21 Analysts Have This To Say About Lyft

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21 analysts have shared their evaluations of Lyft LYFT during the recent three months, expressing a mix of bullish and bearish perspectives.

The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.

Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish
Total Ratings 6 1 14 0 0
Last 30D 0 0 1 0 0
1M Ago 2 0 2 0 0
2M Ago 0 0 0 0 0
3M Ago 4 1 11 0 0

Insights from analysts' 12-month price targets are revealed, presenting an average target of $18.9, a high estimate of $26.00, and a low estimate of $14.00. Surpassing the previous average price target of $16.02, the current average has increased by 17.98%.

price target chart

Interpreting Analyst Ratings: A Closer Look

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
Lloyd Walmsley UBS Lowers Neutral $16.00 $18.00
Michael McGovern B of A Securities Lowers Buy $19.00 $21.00
Ken Gawrelski Wells Fargo Lowers Equal-Weight $14.00 $17.00
Scott Devitt Wedbush Lowers Neutral $18.00 $20.00
Michael Ward Benchmark Maintains Buy $20.00 $20.00
Rob Sanderson Loop Capital Raises Buy $23.00 $16.00
Ivan Feinseth Tigress Financial Raises Buy $26.00 $24.00
Shyam Patil Susquehanna Raises Neutral $18.00 $10.00
Ross Sandler Barclays Raises Equal-Weight $20.00 $14.00
John Blackledge TD Cowen Raises Hold $18.00 $16.00
Tom White DA Davidson Raises Neutral $16.00 $11.00
Brian Nowak Morgan Stanley Raises Equal-Weight $18.00 $16.50
Michael Graham Canaccord Genuity Raises Buy $22.00 $18.00
Michael McGovern B of A Securities Raises Buy $19.00 $16.00
Brian Pitz BMO Capital Raises Market Perform $18.00 $13.00
Rohit Kulkarni Roth MKM Raises Neutral $16.00 $13.00
Lloyd Walmsley UBS Raises Neutral $18.00 $13.00
Deepak Mathivanan Cantor Fitzgerald Raises Neutral $16.00 $13.00
Thomas Champion Piper Sandler Raises Overweight $23.00 $17.00
Youssef Squali Truist Securities Raises Hold $20.00 $13.00
Mark Mahaney Evercore ISI Group Raises In-Line $19.00 $17.00

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: 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: Understanding forecasts, analysts offer estimates for Lyft's future value. Examining the current and prior targets provides insight into analysts' changing expectations.

Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Lyft's market standing. Stay informed and make data-driven decisions with our Ratings Table.

Stay up to date on Lyft analyst ratings.

Get to Know Lyft Better

Lyft is the second-largest ride-hailing service provider in the us and Canada, connecting riders and drivers over the Lyft app. Incorporated in 2013 and public since 2019, Lyft offers a variety of rides via private vehicles, including traditional private rides, shared rides, and luxury ones. Besides ride-hailing, Lyft has entered the bike- and scooter-share market to bring multimodal transportation options to users.

Lyft: Delving into Financials

Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.

Revenue Growth: Lyft displayed positive results in 3 months. As of 30 September, 2024, the company achieved a solid revenue growth rate of approximately 31.54%. This indicates a notable increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Industrials sector.

Net Margin: Lyft's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of -0.82%, the company showcases strong profitability and effective cost management.

Return on Equity (ROE): Lyft's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of -2.01%, the company showcases efficient use of equity capital and strong financial health.

Return on Assets (ROA): Lyft's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of -0.24%, the company may face hurdles in achieving optimal financial returns.

Debt Management: Lyft's debt-to-equity ratio is below the industry average. With a ratio of 1.75, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.

The Basics of Analyst Ratings

Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and 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.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.

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