Barclays Lowers Lyft (NASDAQ:LYFT) Price Target to $20.00

Lyft (NASDAQ:LYFT) had its target price dropped by analysts at Barclays from $27.00 to $20.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the ride-sharing company’s stock. Barclays‘s target price would indicate a potential upside of 53.26% from the stock’s current price.

LYFT has been the subject of several other research reports. The Goldman Sachs Group upped their price target on shares of Lyft from $21.00 to $26.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. Mizuho upped their target price on shares of Lyft from $24.00 to $27.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 12th. Truist Financial dropped their price target on shares of Lyft from $23.00 to $18.00 and set a “hold” rating on the stock in a research note on Wednesday. Morgan Stanley set a $17.00 price target on Lyft in a report on Wednesday. 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 research analysts have rated the stock with a Buy rating, twenty-two have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $19.98.

Lyft Price Performance

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

Lyft announced that its Board of Directors has authorized a share repurchase program on Tuesday, February 10th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the ride-sharing company to repurchase up to 15.1% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.

Insider Buying and Selling at Lyft

In other Lyft news, Director David Lawee sold 6,578 shares of the stock in a transaction 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 completion of the transaction, the director directly owned 104,460 shares of the company’s stock, valued at approximately $2,355,573. This trade represents a 5.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Prashant Aggarwal sold 96,900 shares of Lyft stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $22.30, for a total value of $2,160,870.00. Following the transaction, the director owned 874,369 shares in the company, valued at approximately $19,498,428.70. This trade represents a 9.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 187,443 shares of company stock valued at $4,178,618. 3.07% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Quent Capital LLC bought a new stake in Lyft in the third quarter worth about $34,000. International Assets Investment Management LLC acquired a new position in shares of Lyft in the 4th quarter worth approximately $40,000. Bogart Wealth LLC grew its stake in shares of Lyft by 1,242.2% in the 2nd quarter. Bogart Wealth LLC now owns 2,161 shares of the ride-sharing company’s stock worth $34,000 after purchasing an additional 2,000 shares during the last quarter. Huntington National Bank raised its holdings in shares of Lyft by 171.8% in the 4th 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 acquired a new stake in Lyft during the third quarter valued at approximately $50,000. 83.07% of the stock is owned by institutional investors and hedge funds.

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

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.