Lyft (NASDAQ:LYFT) Given New $20.00 Price Target at Royal Bank Of Canada

Lyft (NASDAQ:LYFT) had its target price raised by stock analysts at Royal Bank Of Canada from $18.00 to $20.00 in a report issued on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the ride-sharing company’s stock. Royal Bank Of Canada’s price objective indicates a potential upside of 15.05% from the company’s current price.

A number of other equities research analysts have also recently commented on LYFT. UBS Group reiterated a “neutral” rating and issued a $17.00 price target on shares of Lyft in a research note on Friday. JPMorgan Chase & Co. boosted their price target on Lyft from $18.00 to $19.00 and gave the stock a “neutral” rating in a research note on Friday. Truist Financial upped their price objective on shares of Lyft from $15.00 to $16.00 and gave the company a “hold” rating in a report on Friday, May 8th. Jefferies Financial Group increased their price objective on shares of Lyft from $15.00 to $15.50 and gave the company a “hold” rating in a research report on Tuesday, July 14th. Finally, BTIG Research upgraded shares of Lyft from a “neutral” rating to a “buy” rating in a research note on Wednesday, June 17th. Thirteen equities research analysts have rated the stock with a Buy rating, twenty-two have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $19.57.

Lyft Stock Up 6.7%

Shares of LYFT stock traded up $1.08 during trading hours on Friday, reaching $17.38. 17,027,811 shares of the company’s stock were exchanged, compared to its average volume of 15,152,576. The stock’s 50 day moving average is $14.88 and its 200-day moving average is $14.53. The company has a market cap of $6.60 billion, a price-to-earnings ratio of 2.54, a P/E/G ratio of 0.98 and a beta of 1.80. 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 has a fifty-two week low of $12.46 and a fifty-two week high of $25.54.

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

Insider Transactions at Lyft

In other news, CFO Erin Brewer sold 15,000 shares of the stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $13.59, for a total value of $203,850.00. Following the transaction, the chief financial officer directly owned 705,979 shares of the company’s stock, valued at approximately $9,594,254.61. This represents a 2.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jill Beggs sold 2,093 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $13.76, for a total value of $28,799.68. Following the completion of the transaction, the director owned 30,092 shares of the company’s stock, valued at approximately $414,065.92. The trade was a 6.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 81,749 shares of company stock worth $1,221,950 in the last 90 days. 0.92% of the stock is owned by company insiders.

Institutional Trading of Lyft

Several large investors have recently made changes to their positions in the business. University of Texas Texas AM Investment Management Co. purchased a new position in shares of Lyft during the fourth quarter worth $26,000. Plato Investment Management Ltd purchased a new stake in Lyft in the second quarter valued at $27,000. International Assets Investment Management LLC acquired a new stake in Lyft during the 4th quarter worth about $40,000. Huntington National Bank grew 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 purchasing an additional 1,374 shares during the period. Finally, Boreal Capital Management LLC purchased a new position in shares of Lyft during the 1st quarter valued at about $31,000. 83.07% of the stock is owned by hedge funds and other institutional investors.

More Lyft News

Here are the key news stories impacting Lyft this week:

• Positive Sentiment: Revenue and operating metrics exceeded expectations. Second-quarter revenue rose 16.1% year over year to $1.84 billion, above the $1.81 billion analyst consensus. Lyft also reported record rides and bookings, while active riders surpassed 30 million. Growth was supported by higher-value rides, international expansion and partnerships. Reuters article
• Positive Sentiment: Management offered a relatively constructive third-quarter outlook. Lyft expects gross bookings to grow 15% to 19%, with the forecast reportedly slightly above Wall Street expectations. The outlook suggests demand remains steady, even as the company prepares for slower growth. Seeking Alpha article
• Positive Sentiment: Several analysts raised their price targets. Piper Sandler reaffirmed an Overweight rating and lifted its target to $21 from $20. JPMorgan raised its target to $19 from $18 while maintaining a Neutral rating, and Cantor Fitzgerald increased its target to $17 from $14. Zacks also upgraded the shares from Strong Sell to Hold.
• Neutral Sentiment: Analyst sentiment remains mixed. Evercore ISI maintained a Hold rating, citing strong demand momentum but slower progress on margins. The broader analyst consensus remains Hold, indicating that investors see improving fundamentals but limited certainty around profitability.
• Negative Sentiment: Profitability fell short of expectations. Lyft’s quarterly EPS missed estimates, with higher promotions, marketing and administrative expenses weighing on results. The earnings miss could limit upside if rising costs continue to offset revenue growth. Zacks earnings article
• Neutral Sentiment: An insider sold shares. Lindsay Catherine Llewellyn sold 36,214 shares worth approximately $584,000 under a pre-arranged Rule 10b5-1 trading plan. Because the sale was scheduled in advance and the insider retained a sizable position, its market impact may be limited.

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.