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

Lyft (NASDAQ:LYFT) had its target price cut by analysts at DA Davidson from $22.00 to $19.00 in a note issued to investors on Wednesday, Marketbeat.com reports. The brokerage presently has a “neutral” rating on the ride-sharing company’s stock. DA Davidson’s price objective would suggest a potential upside of 45.59% from the company’s current price.

Other analysts also recently issued research reports about the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of Lyft in a report on Thursday, January 22nd. Cantor Fitzgerald dropped their price objective on Lyft from $21.00 to $14.00 and set a “neutral” rating for the company in a research note on Wednesday. Morgan Stanley set a $17.00 price objective on Lyft in a report on Wednesday. Jefferies Financial Group decreased their target price on Lyft from $23.00 to $22.00 and set a “hold” rating on the stock in a research note on Thursday, December 11th. Finally, Royal Bank Of Canada lifted their target price on Lyft from $21.00 to $27.00 and gave the company an “outperform” rating in a research report on Thursday, November 6th. Ten research analysts have rated the stock with a Buy rating, twenty-two have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $19.98.

Lyft Price Performance

Shares of LYFT opened at $13.05 on Wednesday. The firm has a 50-day simple moving average of $18.69 and a two-hundred day simple moving average of $19.00. The stock has a market cap of $5.21 billion, a PE ratio of 1.91, a P/E/G ratio of 0.87 and a beta of 1.93. Lyft has a 1-year low of $9.66 and a 1-year high of $25.54. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.72 and a quick ratio of 0.72.

Lyft announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, February 10th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the ride-sharing company to repurchase up to 15.1% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

Insider Transactions at Lyft

In related news, CAO Stephen W. Hope sold 4,800 shares of the business’s stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $22.30, for a total transaction of $107,040.00. Following the completion of the transaction, the chief accounting officer directly owned 311,909 shares of the company’s stock, valued at $6,955,570.70. The trade was a 1.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jill Beggs sold 1,466 shares of the company’s stock in a transaction dated Friday, November 28th. The stock was sold at an average price of $20.25, for a total value of $29,686.50. Following the sale, the director owned 34,278 shares in the company, valued at approximately $694,129.50. This trade represents a 4.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 187,443 shares of company stock valued at $4,178,618 in the last 90 days. Insiders own 3.07% of the company’s stock.

Institutional Trading of Lyft

Several hedge funds have recently added to or reduced their stakes in the company. Amalgamated Bank grew its holdings in Lyft by 2.5% during the 3rd quarter. Amalgamated Bank now owns 21,652 shares of the ride-sharing company’s stock worth $477,000 after acquiring an additional 534 shares in the last quarter. Brown Brothers Harriman & Co. raised its holdings in shares of Lyft by 23.2% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 3,399 shares of the ride-sharing company’s stock valued at $75,000 after purchasing an additional 639 shares in the last quarter. CI Investments Inc. lifted its position in shares of Lyft by 39.1% during the 3rd quarter. CI Investments Inc. now owns 2,321 shares of the ride-sharing company’s stock worth $51,000 after purchasing an additional 653 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Lyft by 5.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 12,808 shares of the ride-sharing company’s stock worth $248,000 after purchasing an additional 681 shares in the last quarter. Finally, Allegiance Financial Group Advisory Services LLC grew its stake in shares of Lyft by 4.3% during the fourth quarter. Allegiance Financial Group Advisory Services LLC now owns 18,153 shares of the ride-sharing company’s stock worth $352,000 after purchasing an additional 756 shares in the last quarter. Institutional investors and hedge funds own 83.07% of the company’s stock.

Lyft News Roundup

Here are the key news stories impacting Lyft this week:

• Positive Sentiment: Board-authorized $1.0 billion share repurchase (up to ~15% of float) signals management believes the stock is undervalued — supportive for EPS/share if executed. Buyback Announcement
• Positive Sentiment: Q4 initiatives (partnerships and rewards) are bringing higher‑value riders and grew business-travel activations ~26% YoY — evidence of revenue mix improvement. Partnerships Drive Growth
• Neutral Sentiment: Technical/short‑term view: some traders see LYFT as oversold and testing support, which could prompt a bounce if volume subsides. Technical Bottom View
• Neutral Sentiment: Management defended consumer demand on the call and highlighted profitable growth signals — mixed messaging as guidance tempers optimism. Earnings Call Takeaways
• Negative Sentiment: Revenue miss and softer forward profitability/ride-growth outlook triggered a heavy selloff and analyst concern that Lyft’s 2027 targets are “execution‑heavy.” This is the principal driver of today’s weakness. Analyst Reaction
• Negative Sentiment: Multiple banks trimmed price targets and reiterated cautious/hold views after the print — increases near‑term downside risk from analyst sentiment and limits near‑term buying. Price Target Cuts & Sales Reaction
• Negative Sentiment: Reputational/safety headlines after separate fatal attacks on drivers in Cleveland add operational and PR risk that can pressure user/driver sentiment, though this is more of a reputational than a near‑term financial issue. Safety Incidents

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.