Lyft (NASDAQ:LYFT) Given New $17.00 Price Target at Cantor Fitzgerald

Lyft (NASDAQ:LYFT) had its target price lifted by research analysts at Cantor Fitzgerald from $14.00 to $17.00 in a report released on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the ride-sharing company’s stock. Cantor Fitzgerald’s price objective indicates a potential upside of 4.29% from the stock’s current price.

Several other brokerages also recently weighed in on LYFT. Truist Financial upped their target price on shares of Lyft from $15.00 to $16.00 and gave the stock a “hold” rating in a research note on Friday, May 8th. Roth Capital reiterated a “buy” rating and issued a $23.00 price objective on shares of Lyft in a research note on Friday, May 8th. DA Davidson reduced their target price on shares of Lyft from $19.00 to $14.50 and set a “neutral” rating on the stock in a report on Monday, May 18th. Morgan Stanley boosted their target price on shares of Lyft from $17.00 to $18.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 30th. Finally, Guggenheim restated a “buy” rating on shares of Lyft in a research note on Wednesday, June 10th. Thirteen analysts have rated the stock with a Buy rating, twenty-two have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $19.53.

Lyft Stock Performance

NASDAQ LYFT opened at $16.30 on Friday. The stock has a market cap of $6.19 billion, a PE ratio of 2.38, a P/E/G ratio of 0.98 and a beta of 1.80. Lyft has a twelve month low of $12.46 and a twelve month high of $25.54. The stock has a fifty day simple moving average of $14.88 and a 200-day simple moving average of $14.53. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.33.

Lyft (NASDAQ:LYFT) last posted its earnings results on Thursday, August 6th. The ride-sharing company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.01). The company had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.81 billion. Lyft had a net margin of 43.82% and a negative return on equity of 2.09%. The firm’s revenue for the quarter was up 16.1% on a year-over-year basis. During the same quarter last year, the business posted $0.10 EPS. Equities analysts anticipate that Lyft will post 0.69 earnings per share for the current year.

Insider Transactions at Lyft

In other Lyft news, insider Lindsay Catherine Llewellyn sold 36,214 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $16.14, for a total value of $584,493.96. Following the completion of the sale, the insider owned 817,517 shares in the company, valued at approximately $13,194,724.38. The trade was a 4.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jill Beggs sold 2,093 shares of the stock in a transaction that occurred 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 completion of the sale, the director directly owned 30,092 shares of the company’s stock, valued at $414,065.92. The trade was a 6.50% decrease in their ownership of the stock. 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. In the last ninety days, insiders sold 81,749 shares of company stock worth $1,221,950. 0.92% of the stock is currently owned by corporate insiders.

Institutional Trading of Lyft

Hedge funds have recently added to or reduced their stakes in the stock. University of Texas Texas AM Investment Management Co. purchased a new stake in shares of Lyft during the fourth quarter worth approximately $26,000. Plato Investment Management Ltd acquired a new position in shares of Lyft during the second quarter worth about $27,000. Boreal Capital Management LLC purchased a new position in Lyft during the first quarter worth about $31,000. Bessemer Group Inc. lifted 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 acquired a new position in Lyft during the 4th quarter worth approximately $40,000. 83.07% of the stock is owned by institutional investors and hedge funds.

More Lyft News

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, ahead of the $1.81 billion consensus estimate, while rides, bookings and active riders reached records. Growth was supported by higher-value rides, international expansion and partnerships. Lyft signals steady demand as second-quarter revenue tops estimates
• Positive Sentiment: Q3 outlook was viewed favorably: Lyft forecast gross-bookings growth of roughly 15% to 19% for the current quarter, slightly above some expectations. The guidance suggests demand remains steady, even though growth is expected to moderate from the second quarter. Lyft sets records on rides and bookings, sets upbeat outlook for Q3
• Positive Sentiment: Rating pressure eased: Zacks Research upgraded Lyft from “strong sell” to “hold,” reducing an important source of negative sentiment around the stock. Zacks.com
• Neutral Sentiment: Analyst stance remains cautious: Evercore ISI’s Mark Mahaney reiterated a Hold rating. He cited strong demand momentum but slower progress on margins, limiting the potential for a more bullish reassessment. Lyft analyst rating
• Negative Sentiment: Profitability fell short: Lyft’s quarterly earnings per share missed consensus estimates. Higher promotional spending helped drive record bookings but pressured margins and contributed to the earnings miss. Lyft posts record bookings, but higher promotions fuel profit miss
• Negative Sentiment: Growth is slowing: Management expects bookings growth to moderate in the third quarter, which could temper enthusiasm if demand or pricing weakens further. Lyft’s Bookings Climb, But Expects Growth to Moderate
• Negative Sentiment: Insider selling adds a modest risk signal: Insider Lindsay Catherine Llewellyn sold 36,214 shares worth about $584,000. The transaction was made under a pre-arranged Rule 10b5-1 plan, reducing its significance as a discretionary bearish signal.

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.