Lyft (NASDAQ:LYFT) Price Target Cut to $18.00 by Analysts at Wedbush

Lyft (NASDAQ:LYFT) had its price objective decreased by Wedbush from $20.00 to $18.00 in a report released on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the ride-sharing company’s stock. Wedbush’s target price points to a potential upside of 25.70% from the company’s previous close. Wedbush also issued estimates for Lyft’s Q3 2025 earnings at $0.12 EPS and FY2026 earnings at $0.35 EPS.

A number of other research analysts also recently commented on LYFT. Evercore ISI increased their target price on Lyft from $17.00 to $19.00 and gave the stock an “in-line” rating in a report on Thursday, November 7th. BMO Capital Markets lifted their price objective on shares of Lyft from $13.00 to $18.00 and gave the stock a “market perform” rating in a report on Thursday, November 7th. TD Cowen boosted their target price on shares of Lyft from $16.00 to $18.00 and gave the company a “hold” rating in a research note on Thursday, November 7th. Wells Fargo & Company restated a “market perform” rating on shares of Lyft in a research report on Friday, October 18th. Finally, Susquehanna boosted their price objective on shares of Lyft from $10.00 to $18.00 and gave the company a “neutral” rating in a research report on Monday, November 11th. Twenty-seven equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $17.78.

Lyft Stock Performance

Lyft stock opened at $14.32 on Monday. Lyft has a 52 week low of $8.93 and a 52 week high of $20.82. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.88. The stock has a market cap of $5.94 billion, a P/E ratio of -89.50, a price-to-earnings-growth ratio of 4.10 and a beta of 2.14. The stock has a 50 day moving average of $15.44 and a 200-day moving average of $13.43.

Lyft (NASDAQ:LYFT) last announced its quarterly earnings data on Wednesday, November 6th. The ride-sharing company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.09. The company had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.44 billion. Lyft had a negative net margin of 1.19% and a negative return on equity of 1.58%. The firm’s revenue for the quarter was up 31.6% compared to the same quarter last year. During the same period last year, the business earned ($0.02) EPS. On average, analysts expect that Lyft will post 0.08 EPS for the current fiscal year.

Insider Transactions at Lyft

In other Lyft news, insider Lindsay Catherine Llewellyn sold 4,242 shares of the business’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $17.76, for a total value of $75,337.92. Following the completion of the transaction, the insider now directly owns 755,847 shares of the company’s stock, valued at approximately $13,423,842.72. The trade was a 0.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Logan Green sold 10,919 shares of the stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $17.25, for a total transaction of $188,352.75. Following the sale, the director now directly owns 314,492 shares in the company, valued at $5,424,987. This trade represents a 3.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 24,242 shares of company stock valued at $427,330 in the last three months. 3.07% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Sanctuary Advisors LLC raised its holdings in Lyft by 3.5% during the 3rd quarter. Sanctuary Advisors LLC now owns 28,454 shares of the ride-sharing company’s stock worth $363,000 after buying an additional 969 shares during the period. XTX Topco Ltd increased its position in shares of Lyft by 2.5% during the third quarter. XTX Topco Ltd now owns 42,203 shares of the ride-sharing company’s stock worth $538,000 after acquiring an additional 1,043 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in shares of Lyft by 9.1% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 13,894 shares of the ride-sharing company’s stock worth $196,000 after acquiring an additional 1,160 shares during the period. The Manufacturers Life Insurance Company lifted its position in Lyft by 1.6% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 82,690 shares of the ride-sharing company’s stock valued at $1,054,000 after acquiring an additional 1,315 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Lyft by 0.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 185,280 shares of the ride-sharing company’s stock worth $2,612,000 after purchasing an additional 1,477 shares during the period. Institutional investors and hedge funds own 83.07% of the company’s stock.

Lyft Company Profile

Lyft, Inc operates a peer-to-peer marketplace for on-demand ridesharing in the United States and Canada. It operates multimodal transportation networks that offer access to various transportation options through the Lyft platform and mobile-based applications. The company's platform provides a ridesharing marketplace, which connects drivers with riders; Express Drive, a car rental program for drivers; and a network of shared bikes and scooters in various cities to address the needs of riders for short trips.