Deutsche Bank Aktiengesellschaft Cuts Lyft (NASDAQ:LYFT) Price Target to $16.00

Lyft (NASDAQ:LYFT) had its target price cut by Deutsche Bank Aktiengesellschaft from $25.00 to $16.00 in a research report sent to investors on Wednesday morning,Benzinga reports. They currently have a hold rating on the ride-sharing company’s stock.

Several other research firms also recently commented on LYFT. Truist Financial decreased their target price on shares of Lyft from $23.00 to $18.00 and set a “hold” rating for the company in a research report on Wednesday. Guggenheim lifted their price objective on shares of Lyft from $24.00 to $26.00 and gave the company a “buy” rating in a research note on Tuesday, November 18th. BMO Capital Markets upped their price objective on shares of Lyft from $20.00 to $23.00 and gave the stock a “market perform” rating in a report on Thursday, November 6th. Canaccord Genuity Group cut their target price on Lyft from $19.00 to $16.00 and set a “hold” rating on the stock in a report on Wednesday. Finally, Wall Street Zen cut Lyft from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Ten 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 company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $19.98.

Lyft Stock Up 1.7%

LYFT opened at $13.27 on Wednesday. The company has a market capitalization of $5.30 billion, a PE ratio of 1.95, a price-to-earnings-growth ratio of 0.81 and a beta of 1.93. The business has a 50-day moving average of $18.49 and a 200-day moving average of $19.00. Lyft has a fifty-two week low of $9.66 and a fifty-two week high of $25.54. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.65 and a quick ratio of 0.72.

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

Insider Buying and Selling

In other news, Director David Lawee sold 6,578 shares of Lyft stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $22.55, for a total value of $148,333.90. Following the transaction, the director directly owned 104,460 shares in the company, valued at approximately $2,355,573. The trade was a 5.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Stephen W. Hope sold 4,800 shares of the business’s stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $22.30, for a total value of $107,040.00. Following the transaction, the chief accounting officer directly owned 311,909 shares of the company’s stock, valued at $6,955,570.70. This represents a 1.52% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 187,443 shares of company stock valued at $4,178,618 in the last quarter. Insiders own 3.07% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Bogart Wealth LLC grew its stake in shares of Lyft by 1,242.2% in the second quarter. Bogart Wealth LLC now owns 2,161 shares of the ride-sharing company’s stock worth $34,000 after acquiring an additional 2,000 shares during the last quarter. Quent Capital LLC bought a new position in Lyft during the third quarter worth $34,000. International Assets Investment Management LLC acquired a new position in Lyft during the 4th quarter valued at $40,000. Huntington National Bank boosted its holdings in Lyft by 171.8% in the 4th quarter. Huntington National Bank now owns 2,174 shares of the ride-sharing company’s stock valued at $42,000 after purchasing an additional 1,374 shares during the period. Finally, Abich Financial Wealth Management LLC acquired a new stake in Lyft in the 3rd quarter worth $50,000. 83.07% of the stock is currently owned by institutional investors and hedge funds.

Lyft News Roundup

Here are the key news stories impacting Lyft this week:

• Positive Sentiment: Company guided to up to ~20% gross bookings growth for Q1 and reported record active riders and a 37% jump in EBITDA, suggesting improving operating leverage despite a headline loss. Zacks: Lyft Earnings & Revenues Fall Short
• Positive Sentiment: Company authorized a material share‑buyback (reported at ~$1.0B), which can support the stock and is a common reason for short‑term upward moves after a sell‑off. American Banking News: Lyft to Repurchase $1.00B
• Positive Sentiment: Value investors/analysts argue the post‑earnings drop is overdone — highlighting cheap multiples (low P/E, low P/S) and suggesting the share price presents an entry point. Seeking Alpha: Lyft’s Earnings Crash Is Overdone
• Neutral Sentiment: Technical note: some traders flag LYFT as oversold and sitting near support, which can trigger short‑term bounces but is not fundamentally decisive. Benzinga: Stock Of The Day
• Neutral Sentiment: Management publicly pushed back as the stock tumbled; CEO commentary may be intended to calm investors but hasn’t removed uncertainty. MSN: Lyft CEO Responds
• Negative Sentiment: Earnings and revenue miss triggered a large sell‑off — investors punished weaker-than-expected top‑line growth and an operating loss despite bookings strength, causing steep recent volatility. Zacks: Earnings & Revenues Fall Short
• Negative Sentiment: Market concern over accounting and “masked” weak growth was highlighted in coverage that tied accounting treatment to the stock’s 16% crash, raising investor skepticism. Yahoo Finance: Accounting Concerns
• Negative Sentiment: Analysts cut ratings/targets (e.g., Mizuho lowered its target and set a neutral rating) and at least one notable downgrade spurred further downside pressure. Benzinga: Mizuho Lowers Target
• Negative Sentiment: Ongoing safety incidents, violent assaults on drivers/riders and litigation (attempted kidnapping claims, murder/shootings, and a lawsuit alleging a passenger was taken to an attacker) raise regulatory, reputational and legal risk that can hurt demand and increase costs. AOL: Driver Murder Yahoo: Kidnapping Allegation Detroit News: Lawsuit
• Negative Sentiment: Competitive/regulatory risk: a new NYC ride app claims lower fares vs. Uber/Lyft but the city says the app is operating illegally — highlights pricing pressure and regulatory complexity in core markets. Yahoo: NYC Ride App vs. Lyft

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.