Lyft (NASDAQ:LYFT) Given New $18.00 Price Target at Wells Fargo & Company

Lyft (NASDAQ:LYFT) had its target price dropped by investment analysts at Wells Fargo & Company from $26.00 to $18.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the ride-sharing company’s stock. Wells Fargo & Company‘s price target points to a potential upside of 26.49% from the stock’s current price.

Other research analysts also recently issued research reports about the stock. Barclays decreased their price target on shares of Lyft from $27.00 to $20.00 and set an “equal weight” rating for the company in a research note on Wednesday. Piper Sandler reaffirmed an “overweight” rating on shares of Lyft in a research report on Wednesday. Royal Bank Of Canada boosted their target price on shares of Lyft from $21.00 to $27.00 and gave the stock an “outperform” rating in a research note on Thursday, November 6th. DA Davidson set a $22.00 price target on Lyft in a research note on Thursday, November 6th. Finally, Arete Research set a $20.00 price target on Lyft and gave the stock a “neutral” rating in a report on Wednesday, December 3rd. Ten 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’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $21.06.

Lyft Stock Down 15.5%

NASDAQ LYFT traded down $2.62 during trading hours on Wednesday, hitting $14.23. 22,311,031 shares of the company were exchanged, compared to its average volume of 13,824,316. The company has a 50 day moving average of $19.04 and a two-hundred day moving average of $19.08. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.76. The firm has a market cap of $5.68 billion, a price-to-earnings ratio of 37.28, a PEG ratio of 1.03 and a beta of 1.93. Lyft has a 52-week low of $9.66 and a 52-week high of $25.54.

Lyft declared that its board has approved a stock repurchase program on Tuesday, February 10th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the ride-sharing company to buy up to 15.1% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling

In other news, Director Prashant Aggarwal sold 96,900 shares of the stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $22.30, for a total value of $2,160,870.00. Following the completion of the sale, the director directly owned 874,369 shares of the company’s stock, valued at approximately $19,498,428.70. This represents a 9.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jill Beggs sold 1,466 shares of the firm’s stock in a transaction that occurred on Friday, November 28th. The stock was sold at an average price of $20.25, for a total transaction of $29,686.50. Following the transaction, the director owned 34,278 shares in the company, valued at approximately $694,129.50. This trade represents a 4.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 187,443 shares of company stock valued at $4,178,618 in the last 90 days. Company insiders own 3.07% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of LYFT. Bogart Wealth LLC boosted its stake in shares of Lyft by 1,242.2% during the second quarter. Bogart Wealth LLC now owns 2,161 shares of the ride-sharing company’s stock worth $34,000 after buying an additional 2,000 shares during the period. Quent Capital LLC purchased a new stake in Lyft during the 3rd quarter valued at approximately $34,000. International Assets Investment Management LLC acquired a new stake in Lyft during the 4th quarter worth approximately $40,000. Huntington National Bank lifted its position in Lyft by 171.8% during the 4th quarter. Huntington National Bank now owns 2,174 shares of the ride-sharing company’s stock worth $42,000 after acquiring an additional 1,374 shares during the period. Finally, Abich Financial Wealth Management LLC purchased a new position in shares of Lyft in the 3rd quarter valued at approximately $50,000. 83.07% of the stock is currently owned by institutional investors and hedge funds.

Lyft News Summary

Here are the key news stories impacting Lyft this week:

• Positive Sentiment: Board-authorized $1.0 billion share repurchase (up to ~15% of shares outstanding), a clear signal management views the stock as undervalued and a direct source of support for the equity. RTT News: Stock Buybacks
• Positive Sentiment: Company and management highlight “record” Q4 and full‑year 2025 financial results in the press release, and CEO commentary emphasized strategic momentum into 2026 (including AVs). These positives underpin longer‑term bull cases. BusinessWire: Record Q4/Full‑Year Results
• Neutral Sentiment: Management reiterated plans for expanded autonomous‑vehicle (AV) deployments in 2026 — a potential long‑term margin lever but with near‑term execution and capital intensity risks. MarketWatch: AV Deployments & Mixed Outlook
• Neutral Sentiment: Product expansion: rollout of teen accounts across major U.S. cities could support user growth over time but is not an immediate revenue driver. WABE: Teen Accounts Launch
• Negative Sentiment: Q4 results disappointed some key expectations — reported EPS missed consensus (reported -$0.20 vs. ~$0.32 expected), revenue and active riders/ride counts came in below estimates, and the company reported an unexpected operating loss; the print triggered a large intraday selloff. Business Insider: Q4 Disappointment
• Negative Sentiment: Analyst reactions have been mixed-to-cautious: Deutsche Bank cut its target to $16 (hold), Truist trimmed its target to $18 (hold), and other firms maintained conservative stances — putting further near‑term pressure on sentiment. TickerReport / Benzinga: Deutsche Bank Cut TipRanks: Needham Hold
• Negative Sentiment: Reputational and safety concerns after two Lyft drivers were killed in Cleveland in separate attacks, a reminder of operational and regulatory risks for the rideshare business. MSN: Driver Fatalities

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.