Is Lyft stock worth buying?

Lyft's market capitalization is $3.99 B by 377.64 M shares outstanding. Is Lyft stock a Buy, Sell or Hold? Lyft stock has received a consensus rating of buy. The average rating score is and is based on 47 buy ratings, 44 hold ratings, and 1 sell ratings.



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LYFT Stock 12 Months Forecast Based on 25 Wall Street analysts offering 12 month price targets for Lyft in the last 3 months. The average price target is $12.15 with a high forecast of $22.00 and a low forecast of $9.00. The average price target represents a 10.15% change from the last price of $11.03.

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According to the latest long-term forecast, Lyft price will hit $12 by the middle of 2024 and then $15 by the end of 2025. Lyft will rise to $17 within the year of 2026, $20 in 2027, $25 in 2030 and $30 in 2034.

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Largest shareholders include Fmr Llc, Vanguard Group Inc, FBGRX - Fidelity Blue Chip Growth Fund, BlackRock Inc., VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, Ubs Asset Management Americas Inc, NAESX - Vanguard Small-Cap Index Fund Investor Shares, Two Sigma Investments, Lp, Voloridge Investment ...

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On average, Uber paid its drivers more per hour than Lyft in 2022, according to Gridwise. Uber drivers had gross earnings of $21.14 per hour in 2022, while Lyft drivers were grossing $19.90.

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On average, Uber paid its drivers more per hour than Lyft in 2022, according to Gridwise. Uber drivers had gross earnings of $21.14 per hour in 2022, while Lyft drivers were grossing $19.90.

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Google parent company Alphabet has more than doubled its money on Lyft to $1 billion in just 17 months. Between its investments in Uber and Lyft, Alphabet owns a stake worth over $4 billion in ride hailing.

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Lyft had become more expensive for consumers than rival Uber because it was slower to respond to a yearslong driver shortage after the U.S. reopened from Covid-19 lockdowns. The short supply of drivers pushed up the prices for its rides. The company has said it is now priced broadly in line with Uber.

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Rider Demographics Age: 49% of Lyft's users are between the ages of 18 and 34. Income: The median household income for Lyft riders is $55,000. Education: 20% of Lyft's active riders are currently students.

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Given Lyft's liquidity position and cash burn rate, I do not believe it will survive through 2024. Lyft may eventually find an activist or strategic buyer, but it may lack sufficient strategic value in today's economy.

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Uber dominates U.S. market share By April 2022, Uber sales exceeded their pre-pandemic levels and remained elevated throughout most months of 2022 and into 2023. Meanwhile, sales at Lyft are yet to reach their pre-pandemic levels as of July 2023.

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Lyft reported 21.5 million active riders on its platform in the second quarter, up 8% from a year ago — beating analysts' expectations — as more commuters flocked to the app for routine trips and airport rides.

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Lyft fare is based on ride route and ride type, as well as ride availability and demand. When many passengers in your area request a ride at the same time, ride prices will likely be higher than normal. You can expect higher demand during commute hours, big events in town, and when bad weather hits.

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Perhaps the most exhaustive attempt to track rideshare companies' take rate was in 2019, when the media outlet Jalopnik examined 14,756 fares and concluded that Uber kept 35 percent of the revenue, while Lyft kept 38 percent.

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