Wells Fargo & Company Has Lowered Expectations for Lyft (NASDAQ:LYFT) Stock Price

Lyft (NASDAQ:LYFT) had its target price decreased by Wells Fargo & Company from $26.00 to $18.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the ride-sharing company’s stock. Wells Fargo & Company‘s price objective indicates a potential upside of 37.93% from the stock’s current price.

Several other analysts have also issued reports on LYFT. Barclays decreased their price target on shares of Lyft from $27.00 to $20.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Zephirin Group increased their target price on shares of Lyft from $15.00 to $18.00 and gave the company a “hold” rating in a research note on Thursday, November 6th. Royal Bank Of Canada boosted their price target on Lyft from $21.00 to $27.00 and gave the company an “outperform” rating in a research note on Thursday, November 6th. Evercore upped their price target on Lyft from $15.00 to $30.00 and gave the company an “in-line” rating in a report on Thursday, November 6th. Finally, Jefferies Financial Group reduced their price objective on Lyft from $23.00 to $22.00 and set a “hold” rating for the company in a research report on Thursday, December 11th. Ten equities research analysts have rated the stock with a Buy rating, twenty-two have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $19.98.

Lyft Trading Down 6.7%

Shares of Lyft stock opened at $13.05 on Wednesday. Lyft has a 1 year low of $9.66 and a 1 year high of $25.54. The company’s fifty 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 price-to-earnings ratio of 1.91, a PEG ratio of 0.87 and a beta of 1.93. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.76.

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

Insider Activity at Lyft

In related news, Director Prashant Aggarwal sold 96,900 shares of the firm’s stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $22.30, for a total transaction of $2,160,870.00. Following the completion of the transaction, the director owned 874,369 shares in the company, valued at $19,498,428.70. This trade represents a 9.98% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Stephen W. Hope sold 4,800 shares of the business’s stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $22.30, for a total value 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. This represents a 1.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 187,443 shares of company stock valued at $4,178,618. Corporate insiders own 3.07% of the company’s stock.

Institutional Investors Weigh In On Lyft

A number of hedge funds have recently made changes to their positions in LYFT. Bogart Wealth LLC lifted its holdings in Lyft by 1,242.2% during the 2nd quarter. Bogart Wealth LLC now owns 2,161 shares of the ride-sharing company’s stock valued at $34,000 after purchasing an additional 2,000 shares during the last quarter. Quent Capital LLC acquired a new stake in shares of Lyft during the third quarter worth approximately $34,000. International Assets Investment Management LLC bought a new position in shares of Lyft in the fourth quarter valued at approximately $40,000. Huntington National Bank raised its stake in shares of Lyft by 171.8% in the fourth quarter. Huntington National Bank now owns 2,174 shares of the ride-sharing company’s stock valued at $42,000 after acquiring an additional 1,374 shares during the last quarter. Finally, Abich Financial Wealth Management LLC acquired a new position in shares of Lyft in the 3rd quarter worth approximately $50,000. 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

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.