Lyft, Inc. (LYFT)
NASDAQ: LYFT · IEX Real-Time Price · USD
14.10
+0.71 (5.30%)
At close: Jun 28, 2024, 4:00 PM
14.16
+0.06 (0.43%)
After-hours: Jun 28, 2024, 7:59 PM EDT
Lyft, Inc. Stock Forecast
Stock Price Forecast
The 27 analysts with 12-month price forecasts for Lyft, Inc. stock have an average target of 18.33, with a low estimate of 10 and a high estimate of 24. The average target predicts an increase of 30.00% from the current stock price of 14.10.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Lyft, Inc. stock from 30 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 1 | 2 | 2 | 2 | 5 |
| Buy | 3 | 3 | 5 | 5 | 4 | 5 |
| Hold | 22 | 19 | 17 | 17 | 19 | 19 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 1 | 0 | 0 | 0 | 0 | 0 |
| Total | 29 | 24 | 25 | 25 | 26 | 30 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| TD Cowen | TD Cowen | Hold Maintains $16 → $18 | Hold | Maintains | $16 → $18 | +27.66% | Jun 7, 2024 |
| Morgan Stanley | Morgan Stanley | Hold Maintains $17 → $18 | Hold | Maintains | $17 → $18 | +27.66% | Jun 7, 2024 |
| Fox Advisors | Fox Advisors | Hold → Buy Upgrades $20 | Hold → Buy | Upgrades | $20 | +41.84% | Jun 7, 2024 |
| Goldman Sachs | Goldman Sachs | Hold Maintains $19 → $21 | Hold | Maintains | $19 → $21 | +48.94% | Jun 7, 2024 |
| RBC Capital | RBC Capital | Buy Reiterates $24 | Buy | Reiterates | $24 | +70.21% | Jun 7, 2024 |
Financial Forecast
Revenue This Year
5.63B
from 4.40B
Increased by 27.76%
Revenue Next Year
6.42B
from 5.63B
Increased by 14.18%
EPS This Year
0.74
from -0.88
EPS Next Year
0.98
from 0.74
Increased by 32.74%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 6.0B | 7.0B | 8.2B | 9.0B | 9.9B |
| Avg | 5.6B | 6.4B | 7.3B | 8.2B | 8.9B |
| Low | 4.6B | 5.0B | 5.3B | 6.7B | 7.3B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 36.4% | 24.6% | 28.1% | 23.2% | 21.3% |
| Avg | 27.8% | 14.2% | 13.2% | 12.1% | 9.8% |
| Low | 3.3% | -11.6% | -17.9% | -8.5% | -10.2% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 0.99 | 1.46 | 1.56 | 1.71 | 1.99 |
| Avg | 0.74 | 0.98 | 1.16 | 1.66 | 1.94 |
| Low | 0.45 | 0.53 | 0.60 | 1.60 | 1.86 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | - | 96.8% | 58.9% | 47.8% | 20.0% |
| Avg | - | 32.7% | 17.6% | 43.6% | 16.6% |
| Low | - | -28.6% | -39.3% | 38.0% | 12.0% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.