $24.00 and a low forecast of $7.00.

Should I buy or sell Lyft stock right now?

31 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lyft in the last year. There is currently 1 sell rating, 19 hold ratings, 10 buy ratings and 1 strong buy rating 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.

Does Lyft's stock price have much upside?

According to analysts, Lyft's stock has a predicted upside of 16.16% based on their 12-month stock forecasts.

Has Lyft been upgraded by Wall Street analysts recently?

Over the previous 90 days, Lyft's stock had 5 upgrades by analysts.

Do Wall Street analysts like Lyft more than its competitors?

Analysts like Lyft less than other "computer and technology" companies. The consensus rating for Lyft is Hold while the average consensus rating for "computer and technology" companies is Moderate Buy. Learn more on how LYFT compares to other companies.


This page (NASDAQ:LYFT) was last updated on 7/20/2024 by MarketBeat.com Staff

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