Mizuho Cuts Lyft (NASDAQ:LYFT) Price Target to $16.00

Lyft (NASDAQ:LYFT) had its price target reduced by Mizuho from $27.00 to $16.00 in a research report released on Thursday,Benzinga reports. They currently have a neutral rating on the ride-sharing company’s stock.

A number of other research firms also recently commented on LYFT. The Goldman Sachs Group raised their price objective on Lyft from $21.00 to $26.00 and gave the stock a “buy” rating in a report on Friday, November 7th. BMO Capital Markets increased their target price on shares of Lyft from $20.00 to $23.00 and gave the stock a “market perform” rating in a research report on Thursday, November 6th. Needham & Company LLC restated a “hold” rating on shares of Lyft in a report on Wednesday. Piper Sandler reaffirmed an “overweight” rating on shares of Lyft in a research report on Wednesday. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Lyft in a research note on Thursday, January 22nd. Ten analysts have rated the stock with a Buy rating, twenty-two have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Lyft currently has an average rating of “Hold” and a consensus target price of $19.98.

Lyft Stock Performance

LYFT opened at $13.27 on Thursday. The stock’s 50 day simple moving average is $18.49 and its 200 day simple moving average is $19.03. The stock has a market cap of $5.30 billion, a P/E ratio of 1.95, a P/E/G ratio of 0.83 and a beta of 1.93. Lyft has a 1-year low of $9.66 and a 1-year 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 announced that its Board of Directors has authorized a stock buyback plan on Tuesday, February 10th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the ride-sharing company to purchase up to 15.1% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Insider Transactions at Lyft

In other Lyft news, Director Prashant Aggarwal sold 96,900 shares of Lyft stock in a transaction 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 sale, the director owned 874,369 shares of the company’s stock, valued at $19,498,428.70. The trade was a 9.98% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David Lawee sold 6,578 shares of Lyft stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $22.55, for a total transaction of $148,333.90. Following the sale, the director owned 104,460 shares in the company, valued at approximately $2,355,573. This represents a 5.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 187,443 shares of company stock worth $4,178,618 in the last quarter. 3.07% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Lyft

Several hedge funds have recently modified their holdings of the company. Empowered Funds LLC lifted its holdings in Lyft by 13.7% in the 1st quarter. Empowered Funds LLC now owns 24,213 shares of the ride-sharing company’s stock valued at $287,000 after acquiring an additional 2,921 shares during the last quarter. Focus Partners Wealth lifted its stake in Lyft by 44.0% during the first quarter. Focus Partners Wealth now owns 51,102 shares of the ride-sharing company’s stock valued at $607,000 after purchasing an additional 15,621 shares during the last quarter. Sivia Capital Partners LLC bought a new stake in Lyft during the second quarter worth approximately $470,000. IFP Advisors Inc grew its position in Lyft by 316.8% in the second quarter. IFP Advisors Inc now owns 6,835 shares of the ride-sharing company’s stock worth $108,000 after buying an additional 5,195 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its holdings in shares of Lyft by 92.2% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 34,536 shares of the ride-sharing company’s stock valued at $544,000 after buying an additional 16,570 shares in the last quarter. 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

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.