The Analyst Landscape: 22 Takes On Lyft
Portfolio Pulse from Benzinga Insights
Lyft (NASDAQ:LYFT) has been analyzed by 22 analysts, showing a range of sentiments from bullish to bearish. The average 12-month price target has decreased by 23.01% to $13.55. Analysts have mostly lowered their ratings and price targets, indicating a negative shift in sentiment. Despite this, Lyft has shown strong financial performance with a 40.64% revenue growth rate, a net margin of 0.35%, and a return on equity of 0.94%.
October 18, 2024 | 4:00 pm
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NEGATIVE IMPACT
Lyft has experienced a negative shift in analyst sentiment, with a 23.01% decrease in the average 12-month price target to $13.55. Most analysts have lowered their ratings and price targets, reflecting concerns about the company's future performance. However, Lyft's financials show strong revenue growth and profitability.
The decrease in the average price target and the lowering of ratings by multiple analysts suggest a negative short-term outlook for Lyft's stock price. Despite strong financial performance, the market sentiment is likely to weigh on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100