How to Buy Lyft Stock
Lyft Inc
Lyft, Inc. operates a peer-to-peer marketplace for on-demand ridesharing in the United States and Canada.
Lyft stock last closed at $12.40, down 1.12% from the previous day, and has decreased 20.72% in one year. It has underperformed other stocks in the Software - Application industry by 0.16 percentage points. Lyft stock is currently +38.94% from its 52-week low of $8.93, and -34.96% from its 52-week high of $19.07.
As of Apr 30, 2025, there are 418.01M shares of LYFT outstanding. The market cap of LYFT is $5.18B. In the past 24 hours, 6.54M LYFT shares were traded.
How to Buy Lyft Stock
Wondering how to invest in Lyft stock? Here's how.
- Decide where to buy Lyft stock: You need to decide on a stock brokerage, but don't worry - we've analyzed dozens of stock brokerages and apps to help you choose where to buy Lyft stock.
- Sign up for your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Deposit money your brokerage account: Choose your method of payment and add your info.
- Research Lyft stock: The Lyft ticker symbol is LYFT. Is Lyft stock a good investment? Should you buy shares of LYFT? How do LYFT's underlying business fundamentals look? Do top analysts think Lyft is a good buy? Why has LYFT's stock price moved recently? (Hint: Our stock market analysis tools can help you evaluate if LYFT is a good stock to buy).
- Make your LYFT trade: Decide if you will purchase LYFT shares at the current market price or use a limit order to purchase LYFT shares at a given price.
- Watch your LYFT investment: Create a watchlist to important notifications about your investment in Lyft stock.
Step 1: Decide where to buy Lyft stock
You need an online brokerage account to access the NASDAQ market and buy LYFT shares.
Our favorite brokerage: eToro
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Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've picked the best brokerage, it's time to fill out some personal information so you are able to buy LYFT stock today.
How to Create a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal details to start a new trading account.
- Send your application by pressing the "Create Account" button. Get started with eToro today
Step 3: Deposit money your brokerage account
Now that you've created your account on the best stock market app for beginners, you can securely and quickly fund your account:
Watch the video below if you need help transferring money into your investment account.
Step 4: Research Lyft stock
After you have identified the best place to buy Lyft stock, it's very important to analyze their stock before you buy, so you truly wrap your head around the risk as well as the opportunity.
Overview of key LYFT info
Lyft Overview
WallStreetZen was created to help everyday investors do more accurate fundamental analysis in less time.
You can see all of the due diligence checks on LYFT's stock page.
Is LYFT stock undervalued or overvalued?
You can use a variety of different financial metrics, analyses, models, and charts to gauge LYFT's true value.
Using relative valuations ratios:
- LYFT could be overvalued based on its P/E ratio of 206.67x, relative to Software - Application industry P/E ratio of 120.68x
- LYFT could be undervalued based on its P/B ratio of 6.76x, relative to Software - Application industry P/B ratio of 7.01x
- LYFT could be overvalued based on its PEG ratio of 1.6x
You can do additional valuation research on LYFT's stock here.
LYFT Financial Overview
Positive Health Checks:
- There are more short-term assets than long-term liabilities on the LYFT balance sheet.
- LYFT's operating cash flow of $849.74M allows it to safely service it's debt of $1.13B.
- LYFT profit margin has gone up from -7.7% to 0.4% in the past year.
Negative Health Checks:
- LYFT has a relatively high debt to equity ratio of 6.09.
- LYFT earnings of $54.27M is not sufficient to cover its interest payments.
- There are more short-term liabilities than short-term assets on the LYFT balance sheet.
- Total LYFT debt is higher than 5 years ago, relative to shareholder equity.
Is Lyft stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 21 Wall Street analysts who give forecasts on LYFT, the consensus analyst rating on LYFT is a Buy
Please note that analyst forecasts are not stock recommendations, nor are they investment advice.
Most Recent LYFT Analyst Ratings
Brad Erickson, a top 3% analyst from RBC Capital reiterates LYFT with a buy rating and maintains their LYFT price target from $21.00 to $21.00, on Mar 17, 2025.
Shyam Patil, a top 8% analyst from Susquehanna maintains LYFT with a hold rating and lowers their LYFT price target from $18.00 to $15.00, on Feb 13, 2025.
Youssef Squali, a top 2% analyst from Truist Securities maintains LYFT with a hold rating and lowers their LYFT price target from $20.00 to $17.00, on Feb 12, 2025.
Lloyd Walmsley, a top 1% analyst from UBS maintains LYFT with a hold rating and lowers their LYFT price target from $16.00 to $15.00, on Feb 12, 2025.
Scott Devitt, a top 2% analyst from Wedbush maintains LYFT with a hold rating and lowers their LYFT price target from $18.00 to $16.00, on Feb 12, 2025.
You can dig deeper into what analysts are saying on the Lyft stock forecast page.
Metrics for Advanced LYFT Traders
LYFT Growth Numbers
Last year, LYFT revenue was $5.79B. During the last 5 year, LYFT's revenue has gone up by 9.86% per year. This was slower than the Software - Application industry average of 21.74%.
Dig into LYFT's earnings and revenue performance here.
What are LYFT executives and large shareholders up to?
Over the last year, executives and large shareholders at LYFT have sold more shares than they have bought.
John David Risher, Chief Executive Officer of LYFT, was the latest LYFT insider to sell. They sold $3,660,413.04 worth of LYFT shares on Apr 20, 2025.
Get more info about who owns LYFT stock here.
Does LYFT stock generate passive income?
No, Lyft doesn't provide an income stream by paying out dividends.
Get opinions from other investors
One of the reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to find out what other community members have to say.
Step 5: Make your LYFT trade
There are two primary order types:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are mostly the easiest way to buy. - Limit order: A limit order lets you buy or sell a security at a specific price (or better).
If you want to be sure you're buying or selling at a specific price limit, use a limit order.
Click the Open Trade button and eToro will place your order.
If you require additional help investing in stocks on eToro, click the helpful video below:
Step 6: Watch your LYFT investment
Now that you own some LYFT shares, you'll want to keep up with your shares.
Add LYFT to a watchlist to keep tabs on your LYFT stock.
LYFT Feed
How to Buy Stock in Lyft
To summarize, here are the 6 steps for buying Lyft stock:
- Decide where to buy Lyft stock
- Sign up for your brokerage account
- Deposit money your brokerage account
- Research Lyft stock
- Make your LYFT trade
- Watch your LYFT investment
If you are looking for a online brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you would like to watch your new investment in Lyft, create a watchlist today.
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