Lyft (NASDAQ:LYFT) Given New $16.00 Price Target at Mizuho

Lyft (NASDAQ:LYFT) had its target price decreased by Mizuho from $27.00 to $16.00 in a report released on Thursday morning,Benzinga reports. Mizuho currently has a neutral rating on the ride-sharing company’s stock.

Several other analysts have also recently commented on the stock. Royal Bank Of Canada decreased their price target on shares of Lyft from $27.00 to $22.00 and set an “outperform” rating for the company in a report on Wednesday. UBS Group reissued a “neutral” rating on shares of Lyft in a research note on Monday, February 2nd. The Goldman Sachs Group boosted their price target on shares of Lyft from $21.00 to $26.00 and gave the company a “buy” rating in a report on Friday, November 7th. Evercore ISI set a $21.00 price objective on Lyft in a report on Wednesday. Finally, DA Davidson lowered their target price on Lyft from $22.00 to $19.00 and set a “neutral” rating on the stock in a research note on Wednesday. Ten research analysts have rated the stock with a Buy rating, twenty-two have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $19.98.

Lyft Price Performance

LYFT opened at $13.05 on Thursday. The stock has a fifty day moving average of $18.69 and a 200-day moving average of $19.00. The firm has a market capitalization of $5.21 billion, a P/E ratio of 1.91, a PEG ratio of 0.87 and a beta of 1.93. Lyft has a 12-month low of $9.66 and a 12-month high of $25.54. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.76.

Lyft announced that its board has authorized a share buyback program on Tuesday, February 10th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the ride-sharing company to reacquire up to 15.1% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Insider Transactions at Lyft

In other Lyft news, Director David Lawee sold 6,578 shares of Lyft stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $22.55, for a total transaction of $148,333.90. Following the sale, the director directly owned 104,460 shares of the company’s stock, valued at approximately $2,355,573. The trade was a 5.92% 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. Also, Director Prashant Aggarwal sold 96,900 shares of the stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $22.30, for a total value of $2,160,870.00. Following the completion of the transaction, the director directly owned 874,369 shares of the company’s stock, valued at approximately $19,498,428.70. The trade was a 9.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 187,443 shares of company stock worth $4,178,618. 3.07% of the stock is currently owned by company insiders.

Institutional Trading of Lyft

Large investors have recently bought and sold shares of the stock. AQR Capital Management LLC lifted its holdings in shares of Lyft by 144.9% during the second quarter. AQR Capital Management LLC now owns 24,009,925 shares of the ride-sharing company’s stock valued at $378,396,000 after acquiring an additional 14,205,143 shares during the period. Norges Bank bought a new position in Lyft during the 4th quarter valued at about $109,987,000. Swedbank AB acquired a new position in Lyft in the fourth quarter valued at about $108,472,000. Los Angeles Capital Management LLC grew its stake in Lyft by 415.2% during the second quarter. Los Angeles Capital Management LLC now owns 3,714,935 shares of the ride-sharing company’s stock worth $58,547,000 after buying an additional 2,993,807 shares during the last quarter. Finally, Victory Capital Management Inc. increased its holdings in shares of Lyft by 479.1% during the third quarter. Victory Capital Management Inc. now owns 3,580,564 shares of the ride-sharing company’s stock worth $78,808,000 after buying an additional 2,962,266 shares in the last quarter. 83.07% of the stock is currently owned by institutional investors.

Lyft News Summary

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

About Lyft

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.