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Wall Street JournalBreaking Down Lyft: 21 Analysts Share Their Views
21 analysts have expressed a variety of opinions on Lyft (NASDAQ:LYFT) over the past quarter, offering a diverse set of opinions from bullish to bearish.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 3 | 4 | 14 | 0 | 0 |
| Last 30D | 0 | 0 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 2 | 0 | 0 |
| 2M Ago | 1 | 1 | 2 | 0 | 0 |
| 3M Ago | 2 | 3 | 10 | 0 | 0 |
Analysts have recently evaluated Lyft and provided 12-month price targets. The average target is $16.83, accompanied by a high estimate of $21.00 and a low estimate of $13.00. Observing a downward trend, the current average is 10.05% lower than the prior average price target of $18.71.
Deciphering Analyst Ratings: An In-Depth Analysis
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 |
|---|---|---|---|---|---|
| Brian Nowak | Morgan Stanley | Lowers | Equal-Weight | $15.00 | $17.00 |
| Tom White | DA Davidson | Maintains | Neutral | $15.00 | $15.00 |
| Doug Anmuth | JP Morgan | Lowers | Neutral | $14.00 | $16.00 |
| Ken Gawrelski | Wells Fargo | Lowers | Equal-Weight | $13.00 | $14.00 |
| Rob Sanderson | Loop Capital | Lowers | Buy | $20.00 | $23.00 |
| Brad Erickson | RBC Capital | Maintains | Outperform | $21.00 | $21.00 |
| Brad Erickson | RBC Capital | Maintains | Outperform | $21.00 | $21.00 |
| Shyam Patil | Susquehanna | Lowers | Neutral | $15.00 | $18.00 |
| Tom White | DA Davidson | Lowers | Neutral | $15.00 | $16.00 |
| Youssef Squali | Truist Securities | Lowers | Hold | $17.00 | $20.00 |
| Lloyd Walmsley | UBS | Lowers | Neutral | $15.00 | $16.00 |
| Brad Erickson | RBC Capital | Lowers | Outperform | $21.00 | $24.00 |
| Scott Devitt | Wedbush | Lowers | Neutral | $16.00 | $18.00 |
| Brian Pitz | BMO Capital | Lowers | Market Perform | $15.00 | $18.00 |
| Doug Anmuth | JP Morgan | Lowers | Neutral | $16.00 | $19.00 |
| Thomas Champion | Piper Sandler | Lowers | Overweight | $18.00 | $23.00 |
| Deepak Mathivanan | Cantor Fitzgerald | Lowers | Neutral | $14.00 | $15.00 |
| Mark Mahaney | Evercore ISI Group | Lowers | In-Line | $15.00 | $19.00 |
| Ross Sandler | Barclays | Lowers | Equal-Weight | $19.00 | $20.00 |
| Michael McGovern | B of A Securities | Lowers | Buy | $17.50 | $21.00 |
| Michael McGovern | B of A Securities | Raises | Buy | $21.00 | $19.00 |
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: 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: Gaining insights, analysts provide estimates for the future value of Lyft's stock. This comparison reveals trends in analysts' expectations over time.
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 and public since 2019, Lyft offers a variety of rides via private vehicles, including traditional private rides, shared rides, and luxury ones. Besides ride-share, Lyft has entered the bike- and scooter-share market to bring multimodal transportation options to users.
Financial Milestones: Lyft's Journey
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: Lyft displayed positive results in 3M. As of 31 December, 2024, the company achieved a solid revenue growth rate of approximately 26.6%. This indicates a notable 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 3.98%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Lyft's ROE stands out, surpassing industry averages. With an impressive ROE of 8.68%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): Lyft's ROA stands out, surpassing industry averages. With an impressive ROA of 1.15%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: Lyft's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 1.53.
The Basics of Analyst Ratings
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.