Lyft, Inc. operates a peer-to-peer marketplace for on-demand ridesharing in the United States and Canada.
Lyft stock last closed at $10.54, up 0.29% from the previous day, and has decreased 21.81% in one year. It has underperformed other stocks in the Software - Application industry by 0.34 percentage points. Lyft stock is currently +34.27% from its 52-week low of $7.85, and -42.59% from its 52-week high of $18.36.
At the moment, there are 386.24M shares of LYFT outstanding. The market capitalization of LYFT is $4.07B. In the last 24 hours, 8.44M LYFT shares were traded.
You will need a brokerage account in order to access the NASDAQ market and buy LYFT shares.
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Now that you've picked your brokerage, it's time to fill out some personal info so you can invest in LYFT today.
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Once you have figured out the best place to buy Lyft stock, it's crucial to evaluate their stock prior to investing, so you truly comprehend the risk as well as the upside.
WallStreetZen was designed to help everyday investors perform better fundamental analysis quickly.
You can view all of the due diligence checks on LYFT's stock page.
You can use many financial metrics, analyses, models, and charts to gauge LYFT's intrinsic value.
Using relative valuations metrics:
You can access more valuation analysis on LYFT's stock here.
Out of 11 Equities analysts who give forecasts on LYFT, the consensus analyst rating on LYFT is a Buy
It's important to note that analyst forecasts are not stock recommendations, nor are they investment advice.
Brad Erickson, a top 7% analyst from RBC Capital reiterates LYFT with a hold rating and maintains their LYFT price target from $12.00 to $12.00, on Sep 5, 2023.
Rob Sanderson, a bottom 28% analyst from Loop Capital maintains LYFT with a hold rating and raises their LYFT price target from $9.00 to $12.00, on Aug 14, 2023.
Tom White, a bottom 9% analyst from DA Davidson maintains LYFT with a hold rating and raises their LYFT price target from $9.75 to $11.50, on Aug 10, 2023.
Stephen Ju, a top 3% analyst from Credit Suisse maintains LYFT with a buy rating and lowers their LYFT price target from $23.00 to $18.00, on Aug 9, 2023.
Brent Thill, a top 1% analyst from Jefferies maintains LYFT with a hold rating and raises their LYFT price target from $9.00 to $11.00, on Jul 25, 2023.
You can dive deeper into what analysts are projecting on the Lyft stock forecast page.
Last year, LYFT revenue was $4.25B. Over the last four year, LYFT's revenue has gone up by 10.05% per year. This was slower than the Software - Application industry average of 32.74%.
Learn more about LYFT's earnings and revenue performance here.
Over the past year, executives and large shareholders at LYFT have sold more shares than they have bought.
John Patrick Zimmer, Director of LYFT, was the latest LYFT insider to sell. They sold $168,748.27 worth of LYFT shares on Sep 15, 2023.
Research more about who owns LYFT stock here.
No, Lyft doesn't provide an income stream by paying out dividends.
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Now that you own some shares in LYFT, you'll want to keep up with your shares.
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To summarize, here are the 6 steps you need to take to buy Lyft stock right now:
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