Lyft (NASDAQ:LYFT) Price Target Cut to $17.00 by Analysts at JPMorgan Chase & Co.

Lyft (NASDAQ:LYFT) had its target price trimmed by JPMorgan Chase & Co. from $19.00 to $17.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a neutral rating on the ride-sharing company’s stock.

Several other analysts also recently commented on the stock. Cantor Fitzgerald dropped their price objective on shares of Lyft from $21.00 to $14.00 and set a “neutral” rating on the stock in a report on Wednesday, February 11th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Lyft from $25.00 to $16.00 and set a “hold” rating for the company in a report on Wednesday, February 11th. KeyCorp reaffirmed a “sector weight” rating on shares of Lyft in a report on Wednesday, February 11th. Piper Sandler reaffirmed an “overweight” rating on shares of Lyft in a research report on Wednesday, February 11th. Finally, Barclays reduced their price objective on Lyft from $27.00 to $20.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 11th. Nine research analysts have rated the stock with a Buy rating, twenty-two have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $19.55.

Lyft Price Performance

Shares of NASDAQ:LYFT opened at $13.29 on Wednesday. Lyft has a twelve month low of $9.66 and a twelve month high of $25.54. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.31. The company has a market cap of $5.29 billion, a PE ratio of 1.95, a price-to-earnings-growth ratio of 0.80 and a beta of 1.92. The company’s 50 day moving average is $14.45 and its 200 day moving average is $18.48.

Lyft declared that its board has authorized a stock repurchase plan on Tuesday, February 10th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the ride-sharing company to repurchase up to 15.1% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.

Insider Activity at Lyft

In related news, Director Jill Beggs sold 2,093 shares of the firm’s stock in a transaction on Friday, February 27th. The shares were sold at an average price of $13.89, for a total transaction of $29,071.77. Following the sale, the director 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Stephen W. Hope sold 5,284 shares of Lyft stock in a transaction on Friday, February 27th. The shares were sold at an average price of $13.83, for a total transaction of $73,077.72. Following the completion of the transaction, the chief accounting officer directly owned 300,570 shares of the company’s stock, valued at $4,156,883.10. The trade was a 1.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 31,038 shares of company stock worth $416,841 in the last three months. Company insiders own 3.07% of the company’s stock.

Institutional Investors Weigh In On Lyft

Several hedge funds have recently modified their holdings of LYFT. Amalgamated Bank grew its position in shares of Lyft by 2.5% during the 3rd quarter. Amalgamated Bank now owns 21,652 shares of the ride-sharing company’s stock valued at $477,000 after acquiring an additional 534 shares during the period. Brown Brothers Harriman & Co. raised its holdings in Lyft by 23.2% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 3,399 shares of the ride-sharing company’s stock worth $75,000 after purchasing an additional 639 shares during the period. CI Investments Inc. raised its holdings in Lyft by 39.1% in 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 period. PNC Financial Services Group Inc. boosted its position in 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 boosted its position in 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. 83.07% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about 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

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.