Several other research firms have also recently weighed in on LYFT. Loop Capital restated a buy rating and set a $31.00 price target on shares of Lyft in a report on Friday, September 9th. Barclays reduced their price target on Lyft from $20.00 to $18.00 and set an equal weight rating on the stock in a report on Tuesday, November 8th. Tigress Financial reduced their price target on Lyft from $82.00 to $60.00 and set a buy rating on the stock in a report on Friday, August 12th. Evercore ISI lowered Lyft from an outperform rating to an in-line rating and cut their price objective for the stock from $41.00 to $18.00 in a research note on Tuesday, November 8th. Finally, Credit Suisse Group cut their price objective on Lyft from $46.00 to $35.00 and set an outperform rating on the stock in a research note on Friday, November 4th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of Hold and a consensus target price of $28.21.
Lyft Stock Performance
Lyft stock opened at $11.05 on Monday. Lyft has a 12-month low of $10.60 and a 12-month high of $47.41. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.06. The business’s 50-day moving average price is $13.62 and its two-hundred day moving average price is $15.20. The stock has a market cap of $3.99 billion, a PE ratio of -3.09 and a beta of 1.68.
Hedge Funds Weigh In On Lyft
Lyft Company Profile
Lyft, Inc operates a peer-to-peer marketplace for on-demand ridesharing in the United States and Canada. The company operates multimodal transportation networks that offer riders personalized and on-demand access to various mobility options. It provides Ridesharing Marketplace, which connects drivers with riders; Express Drive, a flexible car rentals program for drivers; Lyft Rentals that provides vehicles for long-distance trips; and a network of shared bikes and scooters in various cities to address the needs of riders for short trips.
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