Lyft (NASDAQ:LYFT) Given New $20.00 Price Target at Royal Bank Of Canada

Lyft (NASDAQ:LYFT) had its target price raised by Royal Bank Of Canada from $18.00 to $20.00 in a report published on Friday morning,Benzinga reports. Royal Bank Of Canada currently has an outperform rating on the ride-sharing company’s stock.

Other equities research analysts also recently issued research reports about the stock. DA Davidson reduced their price target on shares of Lyft from $19.00 to $14.50 and set a “neutral” rating for the company in a research report on Monday, May 18th. Jefferies Financial Group increased their target price on Lyft from $15.00 to $15.50 and gave the company a “hold” rating in a research note on Tuesday, July 14th. Bank of America upgraded Lyft from an “underperform” rating to a “buy” rating in a research note on Friday. Zacks Research raised Lyft from a “strong sell” rating to a “hold” rating in a research report on Wednesday. Finally, Tigress Financial reaffirmed a “buy” rating and issued a $28.00 target price on shares of Lyft in a research report on Wednesday, June 24th. Thirteen research analysts have rated the stock with a Buy rating, twenty-two have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $19.57.

Lyft Stock Performance

Shares of Lyft stock opened at $17.46 on Friday. Lyft has a 1 year low of $12.46 and a 1 year high of $25.54. The firm’s 50-day moving average is $14.95 and its 200 day moving average is $14.55. The stock has a market cap of $6.63 billion, a price-to-earnings ratio of 2.54, a PEG ratio of 0.97 and a beta of 1.80. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.58 and a quick ratio of 0.58.

Lyft (NASDAQ:LYFT) last released its quarterly earnings data on Thursday, August 6th. The ride-sharing company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.01). The firm had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.81 billion. Lyft had a net margin of 42.32% and a negative return on equity of 1.30%. The firm’s revenue for the quarter was up 16.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.10 earnings per share. Sell-side analysts anticipate that Lyft will post 0.69 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Erin Brewer sold 15,000 shares of the company’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $13.59, for a total value of $203,850.00. Following the completion of the transaction, the chief financial officer owned 705,979 shares of the company’s stock, valued at $9,594,254.61. This represents a 2.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jill Beggs sold 2,093 shares of Lyft stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $13.76, for a total value of $28,799.68. Following the sale, the director directly owned 30,092 shares in the company, valued at $414,065.92. This trade represents a 6.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 81,749 shares of company stock worth $1,221,950. 0.92% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Lyft

Institutional investors and hedge funds have recently modified their holdings of the stock. Strs Ohio boosted its position in shares of Lyft by 4,527.6% during the 4th quarter. Strs Ohio now owns 440,405 shares of the ride-sharing company’s stock valued at $8,531,000 after acquiring an additional 430,888 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Lyft by 58.0% in the first quarter. Dimensional Fund Advisors LP now owns 6,720,478 shares of the ride-sharing company’s stock worth $89,360,000 after purchasing an additional 2,467,010 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Lyft by 36.6% during the first quarter. Bank of New York Mellon Corp now owns 2,289,671 shares of the ride-sharing company’s stock valued at $30,453,000 after purchasing an additional 613,494 shares in the last quarter. West Tower Group LLC grew its stake in shares of Lyft by 207.6% in the 1st quarter. West Tower Group LLC now owns 138,432 shares of the ride-sharing company’s stock worth $1,841,000 after buying an additional 93,432 shares in the last quarter. Finally, OP Asset Management Ltd purchased a new position in shares of Lyft in the 1st quarter worth $992,000. Institutional investors own 83.07% of the company’s stock.

Lyft News Summary

Here are the key news stories impacting Lyft this week:

• Positive Sentiment: Record demand and bookings: Second-quarter gross bookings rose 23% year over year to $5.5 billion, revenue increased 16% to $1.84 billion, and active riders and rides reached records of 30.5 million and 262 million, respectively. Growth was supported by higher-value rides, international expansion and partnerships. Reuters article
• Positive Sentiment: Improving profitability: Adjusted EBITDA climbed 37% to $177.2 million, while the adjusted EBITDA margin improved to 3.2% of bookings from 2.9% a year earlier. Lyft also had $850 million remaining under its 2026 share-repurchase authorization as of June 30, potentially supporting per-share value. Seeking Alpha article
• Positive Sentiment: Constructive near-term outlook: Lyft forecast third-quarter gross bookings of approximately $5.50 billion to $5.67 billion, slightly above expectations, suggesting demand remains resilient even as growth moderates. Several analysts raised targets, including RBC to $20, Piper Sandler to $21 and JPMorgan to $19. RBC price-target article

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.