Forecasting The Future: 21 Analyst Projections For Lyft
Portfolio Pulse from Benzinga Insights
Lyft (NASDAQ:LYFT) has been analyzed by 21 analysts, showing a range of sentiments from bullish to bearish. The average 12-month price target is $13.76, down 24.23% from the previous $18.16. Recent analyst actions mostly involve lowering price targets, reflecting cautious sentiment. Despite this, Lyft shows strong financial health with impressive revenue growth and profitability metrics.
September 23, 2024 | 7:00 pm
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Lyft has been analyzed by 21 analysts, with a majority lowering their price targets, indicating a cautious outlook. The average price target is now $13.76, a 24.23% decrease. Despite this, Lyft's financial health is strong, with significant revenue growth and profitability.
The majority of analysts have lowered their price targets for Lyft, indicating a bearish sentiment in the short term. This is likely to negatively impact the stock price. However, Lyft's strong financial performance, including high revenue growth and profitability, provides a positive long-term outlook.
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