Lyft (LYFT) Stock Forecast & Price Target

$12.17

-0.08 (-0.65%)

(As of 09/18/2024 ET)

Lyft - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold
Based on 36 Analyst Ratings

Based on 36 Wall Street analysts who have issued ratings for Lyft in the last 12 months, the stock has a consensus rating of "Hold." Out of the 36 analysts, 26 have given a hold rating, 9 have given a buy rating, and 1 has given a strong buy rating for LYFT.

Consensus Price Target

$15.65
28.56% Upside

High Forecast	$24.00
Average Forecast	$15.65
Low Forecast	$7.00

According to the 36 analysts' twelve-month price targets for Lyft, the average price target is $15.65. The highest price target for LYFT is $24.00, while the lowest price target for LYFT is $7.00. The average price target represents a forecasted upside of 28.56% from the current price of $12.17.

Type	Current Forecast 9/20/23 to 9/19/24	1 Month Ago 8/21/23 to 8/20/24	3 Months Ago 6/22/23 to 6/21/24	1 Year Ago 9/20/22 to 9/20/23
Consensus Rating	Hold	Hold	Hold	Hold
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	9 Buy rating(s)	9 Buy rating(s)	10 Buy rating(s)	5 Buy rating(s)
Hold	26 Hold rating(s)	23 Hold rating(s)	18 Hold rating(s)	27 Hold rating(s)
Sell	0 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$15.65	$15.87	$18.04	$13.78
Forecasted Upside	28.56% Upside	27.67% Upside	15.31% Upside	10.53% Upside

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LYFT Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

LYFT Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Lyft Stock vs. The Competition

Type	Lyft	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.31	2.64	2.50
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	28.56% Upside	94.75% Upside	7.94% Upside
News Sentiment Rating	Neutral News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

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Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
9/5/2024	Cantor Fitzgerald 3 of 5 stars	D. Mathivanan Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Neutral	$13.00	+14.64%
9/3/2024	Loop Capital 2 of 5 stars	R. Sanderson Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy ➝ Buy	$20.00 ➝ $16.00	+37.10%
8/23/2024	Nomura Securities 5 of 5 stars	A. Das Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong Sell ➝ Hold
8/14/2024	Roth Mkm Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$19.00 ➝ $13.00	+28.33%
8/8/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$18.00 ➝ $10.00	+0.30%
8/8/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$24.00 ➝ $17.00	+70.51%
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8/8/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold ➝ Hold	$18.00 ➝ $15.00	+51.67%
8/8/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$20.00 ➝ $14.00	+41.56%
8/8/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Market Perform ➝ Market Perform	$19.00 ➝ $13.00	+34.71%
8/8/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$18.00 ➝ $15.00	+55.44%
8/8/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold ➝ Hold	$15.00 ➝ $11.00	+13.99%
8/8/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$15.00 ➝ $12.00	+24.87%
8/8/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$17.00 ➝ $12.00	+30.01%
8/8/2024	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$19.00 ➝ $12.00	+30.01%
8/8/2024	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$18.00 ➝ $10.00	+10.13%
8/8/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold ➝ Hold	$18.00 ➝ $13.00	+43.17%
8/8/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	In-Line ➝ In-Line	$18.00 ➝ $17.00	+87.22%
8/8/2024	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$23.00 ➝ $18.00	+98.24%
8/7/2024	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating	B. Mcternan Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Hold
7/22/2024	Melius Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	C. Cunningham Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Hold	$15.00	+21.56%
7/16/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Khajuria Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Peer Perform
6/7/2024	Vertical Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Kauffman Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
6/7/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$17.00 ➝ $18.00	+14.87%
6/7/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$19.00 ➝ $21.00	+33.08%
6/7/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Overweight ➝ Overweight	$23.00 ➝ $24.00	+50.56%
6/7/2024	Fox Advisors Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Equal Weight ➝ Overweight	$20.00	+27.47%
6/7/2024	Gordon Haskett Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$17.00 ➝ $20.00	+27.47%
6/7/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Underperform ➝ Buy	$15.00 ➝ $20.00	+27.47%
5/8/2024	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Market Perform ➝ Market Perform	$15.00 ➝ $19.00	+9.45%
5/8/2024	DA Davidson Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$15.00 ➝ $18.00	+8.43%
4/18/2024	Tigress Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$22.00 ➝ $24.00	+38.65%
3/5/2024	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$20.00	+17.10%
2/14/2024	Moffett Nathanson Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Sell ➝ Neutral
9/26/2023	BTIG Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Neutral
8/9/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$23.00 ➝ $18.00	+55.71%
7/25/2023	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold	$9.00 ➝ $11.00	-5.74%
2/10/2023	Roth Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating	R. Kulkarni Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Neutral
2/10/2023	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Market Perform	$14.00 ➝ $11.00	-32.18%
11/21/2022	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Market Perform	$36.00 ➝ $14.00	+26.70%
11/15/2022	Daiwa Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$11.00	-15.84%
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11/15/2022	Atlantic Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$14.00	+7.12%
11/9/2022	Northcoast Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Neutral
11/8/2022	Susquehanna Bancshares Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral	$23.00 ➝ $13.00	+16.49%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 05:36 AM ET.

LYFT Forecast - Frequently Asked Questions

What is Lyft's forecast for 2024?: According to the research reports of 36 Wall Street equities research analysts, the average twelve-month stock price forecast for Lyft is $15.65, with a high forecast of $24.00 and a low forecast of $7.00.
Should I buy or sell Lyft stock right now?: 36 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Lyft in the last twelve months. There are currently 26 hold ratings, 9 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" LYFT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in LYFT, but not buy additional shares or sell existing shares.
Does Lyft's stock price have much upside?: According to analysts, Lyft's stock has a predicted upside of 29.01% based on their 12-month stock forecasts.
Has Lyft been upgraded by Wall Street analysts recently?: Over the previous 90 days, Lyft's stock had 2 upgrades by analysts.
What analysts cover Lyft?: Lyft has been rated by research analysts at Barclays, BMO Capital Markets, Canaccord Genuity Group, Cantor Fitzgerald, Citigroup, Deutsche Bank Aktiengesellschaft, Evercore ISI, JPMorgan Chase & Co., Loop Capital, Melius, Melius Research, Needham & Company LLC, Nomura, Nomura Securities, Roth Mkm, Royal Bank of Canada, Susquehanna, TD Cowen, Truist Financial, UBS Group, Wedbush, Wells Fargo & Company, and Wolfe Research in the past 90 days.
Do Wall Street analysts like Lyft more than its competitors?: Analysts like Lyft less than other "computer and technology" companies. The consensus rating for Lyft is Hold while the average consensus rating for "computer and technology" companies is Moderate Buy. Learn more on how LYFT compares to other companies.