Lyft (NASDAQ:LYFT) Stock Rating Upgraded by Zacks Research

Posted by Joseph Casey on May 22nd, 2026

Lyft (NASDAQ:LYFT – Get Free Report) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Wednesday,Zacks.com reports.

Several other brokerages also recently commented on LYFT. Guggenheim lowered their price objective on Lyft from $26.00 to $22.00 and set a “buy” rating on the stock in a research report on Wednesday, February 11th. Morgan Stanley set a $17.00 price objective on Lyft in a research report on Wednesday, February 11th. Evercore set a $21.00 target price on Lyft in a research report on Wednesday, February 11th. Oppenheimer set a $20.00 target price on Lyft in a research report on Friday, May 8th. Finally, KeyCorp reiterated a “sector weight” rating on shares of Lyft in a research report on Wednesday, February 11th. Eight equities research analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $18.83.

View Our Latest Stock Analysis on LYFT

Lyft Price Performance

Shares of Lyft stock opened at $13.48 on Wednesday. The stock’s 50-day simple moving average is $13.69 and its 200-day simple moving average is $16.76. Lyft has a 52 week low of $12.46 and a 52 week high of $25.54. The company has a market capitalization of $5.12 billion, a price-to-earnings ratio of 1.97, a PEG ratio of 0.83 and a beta of 1.84. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.33.

Lyft (NASDAQ:LYFT – Get Free Report) last announced its quarterly earnings data on Thursday, May 7th. The ride-sharing company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.26). Lyft had a net margin of 43.82% and a negative return on equity of 2.09%. The business had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.63 billion. During the same quarter in the previous year, the firm earned $0.01 earnings per share. Lyft’s revenue was up 17.2% on a year-over-year basis. As a group, analysts expect that Lyft will post 0.66 earnings per share for the current fiscal year.

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

Insider Buying and Selling

In other Lyft news, insider Lindsay Catherine Llewellyn sold 23,661 shares of the business’s stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $15.00, for a total transaction of $354,915.00. Following the sale, the insider directly owned 916,022 shares of the company’s stock, valued at $13,740,330. The trade was a 2.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Stephen W. Hope sold 5,284 shares of the business’s stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $13.83, for a total value of $73,077.72. Following the sale, the chief accounting officer directly owned 300,570 shares in the company, valued at $4,156,883.10. The trade was a 1.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 54,699 shares of company stock worth $771,756. Corporate insiders own 0.92% of the company’s stock.

Institutional Investors Weigh In On Lyft

Several large investors have recently added to or reduced their stakes in the stock. Centaurus Financial Inc. increased its stake in Lyft by 16.4% during the first quarter. Centaurus Financial Inc. now owns 61,042 shares of the ride-sharing company’s stock worth $812,000 after acquiring an additional 8,600 shares during the last quarter. Bull Harbor Capital LLC bought a new stake in Lyft during the first quarter worth approximately $160,000. Altshuler Shaham Ltd increased its stake in Lyft by 51.6% during the first quarter. Altshuler Shaham Ltd now owns 7,662,027 shares of the ride-sharing company’s stock worth $101,905,000 after acquiring an additional 2,607,417 shares during the last quarter. California State Teachers Retirement System increased its stake in Lyft by 22.8% during the first quarter. California State Teachers Retirement System now owns 449,299 shares of the ride-sharing company’s stock worth $5,976,000 after acquiring an additional 83,412 shares during the last quarter. Finally, Readystate Asset Management LP increased its stake in Lyft by 45.1% during the first quarter. Readystate Asset Management LP now owns 231,292 shares of the ride-sharing company’s stock worth $3,076,000 after acquiring an additional 71,892 shares during the last quarter. 83.07% of the stock is owned by institutional investors.

Key Stories Impacting Lyft

Here are the key news stories impacting Lyft this week:

Positive Sentiment: RBC said Lyft remains on “stable competitive footing,” suggesting the company still has a defensible position even as investors worry about slower U.S. ride growth. Lyft’s Competitive Position Remains Stable Despite Growth Concerns, RBC Says
Neutral Sentiment: Lyft and Waymo are preparing to expand autonomous vehicle operations in Nashville, which could support long-term growth if the rollout goes smoothly. Lyft Fraud Scare And Nashville AV Rollout Test Investor Confidence
Negative Sentiment: Multiple reports say a Lyft driver used AI-generated images to falsely claim damage fees from riders, including a $75 charge, which raises concerns about fraud prevention, rider protection, and Lyft’s ability to police misconduct on its platform. Lyft driver caught using fake AI damage photos to charge Boca Raton dad a fee

Lyft Company Profile

(Get Free Report)

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.