Where Lyft Stands With Analysts
Portfolio Pulse from Benzinga Insights
Over the past three months, 28 analysts have provided ratings for Lyft (NASDAQ:LYFT), with a mix of bullish, somewhat bullish, and indifferent sentiments. The average 12-month price target has decreased by 12.61% to $16.43. Recent analyst actions predominantly involve lowering price targets and ratings, reflecting cautious sentiment towards Lyft's stock. Despite this, Lyft has shown positive financial performance with significant revenue growth, strong net margin, ROE, and ROA, and balanced debt management.
August 14, 2024 | 5:01 pm
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NEUTRAL IMPACT
Analysts have shown mixed sentiments towards Lyft, with a significant number lowering their price targets and ratings. The average 12-month price target has decreased by 12.61% to $16.43. Despite this, Lyft has demonstrated strong financial performance with notable revenue growth, net margin, ROE, and ROA.
The mixed analyst ratings and lowered price targets indicate cautious sentiment towards Lyft's stock in the short term. However, Lyft's strong financial performance, including significant revenue growth and profitability, provides a counterbalance, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100