Ratings for Lyft LYFT were provided by 25 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 2 | 5 | 18 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 1 | 2 | 9 | 0 | 0 |
| 2M Ago | 0 | 1 | 1 | 0 | 0 |
| 3M Ago | 1 | 2 | 7 | 0 | 0 |
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $18.16, with a high estimate of $24.00 and a low estimate of $13.00. Marking an increase of 17.77%, the current average surpasses the previous average price target of $15.42.
Deciphering Analyst Ratings: An In-Depth Analysis
The analysis of recent analyst actions sheds light on the perception of Lyft by financial experts. 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 |
|---|---|---|---|---|---|
| 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 |
| 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 |
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: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Lyft compared to the broader market.
- Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Lyft's stock. This comparison reveals trends in analysts' expectations over time.
Capture valuable insights into Lyft's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with 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.
Lyft: Delving into Financials
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
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 its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in 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 -2.15%, 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 -5.21%, the company showcases efficient use of equity capital and strong financial health.
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 Core of Analyst Ratings: What Every Investor Should Know
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
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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