Wedbush Has Lowered Expectations for Lyft (NASDAQ:LYFT) Stock Price

Lyft (NASDAQ:LYFT) had its target price reduced by research analysts at Wedbush from $20.00 to $18.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has a “neutral” rating on the ride-sharing company’s stock. Wedbush’s target price would indicate a potential upside of 25.70% from the stock’s previous close. Wedbush also issued estimates for Lyft’s Q3 2025 earnings at $0.12 EPS and FY2026 earnings at $0.35 EPS.

Several other research analysts also recently weighed in on LYFT. TD Cowen lifted their target price on Lyft from $16.00 to $18.00 and gave the company a “hold” rating in a research note on Thursday, November 7th. Bank of America lifted their price objective on shares of Lyft from $16.00 to $19.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Jefferies Financial Group upped their price objective on shares of Lyft from $10.50 to $13.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. Susquehanna raised their target price on shares of Lyft from $10.00 to $18.00 and gave the stock a “neutral” rating in a research note on Monday, November 11th. Finally, Tigress Financial boosted their price target on shares of Lyft from $24.00 to $26.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Twenty-seven equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Lyft currently has a consensus rating of “Hold” and a consensus target price of $17.78.

Lyft Stock Down 0.5 %

Lyft stock opened at $14.32 on Monday. The company has a market capitalization of $5.94 billion, a P/E ratio of -89.50, a PEG ratio of 4.10 and a beta of 2.14. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.75 and a current ratio of 0.75. Lyft has a fifty-two week low of $8.93 and a fifty-two week high of $20.82. The stock has a 50-day simple moving average of $15.44 and a 200-day simple moving average of $13.43.

Lyft (NASDAQ:LYFT) last issued its quarterly earnings data on Wednesday, November 6th. The ride-sharing company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.09. Lyft had a negative return on equity of 1.58% and a negative net margin of 1.19%. The company had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.44 billion. During the same quarter in the previous year, the business earned ($0.02) earnings per share. The firm’s revenue for the quarter was up 31.6% on a year-over-year basis. Equities research analysts expect that Lyft will post 0.08 earnings per share for the current year.

Insider Buying and Selling

In related news, CAO Lisa Blackwood-Kapral sold 9,081 shares of the stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $18.02, for a total value of $163,639.62. Following the transaction, the chief accounting officer now directly owns 332,243 shares of the company’s stock, valued at approximately $5,987,018.86. This trade represents a 2.66 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Logan Green sold 10,919 shares of the business’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $17.25, for a total value of $188,352.75. Following the sale, the director now directly owns 314,492 shares of the company’s stock, valued at approximately $5,424,987. This trade represents a 3.36 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 24,242 shares of company stock worth $427,330. 3.07% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Sanctuary Advisors LLC purchased a new position in shares of Lyft in the 2nd quarter valued at $388,000. New York State Teachers Retirement System acquired a new position in shares of Lyft during the third quarter worth about $423,000. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Lyft in the second quarter worth about $3,349,000. Venturi Wealth Management LLC acquired a new stake in shares of Lyft in the third quarter valued at about $716,000. Finally, Private Advisor Group LLC raised its holdings in shares of Lyft by 300.9% during the 2nd quarter. Private Advisor Group LLC now owns 69,697 shares of the ride-sharing company’s stock valued at $983,000 after buying an additional 52,311 shares during the period. 83.07% of the stock is owned by institutional investors and hedge funds.

About Lyft

Lyft, Inc operates a peer-to-peer marketplace for on-demand ridesharing in the United States and Canada. It operates multimodal transportation networks that offer access to various transportation options through the Lyft platform and mobile-based applications. The company's platform provides a ridesharing marketplace, which connects drivers with riders; Express Drive, a car rental program for drivers; and a network of shared bikes and scooters in various cities to address the needs of riders for short trips.