Lyft Stock: A Deep Dive Into Analyst Perspectives (6 Ratings)
Portfolio Pulse from Benzinga Insights
Lyft (NASDAQ:LYFT) has been evaluated by 6 analysts over the last three months, with a mix of indifferent (5) and bearish (1) ratings. The average 12-month price target for Lyft is $11.08, up from $10.80, with a high estimate of $14.00 and a low of $7.00. Analysts from firms including Wedbush, Morgan Stanley, Truist Securities, Wells Fargo, and MoffettNathanson have updated their price targets and ratings, with most maintaining a neutral stance and one issuing a sell rating. Lyft's financials show a positive revenue trend with a growth rate of 9.84% as of September 30, 2023, but a lower growth rate compared to the Industrials sector average. The company has an exceptional net margin of -1.05%, an impressive ROE of -2.83%, and an ROA of -0.27%, with a debt-to-equity ratio of 2.23.
December 27, 2023 | 3:00 pm
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NEUTRAL IMPACT
Lyft has received mixed analyst ratings with a majority being indifferent and one bearish. The average price target has increased slightly to $11.08. Financial indicators show positive revenue growth but a lower growth rate compared to peers, and strong profitability metrics.
The mixed analyst ratings with a majority being indifferent suggest a neutral short-term impact on Lyft's stock price. The slight increase in the average price target may provide some positive sentiment, but the bearish rating and lower growth rate compared to the sector may counteract any significant upward movement. The strong profitability metrics are positive, but the overall impact is likely to be neutral given the mixed signals.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100