Lyft (NASDAQ:LYFT) Price Target Cut to $18.00 by Analysts at Truist Financial

Lyft (NASDAQ:LYFT) had its price target lowered by stock analysts at Truist Financial from $23.00 to $18.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “hold” rating on the ride-sharing company’s stock. Truist Financial’s price objective would suggest a potential upside of 6.82% from the company’s current price.

Other equities research analysts have also issued reports about the stock. Benchmark reissued a “buy” rating on shares of Lyft in a report on Tuesday, October 28th. Jefferies Financial Group reduced their price objective on Lyft from $23.00 to $22.00 and set a “hold” rating for the company in a research note on Thursday, December 11th. Wedbush lowered Lyft from a “neutral” rating to an “underperform” rating and dropped their target price for the company from $20.00 to $16.00 in a research report on Friday, December 19th. Zephirin Group raised their target price on shares of Lyft from $15.00 to $18.00 and gave the stock a “hold” rating in a report on Thursday, November 6th. Finally, Susquehanna boosted their price target on Lyft from $14.00 to $24.00 and gave the company a “neutral” rating in a report on Friday, November 7th. Ten investment analysts have rated the stock with a Buy rating, twenty-two have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $22.03.

Lyft Stock Performance

LYFT stock opened at $16.85 on Wednesday. Lyft has a one year low of $9.66 and a one year high of $25.54. The firm has a market cap of $6.73 billion, a price-to-earnings ratio of 44.34, a PEG ratio of 1.03 and a beta of 1.93. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.72 and a current ratio of 0.72. The firm has a 50-day simple moving average of $19.04 and a two-hundred day simple moving average of $19.08.

Lyft declared that its board has authorized a share buyback program on Tuesday, February 10th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the ride-sharing company to purchase up to 15.1% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its stock is undervalued.

Insiders Place Their Bets

In other news, CAO Stephen W. Hope sold 4,800 shares of the business’s stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $22.30, for a total transaction of $107,040.00. Following the completion of the sale, the chief accounting officer owned 311,909 shares of the company’s stock, valued at $6,955,570.70. The trade was a 1.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director David Lawee sold 6,578 shares of the company’s stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $22.55, for a total transaction of $148,333.90. Following the transaction, the director owned 104,460 shares of the company’s stock, valued at approximately $2,355,573. This trade represents a 5.92% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 187,443 shares of company stock valued at $4,178,618. 3.07% of the stock is owned by company insiders.

Hedge Funds Weigh In On Lyft

Several hedge funds and other institutional investors have recently made changes to their positions in LYFT. AQR Capital Management LLC increased its position in shares of Lyft by 144.9% during the second quarter. AQR Capital Management LLC now owns 24,009,925 shares of the ride-sharing company’s stock worth $378,396,000 after purchasing an additional 14,205,143 shares in the last quarter. Norges Bank purchased a new position in Lyft in the 4th quarter valued at $109,987,000. Swedbank AB acquired a new stake in Lyft during the 4th quarter worth $108,472,000. Los Angeles Capital Management LLC grew its holdings in shares of Lyft by 415.2% during the second quarter. Los Angeles Capital Management LLC now owns 3,714,935 shares of the ride-sharing company’s stock worth $58,547,000 after buying an additional 2,993,807 shares in the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of Lyft by 479.1% in the third quarter. Victory Capital Management Inc. now owns 3,580,564 shares of the ride-sharing company’s stock valued at $78,808,000 after buying an additional 2,962,266 shares during the last quarter. Hedge funds and other institutional investors own 83.07% of the company’s stock.

Key Headlines Impacting Lyft

Here are the key news stories impacting Lyft this week:

• Positive Sentiment: Board authorizes $1.0 billion share buyback (up to ~15.1% of outstanding stock), a clear signal management believes LYFT is undervalued and it boosts buyback-driven EPS support and demand for shares. RTT News
• Positive Sentiment: Company reported record Q4 and full-year 2025 results in a corporate release, highlighting improved revenue and cash balances that management frames as part of a “comeback” story and sets expectations for transformational 2026 initiatives. Business Wire
• Positive Sentiment: Product expansion: Lyft launched teen accounts nationwide (rolled out in Atlanta and other cities) to broaden its addressable market and add recurring riders, a potential long-term growth lever if adoption ramps. WABE
• Neutral Sentiment: Management reiterated plans to increase autonomous vehicle (AV) deployments in 2026 — a strategic, capital-intensive shift that could lower operating costs over time but carries execution and near-term cost risk. MarketWatch
• Negative Sentiment: Q4 results disappointed on several operating metrics: revenue and active riders/ride counts missed Street estimates, and Lyft reported an unexpected operating loss for 2025 — headlines that triggered a large intraday sell-off when results released. Business Insider
• Negative Sentiment: Company lowered near-term tone for 2026 amid storm-related impacts and a mixed outlook, prompting analyst revisions and press skepticism about growth re-acceleration. That guidance uncertainty pressured shares despite the buyback. MarketWatch
• Negative Sentiment: Reputational/safety headwinds: two Lyft drivers were killed in Cleveland in separate attacks within 36 hours, a development that can raise regulatory, insurance and rider-safety concerns. MSN

Lyft Company Profile

Lyft, Inc (NASDAQ: LYFT) operates a peer-to-peer ridesharing platform that connects passengers with drivers through a mobile application. Since its founding in 2012, the company has expanded beyond traditional ride-hailing to include bike and electric scooter rentals, while also offering rental cars and public transit options in select markets. Lyft’s platform uses GPS mapping and dynamic pricing algorithms to optimize driver-passenger matches and route efficiency.

Headquartered in San Francisco, California, Lyft primarily serves urban and suburban markets across the United States and Canada.