15 analysts have shared their evaluations of Lyft LYFT during the recent three months, expressing a mix of bullish and bearish perspectives.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 0 | 2 | 12 | 1 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 0 | 1 | 7 | 0 | 0 |
| 2M Ago | 0 | 0 | 4 | 0 | 0 |
| 3M Ago | 0 | 0 | 1 | 1 | 0 |
Analysts have set 12-month price targets for Lyft, revealing an average target of $15.33, a high estimate of $23.00, and a low estimate of $12.00. This upward trend is evident, with the current average reflecting a 19.39% increase from the previous average price target of $12.84.
Diving into Analyst Ratings: An In-Depth Exploration
The standing of Lyft among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Brad Erickson | RBC Capital | Raises | Outperform | $23.00 | $17.00 |
| Ross Sandler | Barclays | Raises | Equal-Weight | $17.00 | $14.00 |
| Lloyd Walmsley | UBS | Raises | Neutral | $14.00 | $13.00 |
| Ken Gawrelski | Wells Fargo | Raises | Equal-Weight | $15.00 | $12.00 |
| Doug Anmuth | JP Morgan | Raises | Neutral | $13.00 | $11.00 |
| Alexander Potter | Piper Sandler | Raises | Overweight | $17.00 | $14.00 |
| Itay Michaeli | Citigroup | Raises | Neutral | $15.00 | $13.00 |
| Brad Erickson | RBC Capital | Raises | Sector Perform | $17.00 | $15.00 |
| Youssef Squali | Truist Securities | Raises | Hold | $15.00 | $13.00 |
| John Blackledge | TD Cowen | Raises | Market Perform | $12.00 | $10.00 |
| Eric Sheridan | Goldman Sachs | Raises | Neutral | $15.00 | $12.00 |
| Eric Sheridan | Goldman Sachs | Raises | Neutral | $15.00 | $12.00 |
| Brian Pitz | BMO Capital | Announces | Market Perform | $15.00 | - |
| Anindya Das | Nomura | Raises | Reduce | $13.00 | $11.70 |
| Daniel Ives | Wedbush | Raises | Neutral | $14.00 | $12.00 |
Key Insights:
- Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Lyft. This insight gives a snapshot of analysts' perspectives on the current state of the company.
- Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Lyft compared to the broader market.
- Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Lyft's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Lyft's market position. Stay informed and make well-informed decisions with our Ratings Table.
Stay up to date on Lyft analyst ratings.
About Lyft
Lyft is the second-largest ride-sharing service provider in the US and Canada, connecting riders and drivers over the Lyft app. Incorporated in 2013, Lyft offers a variety of rides via private vehicles, including traditional private rides, shared rides, and luxury ones. Besides ride-share, Lyft also has entered the bike- and scooter-share market to bring multimodal transportation options to users.
Breaking Down Lyft's Financial Performance
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Growth: Lyft's revenue growth over a period of 3 months has been noteworthy. As of 31 December, 2023, the company achieved a revenue growth rate of approximately 4.22%. This indicates a substantial increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Industrials sector.
Net Margin: Lyft's net margin excels beyond industry benchmarks, reaching -2.15%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Lyft's ROE excels beyond industry benchmarks, reaching -5.21%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): Lyft's ROA stands out, surpassing industry averages. With an impressive ROA of -0.58%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: With a below-average debt-to-equity ratio of 1.92, Lyft adopts a prudent financial strategy, indicating a balanced approach to debt management.
The Significance of Analyst Ratings Explained
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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