Analyst Scoreboard: 10 Ratings For Lyft
Portfolio Pulse from Benzinga Insights
Lyft (NASDAQ:LYFT) received mixed analyst ratings with 8 indifferent, 1 somewhat bearish, and 1 bearish out of 10 recent ratings. The average 12-month price target is $12.45, up 11.06% from the previous $11.21. Analysts from firms like Goldman Sachs, BMO Capital, and others have raised their price targets, reflecting a response to Lyft's market dynamics and performance. Lyft's financials show a revenue growth of 9.84%, a net margin of -1.05%, an ROE of -2.83%, an ROA of -0.27%, and a debt-to-equity ratio of 2.23.
January 12, 2024 | 3:01 pm
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NEUTRAL IMPACT
Lyft's stock may see short-term impact from the mixed analyst ratings and the raised average price target of $12.45. The company's solid revenue growth and debt management may be seen positively, while the net margin, ROE, and ROA indicate areas of concern.
The mixed analyst ratings with a majority being indifferent suggest a neutral short-term impact on Lyft's stock price. The increase in the average price target could be seen as a positive signal, but the presence of bearish sentiments tempers expectations. The financial indicators show strength in revenue growth and debt management, which could be positive for investors, but the negative profitability metrics may raise concerns. Overall, the impact is likely to be balanced with a neutral score.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100