Index Options
CME Group
Nasdaq
Cboe
TradingView
Wall Street JournalThe Analyst Landscape: 22 Takes On Lyft
Lyft (NASDAQ:LYFT) underwent analysis by 22 analysts in the last quarter, revealing a spectrum of viewpoints 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 | 1 | 19 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 0 | 0 | 2 | 0 | 0 |
| 2M Ago | 1 | 0 | 2 | 0 | 0 |
| 3M Ago | 1 | 1 | 14 | 0 | 0 |
Analysts have set 12-month price targets for Lyft, revealing an average target of $13.55, a high estimate of $18.00, and a low estimate of $10.00. A negative shift in sentiment is evident as analysts have decreased the average price target by 23.01%.
Deciphering Analyst Ratings: An In-Depth Analysis
A comprehensive examination of how financial experts perceive Lyft is derived from recent analyst actions. The following is a detailed summary of 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 | Raises | Neutral | $13.00 | $12.00 |
| Deepak Mathivanan | Cantor Fitzgerald | Maintains | Neutral | $13.00 | $13.00 |
| Deepak Mathivanan | Cantor Fitzgerald | Maintains | Neutral | $13.00 | $13.00 |
| Deepak Mathivanan | Cantor Fitzgerald | Announces | Neutral | $13.00 | - |
| Rob Sanderson | Loop Capital | Lowers | Buy | $16.00 | $20.00 |
| Anindya Das | Nomura | Lowers | Neutral | $13.00 | $15.00 |
| Rohit Kulkarni | Roth MKM | Lowers | Neutral | $13.00 | $19.00 |
| Brad Erickson | RBC Capital | Lowers | Outperform | $17.00 | $24.00 |
| Itay Michaeli | Citigroup | Lowers | Neutral | $10.00 | $18.00 |
| Ross Sandler | Barclays | Lowers | Equal-Weight | $14.00 | $20.00 |
| John Blackledge | TD Cowen | Lowers | Hold | $15.00 | $18.00 |
| Benjamin Black | Deutsche Bank | Lowers | Hold | $11.00 | $15.00 |
| Doug Anmuth | JP Morgan | Lowers | Neutral | $15.00 | $18.00 |
| Brian Pitz | BMO Capital | Lowers | Market Perform | $13.00 | $19.00 |
| Lloyd Walmsley | UBS | Lowers | Neutral | $12.00 | $15.00 |
| Scott Devitt | Wedbush | Lowers | Neutral | $12.00 | $19.00 |
| Ken Gawrelski | Wells Fargo | Lowers | Equal-Weight | $12.00 | $17.00 |
| Mark Mahaney | Evercore ISI Group | Lowers | In-Line | $17.00 | $18.00 |
| Youssef Squali | Truist Securities | Lowers | Hold | $13.00 | $18.00 |
| Shyam Patil | Susquehanna | Lowers | Neutral | $10.00 | $18.00 |
| Michael Graham | Canaccord Genuity | Lowers | Buy | $18.00 | $23.00 |
| Conor Cunningham | Melius Research | Announces | Hold | $15.00 | - |
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: 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.
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Lyft's market standing. Stay informed and make well-considered 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.
Lyft: Delving into Financials
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by 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 40.64% as of 30 June, 2024. This reflects a substantial increase in the company's top-line earnings. When compared to others in the Industrials sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: Lyft's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 0.35%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Lyft's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 0.94% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Lyft's ROA stands out, surpassing industry averages. With an impressive ROA of 0.1%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 2.01.
The Basics of Analyst Ratings
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.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro.
Breaking: Wall Street's Next Big Mover
Benzinga's #1 analyst just identified a stock poised for explosive growth. This under-the-radar company could surge 200%+ as major market shifts unfold. Click here for urgent details.
This article was generated by Benzinga's automated content engine and reviewed by an editor.