Lyft (NASDAQ:LYFT) Price Target Cut to $15.00 by Analysts at Truist Financial

Lyft (NASDAQ:LYFT) had its price objective trimmed by Truist Financial from $18.00 to $15.00 in a research note published on Wednesday morning,Benzinga reports. The firm currently has a hold rating on the ride-sharing company’s stock.

A number of other analysts also recently issued reports on LYFT. Mizuho lowered their price target on Lyft from $16.00 to $15.00 and set a “neutral” rating for the company in a research report on Tuesday, March 3rd. Weiss Ratings reissued a “hold (c-)” rating on shares of Lyft in a research note on Thursday, January 22nd. UBS Group restated a “neutral” rating on shares of Lyft in a report on Monday, February 2nd. Jefferies Financial Group dropped their price target on shares of Lyft from $20.00 to $15.50 and set a “hold” rating for the company in a research note on Wednesday, February 11th. Finally, Wells Fargo & Company cut their price target on shares of Lyft from $26.00 to $18.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 11th. Nine 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 company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $19.55.

Lyft Price Performance

Shares of Lyft stock opened at $13.29 on Wednesday. The stock has a market cap of $5.29 billion, a price-to-earnings ratio of 1.95, a price-to-earnings-growth ratio of 0.80 and a beta of 1.92. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.65 and a current ratio of 0.65. The stock has a 50 day moving average price of $14.45 and a 200-day moving average price of $18.48. Lyft has a one year low of $9.66 and a one year high of $25.54.

Lyft declared that its Board of Directors has approved a stock buyback plan on Tuesday, February 10th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the ride-sharing company to buy up to 15.1% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

Insiders Place Their Bets

In other news, Director Jill Beggs sold 2,093 shares of Lyft stock in a transaction on Friday, February 27th. The stock was sold at an average price of $13.89, for a total transaction of $29,071.77. Following the completion of the sale, the director directly owned 32,185 shares in the company, valued at approximately $447,049.65. This trade represents a 6.11% 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, insider Lindsay Catherine Llewellyn sold 23,661 shares of the business’s stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $13.30, for a total transaction of $314,691.30. Following the sale, the insider directly owned 696,850 shares of the company’s stock, valued at $9,268,105. This represents a 3.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 31,038 shares of company stock worth $416,841 over the last quarter. Company insiders own 3.07% of the company’s stock.

Institutional Investors Weigh In On Lyft

Several large investors have recently added to or reduced their stakes in LYFT. University of Texas Texas AM Investment Management Co. purchased a new position in shares of Lyft during the fourth quarter worth approximately $26,000. Quent Capital LLC purchased a new stake in shares of Lyft in the third quarter valued at approximately $34,000. International Assets Investment Management LLC purchased a new stake in shares of Lyft in the fourth quarter valued at approximately $40,000. Huntington National Bank grew its stake in Lyft by 171.8% in the fourth quarter. Huntington National Bank now owns 2,174 shares of the ride-sharing company’s stock worth $42,000 after purchasing an additional 1,374 shares in the last quarter. Finally, Abich Financial Wealth Management LLC bought a new position in Lyft in the third quarter worth approximately $50,000. 83.07% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Lyft

Here are the key news stories impacting Lyft this week:

• Positive Sentiment: Bull case highlighting margins and robotaxi upside: a Seeking Alpha piece argues LYFT trades at a compelling free‑cash‑flow yield (~13%) and that international expansion, FlexDrive assets and partnerships (Waymo launch in Nashville) could drive meaningful bottom‑line growth. Lyft: Huge Bottom Line Growth With Robotaxi Upside Make It Attractive
• Positive Sentiment: Local demand promotion: Lyft is offering half‑off rides home from Comerica Park for Tigers Opening Day — a small near‑term demand driver and PR boost in the Detroit market. Tigers Opening Day rides: Get half-off Lyft rides
• Neutral Sentiment: Corporate/PR activities: Lyft’s board chair is scheduled to speak at The College of Wooster — little direct market impact but part of ongoing investor/ community engagement. Board chair event
• Neutral Sentiment: Tax‑season reminder for drivers: reporting/filer deadlines for gig workers are in the news — operationally relevant for drivers but not directly price‑moving. Gig worker tax filing reminder
• Negative Sentiment: Analyst downgrades/price‑target cuts: JPMorgan trimmed its PT to $17 and moved to Neutral, and Truist cut its PT to $15 while keeping a Hold — both actions signal softer near‑term expectations and are pressuring sentiment. JPMorgan price target cut
• Negative Sentiment: Driver economics under pressure: reporting shows many rideshare drivers are near quitting due to higher gas prices — rising fuel costs hurt supply and margins (and were cited by Truist in its cut). Drivers quitting over gas prices
• Negative Sentiment: Safety/PR incidents: multiple recent stories — a Winter Haven case where a child was reportedly taken by a driver and reports of a Milwaukee carjacking — increase regulatory and reputational risks that can depress demand and raise insurance/legal costs. Child taken by driver Driver carjacked
• Negative Sentiment: Legal risk: Lyft is litigating liability‑shield limits in a Florida appeals court — an adverse ruling could increase exposure and costs. Liability shield litigation

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.