Lyft (NASDAQ:LYFT) Given New $19.00 Price Target at JPMorgan Chase & Co.

Lyft (NASDAQ:LYFT) had its price objective boosted by JPMorgan Chase & Co. from $18.00 to $19.00 in a report published on Friday morning,Benzinga reports. The firm currently has a neutral rating on the ride-sharing company’s stock.

LYFT has been the topic of several other research reports. Bank of America raised shares of Lyft from an “underperform” rating to a “buy” rating in a research note on Friday. Tigress Financial restated a “buy” rating and set a $28.00 target price on shares of Lyft in a report on Wednesday, June 24th. Cantor Fitzgerald lifted their price target on Lyft from $14.00 to $17.00 and gave the stock a “neutral” rating in a research note on Friday. BTIG Research upgraded shares of Lyft from a “neutral” rating to a “buy” rating in a research report on Wednesday, June 17th. Finally, Sanford C. Bernstein began coverage on shares of Lyft in a research report on Wednesday, June 17th. They set an “underperform” rating on the stock. Thirteen research analysts have rated the stock with a Buy rating, twenty-two have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Lyft presently has a consensus rating of “Hold” and a consensus price target of $19.57.

Lyft Stock Performance

Shares of LYFT stock opened at $17.46 on Friday. Lyft has a 12-month low of $12.46 and a 12-month high of $25.54. The firm has a market capitalization of $6.63 billion, a price-to-earnings ratio of 2.54, a price-to-earnings-growth ratio of 0.97 and a beta of 1.80. The business has a 50 day simple moving average of $14.95 and a 200 day simple moving average of $14.55. 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 announced its quarterly earnings results on Thursday, August 6th. The ride-sharing company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.01). The business had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.81 billion. Lyft had a negative return on equity of 1.30% and a net margin of 42.32%.The company’s revenue was up 16.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.10 EPS. On average, equities research analysts anticipate that Lyft will post 0.69 EPS for the current year.

Insiders Place Their Bets

In other news, Director Jill Beggs sold 2,093 shares of the stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $13.76, for a total value of $28,799.68. Following the completion of the sale, the director directly owned 30,092 shares of the company’s stock, valued at $414,065.92. This represents a 6.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Lindsay Catherine Llewellyn sold 36,214 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $16.14, for a total transaction of $584,493.96. Following the sale, the insider owned 817,517 shares of the company’s stock, valued at approximately $13,194,724.38. This represents a 4.24% 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. Insiders have sold 81,749 shares of company stock worth $1,221,950 over the last quarter. Company insiders own 0.92% of the company’s stock.

Institutional Investors Weigh In On Lyft

Institutional investors have recently modified their holdings of the stock. Brown Brothers Harriman & Co. grew its stake in Lyft by 23.2% during the third quarter. Brown Brothers Harriman & Co. now owns 3,399 shares of the ride-sharing company’s stock worth $75,000 after buying an additional 639 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Lyft by 5.6% in 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 acquiring an additional 681 shares during the last quarter. Allegiance Financial Group Advisory Services LLC boosted its holdings in shares of Lyft by 4.3% in the 4th quarter. Allegiance Financial Group Advisory Services LLC now owns 18,153 shares of the ride-sharing company’s stock worth $352,000 after acquiring an additional 756 shares in the last quarter. Public Employees Retirement System of Ohio boosted its holdings in shares of Lyft by 0.5% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 167,399 shares of the ride-sharing company’s stock worth $3,684,000 after acquiring an additional 771 shares in the last quarter. Finally, AlphaQuest LLC grew its position in Lyft by 1.0% during the 4th quarter. AlphaQuest LLC now owns 89,753 shares of the ride-sharing company’s stock worth $1,739,000 after acquiring an additional 854 shares during the last quarter. Institutional investors and hedge funds own 83.07% of the company’s stock.

More Lyft News

Here are the key news stories impacting Lyft this week:

• Positive Sentiment: Record demand and bookings: Second-quarter gross bookings rose 23% year over year to $5.5 billion, revenue increased 16% to $1.84 billion, and active riders and rides reached records of 30.5 million and 262 million, respectively. Growth was supported by higher-value rides, international expansion and partnerships. Reuters article
• Positive Sentiment: Improving profitability: Adjusted EBITDA climbed 37% to $177.2 million, while the adjusted EBITDA margin improved to 3.2% of bookings from 2.9% a year earlier. Lyft also had $850 million remaining under its 2026 share-repurchase authorization as of June 30, potentially supporting per-share value. Seeking Alpha article
• Positive Sentiment: Constructive near-term outlook: Lyft forecast third-quarter gross bookings of approximately $5.50 billion to $5.67 billion, slightly above expectations, suggesting demand remains resilient even as growth moderates. Several analysts raised targets, including RBC to $20, Piper Sandler to $21 and JPMorgan to $19. RBC price-target article

Lyft Company Profile

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.