Unveiling 25 Analyst Insights On Lyft

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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.

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