The Latest Analyst Ratings for Lyft
Portfolio Pulse from Benzinga Insights
In the past 3 months, 12 analysts have published their opinions on Lyft (NASDAQ:LYFT) stock, with an average 12-month price target of $12.94, a 44.61% decrease from the previous average of $23.36.
June 07, 2023 | 3:09 pm
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NEGATIVE IMPACT
Lyft's average 12-month price target from 12 analysts is $12.94, a 44.61% decrease from the previous average of $23.36.
The significant decrease in Lyft's average 12-month price target indicates a negative outlook for the stock in the short term. As analysts are typically employed by large Wall Street banks and have access to company financial statements and insider information, their opinions carry weight in the market. The 44.61% decrease in the average price target suggests that the stock may face downward pressure in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100