Providing a diverse range of perspectives from bullish to bearish, 26 analysts have published ratings on Lyft LYFT in the last three months.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 4 | 5 | 17 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 3 | 3 | 5 | 0 | 0 |
| 2M Ago | 0 | 2 | 10 | 0 | 0 |
| 3M Ago | 1 | 0 | 1 | 0 | 0 |
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $19.58, along with a high estimate of $24.00 and a low estimate of $13.00. Observing a 11.38% increase, the current average has risen from the previous average price target of $17.58.
Exploring Analyst Ratings: An In-Depth Overview
In examining recent analyst actions, we gain insights into how financial experts perceive Lyft. The following summary 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 |
|---|---|---|---|---|---|
| Ken Gawrelski | Wells Fargo | Lowers | Equal-Weight | $17.00 | $18.00 |
| John Blackledge | TD Cowen | Raises | Hold | $18.00 | $16.00 |
| Brian Nowak | Morgan Stanley | Raises | Equal-Weight | $18.00 | $17.00 |
| Steven Fox | Fox Advisors | Announces | Outperform | $20.00 | - |
| Eric Sheridan | Goldman Sachs | Raises | Neutral | $21.00 | $19.00 |
| Brad Erickson | RBC Capital | Maintains | Outperform | $24.00 | $24.00 |
| Brian Pitz | BMO Capital | Raises | Market Perform | $19.00 | $18.00 |
| Thomas Champion | Piper Sandler | Raises | Overweight | $24.00 | $23.00 |
| Rob Sanderson | Loop Capital | Announces | Buy | $20.00 | - |
| Michael Graham | Canaccord Genuity | Maintains | Buy | $23.00 | $23.00 |
| Scott Devitt | Wedbush | Raises | Neutral | $19.00 | $18.00 |
| Michael McGovern | B of A Securities | Raises | Buy | $20.00 | $15.00 |
| Eric Sheridan | Goldman Sachs | Raises | Neutral | $19.00 | $16.00 |
| Itay Michaeli | Citigroup | Raises | Neutral | $18.00 | $15.00 |
| Brad Erickson | RBC Capital | Raises | Outperform | $24.00 | $23.00 |
| Ross Sandler | Barclays | Raises | Equal-Weight | $20.00 | $17.00 |
| John Blackledge | TD Cowen | Raises | Hold | $16.00 | $14.00 |
| Nikhil Devnani | Bernstein | Raises | Market Perform | $19.00 | $15.00 |
| Thomas Champion | Piper Sandler | Raises | Overweight | $23.00 | $22.00 |
| Brian Pitz | BMO Capital | Raises | Market Perform | $18.00 | $15.00 |
| Daniel Ives | Wedbush | Raises | Neutral | $18.00 | $15.00 |
| Youssef Squali | Truist Securities | Raises | Hold | $18.00 | $15.00 |
| Tom White | DA Davidson | Raises | Neutral | $18.00 | $15.00 |
| Brian Nowak | Morgan Stanley | Raises | Equal-Weight | $13.00 | $12.00 |
| Ivan Feinseth | Tigress Financial | Raises | Buy | $24.00 | $22.00 |
| Ken Gawrelski | Wells Fargo | Raises | Equal-Weight | $18.00 | $15.00 |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Lyft. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' 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.
Get to Know Lyft Better
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.
Financial Insights: Lyft
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Growth: Over the 3 months period, Lyft showcased positive performance, achieving a revenue growth rate of 27.65% as of 31 March, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Industrials sector.
Net Margin: Lyft's net margin is impressive, surpassing industry averages. With a net margin of -2.47%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Lyft's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of -6.11%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): Lyft's ROA excels beyond industry benchmarks, reaching -0.68%. This signifies efficient management of assets and strong financial health.
Debt Management: Lyft's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 2.32.
Analyst Ratings: What Are They?
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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