Lyft (NASDAQ:LYFT) Upgraded by Zacks Research to “Hold” Rating

Posted by Brenda Bartman on May 22nd, 2026

Zacks Research upgraded shares of Lyft (NASDAQ:LYFT – Free Report) from a strong sell rating to a hold rating in a research note published on Wednesday,Zacks.com reports.

LYFT has been the subject of several other reports. DA Davidson lowered their target price on Lyft from $19.00 to $14.50 and set a “neutral” rating for the company in a report on Monday. Wells Fargo & Company lowered their target price on Lyft from $26.00 to $18.00 and set an “equal weight” rating for the company in a report on Wednesday, February 11th. Susquehanna reiterated a “neutral” rating and issued a $15.00 target price on shares of Lyft in a report on Thursday, February 12th. Evercore set a $21.00 target price on Lyft in a report on Wednesday, February 11th. Finally, Wedbush lowered their target price on Lyft from $16.00 to $13.00 and set an “underperform” rating for the company in a 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 company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $18.83.

View Our Latest Stock Analysis on LYFT

Lyft Price Performance

LYFT opened at $13.48 on Wednesday. The business has a fifty day moving average of $13.69 and a 200 day moving average of $16.76. Lyft has a 52-week low of $12.46 and a 52-week high of $25.54. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.33. The stock has a market cap of $5.12 billion, a P/E ratio of 1.97, a PEG ratio of 0.83 and a beta of 1.84.

Lyft (NASDAQ:LYFT – Get Free Report) last posted its quarterly earnings data on Thursday, May 7th. The ride-sharing company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $1.63 billion. During the same quarter in the previous year, the firm earned $0.01 EPS. Lyft’s revenue was up 17.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Lyft will post 0.66 EPS for the current year.

Lyft announced that its Board of Directors has authorized a share repurchase program on Tuesday, February 10th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the ride-sharing company to repurchase up to 15.1% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Heartland Advisors Inc. grew its holdings in Lyft by 68.2% during the third quarter. Heartland Advisors Inc. now owns 594,800 shares of the ride-sharing company’s stock worth $13,092,000 after acquiring an additional 241,250 shares during the period. Hussman Strategic Advisors Inc. purchased a new position in Lyft during the third quarter worth approximately $2,080,000. Strs Ohio lifted its position in shares of Lyft by 4,527.6% in the fourth quarter. Strs Ohio now owns 440,405 shares of the ride-sharing company’s stock valued at $8,531,000 after acquiring an additional 430,888 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Lyft by 15.2% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 426,314 shares of the ride-sharing company’s stock valued at $9,029,000 after acquiring an additional 56,117 shares in the last quarter. Finally, Carrera Capital Advisors purchased a new position in shares of Lyft in the third quarter valued at approximately $2,222,000. 83.07% of the stock is owned by institutional investors and hedge funds.

Lyft News Roundup

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

About Lyft

(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.