Lyft (NASDAQ:LYFT) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

Lyft (NASDAQ:LYFT) had its price target raised by Royal Bank Of Canada from $18.00 to $20.00 in a research report issued on Friday,Benzinga reports. The firm presently has an “outperform” rating on the ride-sharing company’s stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 15.05% from the stock’s current price.

LYFT has been the topic of a number of other research reports. UBS Group reiterated a “neutral” rating and issued a $17.00 price target on shares of Lyft in a research note on Friday. Zacks Research raised shares of Lyft from a “strong sell” rating to a “hold” rating in a report on Wednesday. Bank of America upgraded shares of Lyft from an “underperform” rating to a “buy” rating in a research note on Friday. William Blair cut shares of Lyft to a “market perform” rating in a report on Wednesday, June 17th. Finally, Truist Financial increased their price target on shares of Lyft from $15.00 to $16.00 and gave the company a “hold” rating in a report on Friday, May 8th. Thirteen analysts have rated the stock with a Buy rating, twenty-two have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $19.57.

Lyft Stock Up 6.7%

LYFT stock traded up $1.08 on Friday, reaching $17.38. 17,027,811 shares of the company traded hands, compared to its average volume of 15,152,576. The firm has a fifty day simple moving average of $14.88 and a 200-day simple moving average of $14.53. The company has a market cap of $6.60 billion, a P/E ratio of 2.54, a price-to-earnings-growth ratio of 0.98 and a beta of 1.80. Lyft has a one year low of $12.46 and a one year high of $25.54. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.58 and a quick ratio of 0.58.

Lyft (NASDAQ:LYFT) last released its earnings results on Thursday, August 6th. The ride-sharing company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.01). Lyft had a negative return on equity of 2.09% and a net margin of 43.82%.The company had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same period last year, the firm posted $0.10 earnings per share. The company’s revenue was up 16.1% compared to the same quarter last year. Research analysts anticipate that Lyft will post 0.69 earnings per share for the current year.

Insider Activity at Lyft

In other Lyft news, insider Lindsay Catherine Llewellyn sold 36,214 shares of Lyft stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $16.14, for a total value of $584,493.96. Following the completion of the sale, the insider owned 817,517 shares of the company’s stock, valued at approximately $13,194,724.38. The trade was a 4.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Erin Brewer sold 15,000 shares of the stock in a transaction on Friday, June 12th. The shares were sold at an average price of $13.59, for a total value of $203,850.00. Following the transaction, the chief financial officer directly owned 705,979 shares in the company, valued at $9,594,254.61. The trade was a 2.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 81,749 shares of company stock worth $1,221,950. Company insiders own 0.92% of the company’s stock.

Institutional Investors Weigh In On Lyft

A number of large investors have recently made changes to their positions in the company. Brown Brothers Harriman & Co. lifted its stake in shares of Lyft by 23.2% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 3,399 shares of the ride-sharing company’s stock worth $75,000 after purchasing an additional 639 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in Lyft by 5.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 12,808 shares of the ride-sharing company’s stock valued at $248,000 after purchasing an additional 681 shares in the last quarter. Allegiance Financial Group Advisory Services LLC grew its stake in Lyft by 4.3% in the fourth quarter. Allegiance Financial Group Advisory Services LLC now owns 18,153 shares of the ride-sharing company’s stock valued at $352,000 after purchasing an additional 756 shares during the last quarter. Public Employees Retirement System of Ohio raised its holdings in Lyft by 0.5% in the third quarter. Public Employees Retirement System of Ohio now owns 167,399 shares of the ride-sharing company’s stock worth $3,684,000 after purchasing an additional 771 shares in the last quarter. Finally, AlphaQuest LLC raised its holdings in Lyft by 1.0% in the fourth quarter. AlphaQuest LLC now owns 89,753 shares of the ride-sharing company’s stock worth $1,739,000 after purchasing an additional 854 shares in the last quarter. 83.07% of the stock is currently owned by institutional investors.

Key Headlines Impacting Lyft

Here are the key news stories impacting Lyft this week:

• Positive Sentiment: Revenue and operating metrics exceeded expectations. Second-quarter revenue rose 16.1% year over year to $1.84 billion, above the $1.81 billion analyst consensus. Lyft also reported record rides and bookings, while active riders surpassed 30 million. Growth was supported by higher-value rides, international expansion and partnerships. Reuters article
• Positive Sentiment: Management offered a relatively constructive third-quarter outlook. Lyft expects gross bookings to grow 15% to 19%, with the forecast reportedly slightly above Wall Street expectations. The outlook suggests demand remains steady, even as the company prepares for slower growth. Seeking Alpha article
• Positive Sentiment: Several analysts raised their price targets. Piper Sandler reaffirmed an Overweight rating and lifted its target to $21 from $20. JPMorgan raised its target to $19 from $18 while maintaining a Neutral rating, and Cantor Fitzgerald increased its target to $17 from $14. Zacks also upgraded the shares from Strong Sell to Hold.
• Neutral Sentiment: Analyst sentiment remains mixed. Evercore ISI maintained a Hold rating, citing strong demand momentum but slower progress on margins. The broader analyst consensus remains Hold, indicating that investors see improving fundamentals but limited certainty around profitability.
• Negative Sentiment: Profitability fell short of expectations. Lyft’s quarterly EPS missed estimates, with higher promotions, marketing and administrative expenses weighing on results. The earnings miss could limit upside if rising costs continue to offset revenue growth. Zacks earnings article
• Neutral Sentiment: An insider sold shares. Lindsay Catherine Llewellyn sold 36,214 shares worth approximately $584,000 under a pre-arranged Rule 10b5-1 trading plan. Because the sale was scheduled in advance and the insider retained a sizable position, its market impact may be limited.

About Lyft

Lyft, Inc (NASDAQ: LYFT) operates a peer-to-peer ridesharing platform that connects passengers with drivers through a mobile application. Since its founding in 2012, the company has expanded beyond traditional ride-hailing to include bike and electric scooter rentals, while also offering rental cars and public transit options in select markets. Lyft’s platform uses GPS mapping and dynamic pricing algorithms to optimize driver-passenger matches and route efficiency.

Headquartered in San Francisco, California, Lyft primarily serves urban and suburban markets across the United States and Canada.