In the preceding three months, 14 analysts have released ratings for Lyft LYFT, presenting a wide array of perspectives from bullish to bearish.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 2 | 3 | 9 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 1 | 0 | 0 |
| 2M Ago | 1 | 2 | 0 | 0 | 0 |
| 3M Ago | 0 | 1 | 8 | 0 | 0 |
In the assessment of 12-month price targets, analysts unveil insights for Lyft, presenting an average target of $17.29, a high estimate of $24.00, and a low estimate of $12.00. This upward trend is evident, with the current average reflecting a 20.82% increase from the previous average price target of $14.31.
Investigating Analyst Ratings: An Elaborate Study
The perception of Lyft by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Ivan Feinseth | Tigress Financial | Raises | Buy | $24.00 | $22.00 |
| Ken Gawrelski | Wells Fargo | Raises | Equal-Weight | $18.00 | $15.00 |
| Thomas Champion | Piper Sandler | Raises | Overweight | $22.00 | $17.00 |
| Bill Selesky | Argus Research | Announces | Buy | $20.00 | - |
| 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 |
Key Insights:
- Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Lyft. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Lyft compared to the broader market.
- Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Lyft's stock. This comparison reveals trends in analysts' expectations over time.
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Lyft's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
Stay up to date on Lyft analyst ratings.
Unveiling the Story Behind 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: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.
Revenue Growth: Over the 3 months period, Lyft showcased positive performance, achieving a revenue growth rate of 4.22% as of 31 December, 2023. This reflects a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Industrials sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of -2.15%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Lyft's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive -5.21% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of -0.58%, the company showcases effective utilization of assets.
Debt Management: Lyft's debt-to-equity ratio is below the industry average at 1.92, reflecting a lower dependency on debt financing and a more conservative financial approach.
What Are Analyst Ratings?
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
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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