Royal Bank Of Canada Cuts Lyft (NASDAQ:LYFT) Price Target to $18.00

Lyft (NASDAQ:LYFT) had its price target decreased by Royal Bank Of Canada from $22.00 to $18.00 in a research report released on Friday, MarketBeat.com reports. Royal Bank Of Canada currently has an outperform rating on the ride-sharing company’s stock.

Several other analysts also recently commented on the company. Zacks Research downgraded Lyft from a “hold” rating to a “strong sell” rating in a research note on Monday, April 13th. Oppenheimer set a $20.00 target price on Lyft in a research note on Friday. Barclays cut their target price on Lyft from $27.00 to $20.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 11th. Guggenheim cut their target price on Lyft from $26.00 to $22.00 and set a “buy” rating on the stock in a research note on Wednesday, February 11th. Finally, Evercore set a $21.00 target price on Lyft in a research note on Wednesday, February 11th. Nine equities research analysts have rated the stock with a Buy rating, twenty-two have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $19.28.

Lyft Stock Down 0.2%

LYFT stock opened at $14.33 on Friday. The business has a 50 day moving average of $13.70 and a 200 day moving average of $17.23. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.31. Lyft has a twelve month low of $12.46 and a twelve month high of $25.54. The firm has a market cap of $5.70 billion, a PE ratio of 2.09, a price-to-earnings-growth ratio of 0.89 and a beta of 1.84.

Lyft (NASDAQ:LYFT) last issued its earnings results on Thursday, May 7th. The ride-sharing company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.26). Lyft had a net margin of 43.82% and a negative return on equity of 2.60%. The business had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.63 billion. During the same quarter in the prior year, the business posted $0.01 earnings per share. The business’s revenue for the quarter was up 17.2% on a year-over-year basis. On average, research analysts forecast that Lyft will post 0.66 EPS for the current fiscal year.

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

Insider Transactions at Lyft

In related news, CAO Stephen W. Hope sold 5,284 shares of Lyft stock in a transaction on Friday, February 27th. The stock was sold at an average price of $13.83, for a total transaction of $73,077.72. Following the transaction, the chief accounting officer directly owned 300,570 shares in the company, valued at approximately $4,156,883.10. The trade was a 1.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Lindsay Catherine Llewellyn sold 23,661 shares of Lyft stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $13.30, for a total value of $314,691.30. Following the transaction, the insider owned 696,850 shares in the company, valued at $9,268,105. This trade represents a 3.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 54,699 shares of company stock worth $771,756 in the last ninety days. Insiders own 0.92% of the company’s stock.

Hedge Funds Weigh In On Lyft

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Amalgamated Bank lifted its position in Lyft by 2.5% during the third quarter. Amalgamated Bank now owns 21,652 shares of the ride-sharing company’s stock valued at $477,000 after purchasing an additional 534 shares in the last quarter. Brown Brothers Harriman & Co. lifted its position in Lyft by 23.2% during the third quarter. Brown Brothers Harriman & Co. now owns 3,399 shares of the ride-sharing company’s stock valued at $75,000 after purchasing an additional 639 shares in the last quarter. CI Investments Inc. lifted its position in Lyft by 39.1% during the third quarter. CI Investments Inc. now owns 2,321 shares of the ride-sharing company’s stock valued at $51,000 after purchasing an additional 653 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in Lyft by 5.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 12,808 shares of the ride-sharing company’s stock valued at $248,000 after acquiring an additional 681 shares during the period. Finally, Allegiance Financial Group Advisory Services LLC raised its holdings in Lyft by 4.3% during the fourth quarter. Allegiance Financial Group Advisory Services LLC now owns 18,153 shares of the ride-sharing company’s stock valued at $352,000 after acquiring an additional 756 shares during the period. 83.07% of the stock is currently owned by hedge funds and other institutional investors.

Lyft News Summary

Here are the key news stories impacting Lyft this week:

• Positive Sentiment: Lyft beat revenue and gross bookings expectations in Q1, with revenue rising about 14%-17% year over year to roughly $1.65 billion and gross bookings climbing 19%, signaling healthy demand despite a tough operating environment. Lyft Reports Strong Q1 2026 Financial Results
• Positive Sentiment: The company also issued upbeat second-quarter guidance, saying it expects about 20% gross bookings growth and more than 30% adjusted EBITDA expansion, which supports the case for improving profitability. Lyft signals strong bookings after winter storms dent first-quarter rides
• Positive Sentiment: Management said winter storms hurt ride volumes in the quarter, implying some of the weak demand metrics may have been weather-related rather than structural, while new partnerships helped boost rides growth. Lyft Revenue Rises as Partnerships Boost Rides Growth
• Neutral Sentiment: Brokerage commentary was mixed, with JPMorgan raising its target to $18 but keeping a neutral rating, while RBC also lowered its target to $18 but maintained an outperform view.
• Negative Sentiment: Investors are still focused on the earnings miss: Lyft reported about $0.04-$0.21 EPS depending on the measure cited, below analyst expectations, reflecting ongoing margin pressure and heavier spending. Lyft Stock Fall on Earnings Report as Total Rides Disappoint
• Negative Sentiment: Some reports also noted softer total rides and declining cash balances, which could temper enthusiasm if investors worry growth is coming with lower near-term efficiency. LYFT Q1 Earnings Miss Estimates, Revenues Increase Y/Y

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.