Lyft (NASDAQ:LYFT – Get Free Report) had its price objective lifted by stock analysts at JPMorgan Chase & Co. from $17.00 to $18.00 in a report issued on Friday,Benzinga reports. The firm currently has a “neutral” rating on the ride-sharing company’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 26.01% from the stock’s current price.
Other equities research analysts have also recently issued reports about the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Lyft in a research report on Wednesday. Canaccord Genuity Group reduced their price objective on shares of Lyft from $19.00 to $16.00 and set a “hold” rating for the company in a research report on Wednesday, February 11th. DA Davidson lowered their price objective on shares of Lyft from $22.00 to $19.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 11th. Needham & Company LLC reaffirmed a “hold” rating on shares of Lyft in a research report on Wednesday, February 11th. Finally, Cantor Fitzgerald decreased their price target on Lyft from $21.00 to $14.00 and set a “neutral” rating for the company in a research report on Wednesday, February 11th. Nine research analysts have rated the stock with a Buy rating, twenty-two have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $19.32.
Check Out Our Latest Report on Lyft
Lyft Price Performance
Lyft (NASDAQ:LYFT – Get Free Report) last posted its quarterly earnings data on Thursday, May 7th. The ride-sharing company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.26). The firm had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.63 billion. Lyft had a negative return on equity of 3.79% and a net margin of 45.03%.The firm’s quarterly revenue was up 17.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.01 EPS. As a group, equities analysts anticipate that Lyft will post 0.66 EPS for the current fiscal year.
Lyft announced that its board has initiated a share repurchase plan on Tuesday, February 10th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the ride-sharing company to reacquire up to 15.1% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued.
Insider Transactions at Lyft
In other news, Director Jill Beggs sold 2,093 shares of Lyft stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $13.89, for a total transaction of $29,071.77. Following the sale, the director directly owned 32,185 shares in the company, valued at approximately $447,049.65. The trade was a 6.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Lindsay Catherine Llewellyn sold 23,661 shares of the company’s stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $13.30, for a total value of $314,691.30. Following the completion of the sale, the insider owned 696,850 shares in the company, valued at $9,268,105. This represents a 3.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 54,699 shares of company stock worth $771,756. 0.92% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. University of Texas Texas AM Investment Management Co. bought a new position in Lyft in the 4th quarter valued at approximately $26,000. Quent Capital LLC purchased a new position in shares of Lyft in the third quarter valued at about $34,000. Bessemer Group Inc. boosted its holdings in shares of Lyft by 1,851.9% during the 1st quarter. Bessemer Group Inc. now owns 2,635 shares of the ride-sharing company’s stock valued at $35,000 after buying an additional 2,500 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in shares of Lyft in the fourth quarter worth $40,000. Finally, Huntington National Bank increased its holdings in shares of Lyft by 171.8% during the fourth quarter. Huntington National Bank now owns 2,174 shares of the ride-sharing company’s stock valued at $42,000 after acquiring an additional 1,374 shares in the last quarter. Institutional investors own 83.07% of the company’s stock.
Key Lyft News
Here are the key news stories impacting Lyft this week:
- Positive Sentiment: Company beat revenue and gross‑bookings estimates (Q1 revenue $1.65B; bookings up double digits) and reported year‑over‑year growth across key metrics, giving investors evidence of demand resilience. Lyft Reports Strong Q1 2026 Financial Results
- Positive Sentiment: Management guided Q2 gross bookings and adjusted core profit above Street estimates and signaled >30% adjusted EBITDA expansion as it completes the Gett U.K. acquisition — guidance that helps explain the later intraday rebound. Lyft signals strong bookings after winter storms dent first-quarter rides
- Positive Sentiment: Strategic moves — closing Gett U.K. and continued investment in AV/driver products — are highlighted as drivers of margin expansion and longer‑term growth. Lyft expects ~20% gross bookings growth and >30% adjusted EBITDA expansion as it
- Neutral Sentiment: CEO David Risher said winter storms materially reduced Q1 ride volumes — an explanation that tempers the headline EPS miss but leaves room for debate on durability of demand. Lyft CEO Reveals Why Winter Storms Tanked Q1 Results
- Neutral Sentiment: Industry context: coverage notes both Uber and Lyft have shifted competitive dynamics, which may reduce aggressive price wars but also compress margin upside potential. Uber and Lyft Stopped Competing and Started Thriving
- Negative Sentiment: Reported GAAP EPS ($0.04) missed consensus by a wide margin and total rides were weaker than expected, triggering initial profit‑taking and raising near‑term growth concerns. LYFT Q1 Earnings Miss Estimates, Revenues Increase Y/Y
- Negative Sentiment: Analyst skepticism persists — Bank of America reiterated a Sell rating citing competitive and margin pressures, which could limit near‑term upside. Lyft: Sell Rating Reiterated as Competitive and Margin Pressures Persist; $17 Price Target Maintained
- Negative Sentiment: Ongoing legal exposure from recent assault‑related litigation remains a tail risk; investors should watch for developments that could increase costs or reputational damage. Motley Rice files suit vs. Lyft: Rideshare co. in crosshairs over assault claims
About Lyft
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.
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