Lyft (NASDAQ:LYFT) Price Target Raised to $19.00

Lyft (NASDAQ:LYFT) had its price target upped by equities researchers at JPMorgan Chase & Co. from $18.00 to $19.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the ride-sharing company’s stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 11.93% from the stock’s current price.

Other equities analysts have also recently issued research reports about the stock. Royal Bank Of Canada reduced their price target on shares of Lyft from $22.00 to $18.00 and set an “outperform” rating on the stock in a research report on Friday, May 8th. BTIG Research raised Lyft from a “neutral” rating to a “buy” rating in a research report on Wednesday, June 17th. William Blair cut shares of Lyft to a “market perform” rating in a research note on Wednesday, June 17th. Bank of America upgraded Lyft from an “underperform” rating to a “buy” rating in a report on Friday. Finally, Canaccord Genuity Group decreased their target price on Lyft from $16.00 to $15.00 and set a “hold” rating for the company in a research report on Friday, May 8th. Thirteen equities research analysts have rated the stock with a Buy rating, twenty-two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $19.47.

Lyft Price Performance

NASDAQ:LYFT traded up $0.68 during trading hours on Friday, hitting $16.98. 9,434,256 shares of the company’s stock traded hands, compared to its average volume of 15,104,869. The business’s fifty day simple moving average is $14.88 and its two-hundred day simple moving average is $14.53. Lyft has a 52 week low of $12.46 and a 52 week high of $25.54. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.33. The firm has a market cap of $6.45 billion, a P/E ratio of 2.48, a P/E/G ratio of 0.98 and a beta of 1.80.

Lyft (NASDAQ:LYFT) last announced its quarterly earnings results on Thursday, August 6th. The ride-sharing company reported $0.13 earnings per share (EPS) 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 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 EPS. The firm’s revenue for the quarter was up 16.1% on a year-over-year basis. On average, research analysts anticipate that Lyft will post 0.69 earnings per share for the current fiscal year.

Insider Buying and Selling at Lyft

In other news, CFO Erin Brewer sold 15,000 shares of Lyft stock in a transaction on Friday, June 12th. The stock was sold at an average price of $13.59, for a total transaction of $203,850.00. Following the transaction, the chief financial officer owned 705,979 shares in the company, valued at $9,594,254.61. The trade was a 2.08% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Lindsay Catherine Llewellyn sold 36,214 shares of the business’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $16.14, for a total transaction of $584,493.96. Following the transaction, the insider directly owned 817,517 shares in the company, valued at approximately $13,194,724.38. The trade was a 4.24% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 81,749 shares of company stock worth $1,221,950. Company insiders own 0.92% of the company’s stock.

Institutional Trading of Lyft

Several hedge funds have recently made changes to their positions in LYFT. University of Texas Texas AM Investment Management Co. acquired a new position in Lyft in the fourth quarter valued at approximately $26,000. Plato Investment Management Ltd purchased a new position in shares of Lyft during the 2nd quarter worth $27,000. Boreal Capital Management LLC acquired a new stake in shares of Lyft during the 1st quarter worth about $31,000. Bessemer Group Inc. raised its position 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 valued at $35,000 after purchasing an additional 2,500 shares during the period. Finally, International Assets Investment Management LLC purchased a new position in Lyft during the 4th quarter valued at about $40,000. Hedge funds and other institutional investors own 83.07% of the company’s stock.

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.