Truist Financial Issues Pessimistic Forecast for Lyft (NASDAQ:LYFT) Stock Price

Lyft (NASDAQ:LYFT) had its price objective lowered by Truist Financial from $23.00 to $18.00 in a research report issued on Wednesday, MarketBeat reports. The firm presently has a “hold” rating on the ride-sharing company’s stock. Truist Financial’s price target indicates a potential upside of 37.93% from the stock’s previous close.

A number of other equities analysts also recently issued reports on the company. TD Cowen reiterated a “buy” rating on shares of Lyft in a research note on Thursday, November 6th. Cantor Fitzgerald dropped their target price on Lyft from $21.00 to $14.00 and set a “neutral” rating on the stock in a report on Wednesday. Benchmark reiterated a “buy” rating on shares of Lyft in a report on Tuesday, October 28th. DA Davidson set a $22.00 price objective on Lyft in a research note on Thursday, November 6th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Lyft in a report on Thursday, January 22nd. Ten investment analysts have rated the stock with a Buy rating, twenty-two have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $19.98.

Lyft Stock Down 6.7%

LYFT stock opened at $13.05 on Wednesday. The stock’s 50 day simple moving average is $18.69 and its 200 day simple moving average is $19.00. The company has a market cap of $5.21 billion, a P/E ratio of 1.91, a price-to-earnings-growth ratio of 0.87 and a beta of 1.93. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.72 and a current ratio of 0.72. Lyft has a fifty-two week low of $9.66 and a fifty-two week high of $25.54.

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

Insider Buying and Selling at Lyft

In related news, Director Jill Beggs sold 1,466 shares of the stock in a transaction dated Friday, November 28th. The stock was sold at an average price of $20.25, for a total transaction of $29,686.50. Following the sale, the director owned 34,278 shares of the company’s stock, valued at approximately $694,129.50. This represents a 4.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Stephen W. Hope sold 4,800 shares of the stock in a transaction dated 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 sale, the chief accounting officer directly owned 311,909 shares in the company, valued at approximately $6,955,570.70. The trade was a 1.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 187,443 shares of company stock worth $4,178,618. Company insiders own 3.07% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC raised its holdings in shares of Lyft by 7.4% during the 3rd quarter. AQR Capital Management LLC now owns 25,783,363 shares of the ride-sharing company’s stock valued at $567,492,000 after buying an additional 1,773,438 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Lyft by 15.4% in the fourth quarter. Renaissance Technologies LLC now owns 9,873,232 shares of the ride-sharing company’s stock worth $191,245,000 after buying an additional 1,320,938 shares in the last quarter. Geode Capital Management LLC grew its position in Lyft by 0.3% during the second quarter. Geode Capital Management LLC now owns 6,633,591 shares of the ride-sharing company’s stock valued at $104,561,000 after acquiring an additional 20,354 shares during the last quarter. Norges Bank purchased a new position in shares of Lyft during the fourth quarter worth approximately $109,987,000. Finally, Swedbank AB purchased a new position in shares of Lyft during the fourth quarter worth approximately $108,472,000. Institutional investors own 83.07% of the company’s stock.

Key Lyft News

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.