JPMorgan Chase & Co. Issues Pessimistic Forecast for Lyft (NASDAQ:LYFT) Stock Price

Lyft (NASDAQ:LYFT) had its price target reduced by equities researchers at JPMorgan Chase & Co. from $19.00 to $17.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the ride-sharing company’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 27.44% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the company. Roth Mkm set a $22.00 target price on Lyft in a research note on Wednesday, February 11th. Needham & Company LLC restated a “hold” rating on shares of Lyft in a research report on Wednesday, February 11th. Wedbush dropped their price objective on shares of Lyft from $16.00 to $13.00 and set an “underperform” rating on the stock in a report on Wednesday, February 11th. Susquehanna reiterated a “neutral” rating and issued a $15.00 price objective on shares of Lyft in a research report on Thursday, February 12th. Finally, UBS Group reissued a “neutral” rating on shares of Lyft in a research note on Monday, February 2nd. Nine equities research analysts have rated the stock with a Buy rating, twenty-two have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $19.55.

Lyft Trading Up 0.4%

NASDAQ:LYFT opened at $13.34 on Wednesday. Lyft has a 12-month low of $9.66 and a 12-month high of $25.54. The firm has a market capitalization of $5.31 billion, a P/E ratio of 1.96, a P/E/G ratio of 0.80 and a beta of 1.85. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.65 and a quick ratio of 0.65. The business has a 50 day simple moving average of $14.35 and a 200 day simple moving average of $18.44.

Lyft announced that its board has authorized a share repurchase program on Tuesday, February 10th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the ride-sharing company to purchase up to 15.1% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Insider Activity

In other news, insider Lindsay Catherine Llewellyn sold 23,661 shares of Lyft stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $13.30, for a total transaction of $314,691.30. Following the transaction, the insider directly owned 696,850 shares in the company, valued at approximately $9,268,105. This trade represents a 3.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jill Beggs sold 2,093 shares of the business’s stock in a transaction on Friday, February 27th. The stock was sold at an average price of $13.89, for a total value of $29,071.77. Following the completion of the sale, the director directly owned 32,185 shares in the company, valued at $447,049.65. This represents a 6.11% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 31,038 shares of company stock worth $416,841. 3.07% of the stock is owned by company insiders.

Institutional Investors Weigh In On Lyft

A number of institutional investors and hedge funds have recently bought and sold shares of LYFT. World Investment Advisors boosted its position in shares of Lyft by 50.4% during the 4th quarter. World Investment Advisors now owns 14,652 shares of the ride-sharing company’s stock valued at $284,000 after purchasing an additional 4,913 shares in the last quarter. Corient Private Wealth LLC grew its stake in shares of Lyft by 120.7% in the 4th quarter. Corient Private Wealth LLC now owns 63,365 shares of the ride-sharing company’s stock worth $1,227,000 after purchasing an additional 34,654 shares during the last quarter. Hsbc Holdings PLC raised its holdings in shares of Lyft by 161.0% in the 4th quarter. Hsbc Holdings PLC now owns 635,593 shares of the ride-sharing company’s stock worth $12,280,000 after purchasing an additional 392,053 shares in the last quarter. Virtu Financial LLC raised its holdings in shares of Lyft by 352.7% in the 4th quarter. Virtu Financial LLC now owns 48,530 shares of the ride-sharing company’s stock worth $940,000 after purchasing an additional 37,810 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in Lyft by 9.4% during the fourth quarter. Invesco Ltd. now owns 2,724,969 shares of the ride-sharing company’s stock valued at $52,783,000 after purchasing an additional 233,179 shares during the last quarter. 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: Southwest Airlines cardholders can now earn bonus Rapid Rewards points on Lyft rides — this partnership may modestly boost demand and customer acquisition via a loyalty channel. Southwest Airlines cardholders now eligible to earn bonus points on Lyft
• Positive Sentiment: Investment write-ups highlight Lyft’s attractive free-cash-flow yield and robotaxi/partnership upside (e.g., Waymo launches), arguing margins and international expansion could drive longer-term upside. Lyft: Huge Bottom Line Growth With Robotaxi Upside Make It Attractive
• Neutral Sentiment: Local promotions (e.g., half-off rides from Comerica Park on Tigers Opening Day) could lift short-term trips in specific markets but have limited company-wide impact. Tigers Opening Day rides: Get half-off Lyft rides home from Comerica Park on Friday
• Neutral Sentiment: Seasonal/tax guidance for gig workers is industry-wide and unlikely to change Lyft’s near-term stock trajectory materially. Drive for Uber, Lyft? Clock ticks for gig workers to file tax returns
• Negative Sentiment: Rising fuel costs are squeezing driver economics — local reports (St. Louis) and national coverage show higher pump prices are forcing some drivers to cut hours or quit, which could reduce supply, raise costs, and pressure margins. Gas Shock as St. Louis Cabbies and Lyft Drivers Get Squeezed as Prices Blow Past $4
• Negative Sentiment: National coverage documents drivers at the brink of quitting due to fuel inflation — a meaningful operational headwind if driver supply tightens broadly. ‘I’m done’: Rideshare drivers on the brink of quitting over higher gas prices
• Negative Sentiment: Safety/PR hit: a high-profile incident where a toddler was accidentally driven away in a Lyft trip has attracted local media and police attention — could prompt regulatory scrutiny, higher insurance/legal costs, and short-term reputational damage. Winter Haven Lyft trip ends in chaos as toddler is accidentally driven away
• Negative Sentiment: Analyst pessimism: JPMorgan lowered its price target (from $19 to $17) and Truist cut its target to $15 while keeping Hold ratings — these cuts reflect near-term concerns (fuel, integration of Freenow, winter disruption) and weigh on investor sentiment. Analyst price target cuts
• Negative Sentiment: Legal/regulatory risk: Lyft is litigating liability-shield limits in Florida’s appeals court — ongoing legal fights create potential downside from damages or tighter regulation. Lyft Pushes Limits of Liability Shield in Florida Appeals Court

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.