Lyft (NASDAQ:LYFT) Price Target Raised to $17.00 at Cantor Fitzgerald

Lyft (NASDAQ:LYFT) had its price objective upped by Cantor Fitzgerald from $14.00 to $17.00 in a research note published on Friday morning, MarketBeat Ratings reports. They currently have a neutral rating on the ride-sharing company’s stock.

A number of other brokerages have also recently weighed in on LYFT. William Blair cut shares of Lyft to a “market perform” rating in a research report on Wednesday, June 17th. Royal Bank Of Canada decreased their target price on Lyft from $22.00 to $18.00 and set an “outperform” rating for the company in a research report on Friday, May 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of Lyft in a report on Monday. Guggenheim reiterated a “buy” rating on shares of Lyft in a research note on Wednesday, June 10th. Finally, Truist Financial boosted their target price on shares of Lyft from $15.00 to $16.00 and gave the stock a “hold” rating in a research report on Friday, May 8th. Thirteen research analysts have rated the stock with a Buy rating, twenty-two have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $19.57.

Lyft Stock Up 7.1%

LYFT 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 has a 50 day moving average price of $14.95 and a 200 day moving average price of $14.55. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.58 and a current ratio of 0.58. The company has a market cap of $6.63 billion, a PE ratio of 2.54, a price-to-earnings-growth ratio of 0.97 and a beta of 1.80.

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

Insiders Place Their Bets

In other news, insider Lindsay Catherine Llewellyn sold 36,214 shares of the stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $16.14, for a total transaction of $584,493.96. Following the completion of the transaction, the insider directly owned 817,517 shares in the company, valued at approximately $13,194,724.38. This represents a 4.24% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Stephen W. Hope sold 5,460 shares of the firm’s stock in a transaction that occurred 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 sale, the chief accounting officer directly owned 335,463 shares of the company’s stock, valued at $4,615,970.88. The trade was a 1.60% 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 have sold 81,749 shares of company stock worth $1,221,950 in the last quarter. Company insiders own 0.92% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. University of Texas Texas AM Investment Management Co. acquired a new position in Lyft in the fourth quarter worth about $26,000. Plato Investment Management Ltd bought a new position in Lyft during the second quarter worth $27,000. Boreal Capital Management LLC bought a new position in Lyft during the first quarter worth $31,000. Bessemer Group Inc. boosted its holdings in Lyft by 1,851.9% in the first quarter. Bessemer Group Inc. now owns 2,635 shares of the ride-sharing company’s stock worth $35,000 after purchasing an additional 2,500 shares during the period. Finally, International Assets Investment Management LLC acquired a new position in Lyft in the fourth quarter worth $40,000. 83.07% of the stock is owned by institutional investors and hedge funds.

Key Lyft News

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

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.