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Lyft Inc has a consensus price target of $15.73 based on the ratings of 37 analysts. The high is $24 issued by Piper Sandler on June 7, 2024. The low is $10 issued by Citigroup on August 8, 2024. The 3 most-recent analyst ratings were released by Cantor Fitzgerald, Cantor Fitzgerald, and Loop Capital on September 23, 2024, September 5, 2024, and September 3, 2024, respectively. With an average price target of $14 between Cantor Fitzgerald, Cantor Fitzgerald, and Loop Capital, there's an implied 10.32% upside for Lyft Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Lyft (NASDAQ:LYFT) was reported by Cantor Fitzgerald on September 23, 2024. The analyst firm set a price target for $13.00 expecting LYFT to rise to within 12 months (a possible 2.44% upside). 77 analyst firms have reported ratings in the last year.
The latest analyst rating for Lyft (NASDAQ:LYFT) was provided by Cantor Fitzgerald, and Lyft reiterated their neutral rating.
The last upgrade for Lyft Inc happened on August 23, 2024 when Nomura raised their price target to $13. Nomura previously had a reduce for Lyft Inc.
The last downgrade for Lyft Inc happened on January 11, 2024 when Goldman Sachs changed their price target from $12 to $15 for Lyft Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Lyft, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Lyft was filed on September 23, 2024 so you should expect the next rating to be made available sometime around September 23, 2025.
While ratings are subjective and will change, the latest Lyft (LYFT) rating was a reiterated with a price target of $13.00 to $13.00. The current price Lyft (LYFT) is trading at is $12.69, which is out of the analyst’s predicted range.
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