Lyft (NASDAQ:LYFT) Given New $19.00 Price Target at JPMorgan Chase & Co.

Lyft (NASDAQ:LYFT) had its price objective hoisted by investment analysts at JPMorgan Chase & Co. from $18.00 to $19.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the ride-sharing company’s stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 11.93% from the stock’s current price.

LYFT has been the topic of several other research reports. Canaccord Genuity Group reduced their target price on shares of Lyft from $16.00 to $15.00 and set a “hold” rating on the stock in a research note on Friday, May 8th. Royal Bank Of Canada decreased their price objective on shares of Lyft from $22.00 to $18.00 and set an “outperform” rating on the stock in a research note on Friday, May 8th. Sanford C. Bernstein began coverage on shares of Lyft in a report on Wednesday, June 17th. They set an “underperform” rating for the company. Citigroup began coverage on shares of Lyft in a research note on Wednesday, June 17th. They issued a “buy” rating for the company. Finally, William Blair downgraded Lyft to a “market perform” rating in a report on Wednesday, June 17th. Thirteen investment analysts have rated the stock with a Buy rating, twenty-two have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $19.47.

Lyft Price Performance

Shares of Lyft stock traded up $0.68 during midday trading on Friday, hitting $16.98. 9,434,256 shares of the company were exchanged, compared to its average volume of 15,104,869. The firm has a 50 day simple moving average of $14.88 and a 200-day simple moving average of $14.53. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.58 and a quick ratio of 0.58. The firm has a market cap of $6.45 billion, a P/E ratio of 2.48, a PEG ratio of 0.98 and a beta of 1.80. Lyft has a 52 week low of $12.46 and a 52 week high of $25.54.

Lyft (NASDAQ:LYFT) last announced its quarterly earnings results 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). Lyft had a net margin of 43.82% and a negative return on equity of 2.09%. The company had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter last year, the company earned $0.10 earnings per share. The business’s revenue was up 16.1% on a year-over-year basis. Research analysts forecast that Lyft will post 0.69 earnings per share for the current year.

Insider Transactions at Lyft

In other news, CAO Stephen W. Hope sold 5,460 shares of the business’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $13.76, for a total transaction of $75,129.60. Following the completion of the sale, the chief accounting officer owned 335,463 shares in the company, valued at $4,615,970.88. The trade was a 1.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jill Beggs sold 2,093 shares of the company’s stock in a transaction 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 transaction, 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. Insiders sold a total of 81,749 shares of company stock valued at $1,221,950 over the last quarter. Corporate insiders own 0.92% of the company’s stock.

Hedge Funds Weigh In On Lyft

Large investors have recently bought and sold shares of the business. Plato Investment Management Ltd acquired a new stake in shares of Lyft in the second quarter valued at approximately $27,000. Handelsbanken Fonder AB grew its stake in shares of Lyft by 13.0% in the second quarter. Handelsbanken Fonder AB now owns 115,100 shares of the ride-sharing company’s stock worth $1,682,000 after purchasing an additional 13,200 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in Lyft by 27.7% in the second quarter. Assenagon Asset Management S.A. now owns 240,455 shares of the ride-sharing company’s stock valued at $3,513,000 after acquiring an additional 52,229 shares during the last quarter. GAMMA Investing LLC increased its position in Lyft by 84.9% during the 2nd quarter. GAMMA Investing LLC now owns 12,632 shares of the ride-sharing company’s stock valued at $185,000 after purchasing an additional 5,801 shares during the period. Finally, Redwood Investment Management LLC raised its position in shares of Lyft by 41.9% in the 1st quarter. Redwood Investment Management LLC now owns 80,632 shares of the ride-sharing company’s stock worth $1,072,000 after acquiring an additional 23,812 shares in the last quarter. 83.07% of the stock is currently owned by institutional investors and hedge funds.

Lyft News Roundup

Here are the key news stories impacting Lyft this week:

• Positive Sentiment: Revenue and demand exceeded expectations. Lyft reported second-quarter revenue of approximately $1.84 billion, above the $1.81 billion consensus estimate, with revenue up 16.1% year over year. Gross bookings reached a record $5.5 billion, while rides and active riders also set records. Growth was supported by higher-value rides, international expansion and partnerships. Reuters article
• Positive Sentiment: Management provided a constructive outlook. Lyft forecast current-quarter gross bookings growth of 15% to 19%, described demand as steady and highlighted customer-focused initiatives as drivers of profitable growth. The outlook was viewed as slightly above expectations, helping support the stock’s post-earnings move. Seeking Alpha article
• Positive Sentiment: Analyst sentiment improved at the margin. Zacks Research upgraded Lyft from “strong sell” to “hold,” while Cantor Fitzgerald raised its price target from $14 to $17. These actions signal reduced downside risk, although Cantor retained a neutral rating.
• Neutral Sentiment: Analysts remain cautious on profitability. Evercore ISI reiterated a Hold rating, citing strong demand momentum but slower progress on margins. The broader analyst consensus remains Hold, indicating that investors may want clearer evidence of sustained margin expansion before assigning Lyft a higher valuation. TipRanks article
• Negative Sentiment: Profitability fell short of expectations. Lyft’s quarterly EPS missed consensus estimates, with increased promotional spending cited as a factor. The earnings shortfall and higher incentives could pressure margins even as revenue and ridership grow. Benzinga article
• Negative Sentiment: Growth is expected to moderate. The 15%–19% bookings-growth forecast is slower than the latest quarterly pace, raising concerns that Lyft may need continued promotions to defend market share. An insider’s sale of 36,214 shares under a pre-arranged Rule 10b5-1 plan is a minor additional overhang, though it does not necessarily indicate a change in business prospects.

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.