Research Analysts’ Recent Ratings Updates for LYFT (LYFT)

Several brokerages have updated their recommendations and price targets on shares of LYFT (NASDAQ: LYFT) in the last few weeks:

  • 6/12/2019 – LYFT is now covered by analysts at Evercore ISI. They set an “outperform” rating on the stock.
  • 6/11/2019 – LYFT was upgraded by analysts at Susquehanna Bancshares Inc from a “neutral” rating to a “positive” rating. They now have a $80.00 price target on the stock, up previously from $57.00.
  • 6/4/2019 – LYFT is now covered by analysts at Wolfe Research. They set an “underperform” rating on the stock.
  • 6/4/2019 – LYFT is now covered by analysts at Macquarie. They set an “outperform” rating on the stock.
  • 6/4/2019 – LYFT is now covered by analysts at Royal Bank of Canada. They set an “outperform” rating and a $72.00 price target on the stock.
  • 6/4/2019 – LYFT is now covered by analysts at Goldman Sachs Group Inc. They set a “neutral” rating and a $65.00 price target on the stock.
  • 6/4/2019 – LYFT is now covered by analysts at Loop Capital. They set a “hold” rating and a $60.00 price target on the stock.
  • 6/4/2019 – LYFT is now covered by analysts at Barclays PLC. They set an “equal weight” rating and a $55.00 price target on the stock.
  • 6/4/2019 – LYFT is now covered by analysts at SunTrust Banks, Inc.. They set a “buy” rating and a $68.00 price target on the stock. They wrote, “We believe Lyft is benefiting from favorable secular and demographic trends affecting the emerging TaaS market. These are driven by the ubiquity and sophistication of personal mobile devices, and the ever-advancing set of consumer preferences, applied to the massive and highly inefficient $1.2T transportation market. We believe these trends are translating into robust, sustained growth for Lyft for years to come, and in time attractive profitability, making the stock a compelling “pure play” on this emerging segment in NA. Big Differentiator. Unlike Uber (Buy), which is more diversified and global, Lyft’s focus on personal mobility-only and on North America should allow it to continue to move faster, lead the industry in innovation and service, in our view.””
  • 6/4/2019 – LYFT is now covered by analysts at Citigroup Inc. They set a “buy” rating and a $70.00 price target on the stock.
  • 6/4/2019 – LYFT is now covered by analysts at BTIG Research. They set a “buy” rating and a $77.00 price target on the stock.
  • 5/14/2019 – LYFT had its price target lowered by analysts at Seaport Global Securities from $42.00 to $35.00. They now have a “sell” rating on the stock.
  • 5/14/2019 – LYFT was given a new $72.00 price target on by analysts at DA Davidson. They now have a “buy” rating on the stock.
  • 5/8/2019 – LYFT had its price target raised by analysts at Stifel Nicolaus from $68.00 to $70.00. They now have a “buy” rating on the stock.
  • 5/8/2019 – LYFT had its price target raised by analysts at JPMorgan Chase & Co. from $82.00 to $86.00.
  • 5/3/2019 – LYFT is now covered by analysts at Atlantic Securities. They set an “underweight” rating and a $50.00 price target on the stock.
  • 5/3/2019 – LYFT had its “hold” rating reaffirmed by analysts at Wedbush. They now have a $67.00 price target on the stock.
  • 4/30/2019 – LYFT is now covered by analysts at Tigress Financial. They set a “buy” rating and a $59.80 price target on the stock.
  • 4/23/2019 – LYFT is now covered by analysts at KeyCorp. They set a “sector weight” rating and a $67.00 price target on the stock.
  • 4/23/2019 – LYFT is now covered by analysts at JPMorgan Chase & Co.. They set an “overweight” rating and a $82.00 price target on the stock.
  • 4/23/2019 – LYFT is now covered by analysts at Piper Jaffray Companies. They set an “overweight” rating and a $78.00 price target on the stock.
  • 4/23/2019 – LYFT is now covered by analysts at JMP Securities. They set an “outperform” rating and a $78.00 price target on the stock.
  • 4/23/2019 – LYFT is now covered by analysts at Credit Suisse Group AG. They set an “outperform” rating and a $95.00 price target on the stock.
  • 4/23/2019 – LYFT is now covered by analysts at Raymond James. They set an “outperform” rating and a $85.00 price target on the stock.
  • 4/23/2019 – LYFT is now covered by analysts at Cowen Inc. They set an “outperform” rating and a $77.00 price target on the stock.
  • 4/23/2019 – LYFT is now covered by analysts at Jefferies Financial Group Inc. They set a “buy” rating and a $86.00 price target on the stock.
  • 4/23/2019 – LYFT is now covered by analysts at Canaccord Genuity. They set a “buy” rating and a $75.00 price target on the stock.
  • 4/23/2019 – LYFT is now covered by analysts at Stifel Nicolaus. They set a “buy” rating and a $68.00 price target on the stock.
  • 4/23/2019 – LYFT is now covered by analysts at UBS Group AG. They set a “buy” rating and a $82.00 price target on the stock.
  • 4/17/2019 – LYFT is now covered by analysts at Susquehanna Bancshares Inc. They set a “neutral” rating and a $57.00 price target on the stock.

Shares of LYFT stock opened at $58.41 on Thursday. LYFT Inc has a twelve month low of $47.17 and a twelve month high of $88.60.

LYFT (NASDAQ:LYFT) last issued its quarterly earnings data on Tuesday, May 7th. The ride-sharing company reported ($47.13) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($4.74) by ($42.39). The company had revenue of $776.03 million for the quarter, compared to the consensus estimate of $744.09 million. On average, analysts expect that LYFT Inc will post -11.85 earnings per share for the current year.

In related news, Director R. Ann Miura-Ko acquired 1,650 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The shares were bought at an average price of $72.00 per share, for a total transaction of $118,800.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LYFT. Calamos Advisors LLC bought a new position in LYFT in the first quarter worth approximately $1,174,000. Virtu Financial LLC bought a new position in LYFT in the first quarter worth approximately $385,000. FNY Investment Advisers LLC bought a new position in LYFT in the first quarter worth approximately $700,000. Columbus Circle Investors bought a new position in LYFT in the first quarter worth approximately $20,523,000. Finally, Oppenheimer Asset Management Inc. bought a new position in LYFT in the first quarter worth approximately $414,000. Institutional investors and hedge funds own 30.67% of the company’s stock.

Lyft, Inc operates a peer-to-peer marketplace for on-demand ridesharing in the United States and Canada. It provides Ridesharing Marketplace, which facilitates lead generation, billing and settlement, support, and related activities to enable drivers to provide their transportation services to riders.

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