Wedbush has revised its price target for Lyft (LYFT, Financial), bringing it down from $16 to $13, while maintaining a Neutral rating on the shares. This adjustment comes as part of their first-quarter preview for the broader internet sector. The firm highlights that current market conditions are clouded with uncertainties due to ongoing macroeconomic challenges, such as potential tariff effects and diminishing consumer confidence, both domestically and internationally.
As the first-quarter earnings season approaches, Wedbush has taken a conservative stance, reducing their 2025 projections and price targets across various stocks. This caution stems from a lack of clear visibility into the prevailing economic landscape, which could lead to a dampening of demand. Analysts at the firm are eager to hear upcoming communications from company managements to better navigate what they describe as a current "dense fog" of economic conditions.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 36 analysts, the average target price for Lyft Inc (LYFT, Financial) is $16.38 with a high estimate of $26.00 and a low estimate of $10.00. The average target implies an upside of 50.54% from the current price of $10.88. More detailed estimate data can be found on the Lyft Inc (LYFT) Forecast page.
Based on the consensus recommendation from 46 brokerage firms, Lyft Inc's (LYFT, Financial) average brokerage recommendation is currently 2.7, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Lyft Inc (LYFT, Financial) in one year is $17.22, suggesting a upside of 58.27% from the current price of $10.88. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Lyft Inc (LYFT) Summary page.
