Lyft (NASDAQ:LYFT) Given “Buy” Rating at Tigress Financial

Posted by Francis Steltz on Jun 24th, 2026

Lyft (NASDAQ:LYFT – Get Free Report)‘s stock had its “buy” rating restated by Tigress Financial in a report released on Wednesday,Benzinga reports. They currently have a $28.00 price target on the ride-sharing company’s stock. Tigress Financial’s price objective indicates a potential upside of 93.29% from the company’s previous close.

LYFT has been the subject of a number of other reports. William Blair cut shares of Lyft to a “market perform” rating in a report on Wednesday, June 17th. Oppenheimer assumed coverage on Lyft in a research note on Wednesday, June 17th. They set an “outperform” rating for the company. JPMorgan Chase & Co. increased their price objective on Lyft from $17.00 to $18.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. BTIG Research upgraded Lyft from a “neutral” rating to a “buy” rating in a report on Wednesday, June 17th. Finally, DA Davidson cut their target price on Lyft from $19.00 to $14.50 and set a “neutral” rating on the stock in a research report on Monday, May 18th. Thirteen analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $19.23.

Get Our Latest Analysis on LYFT

Lyft Stock Up 4.8%

NASDAQ:LYFT traded up $0.67 on Wednesday, hitting $14.49. The stock had a trading volume of 8,401,003 shares, compared to its average volume of 15,902,861. 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 has a 52 week low of $12.46 and a 52 week high of $25.54. The business’s fifty day moving average is $14.00 and its 200 day moving average is $15.54. The company has a market cap of $5.50 billion, a PE ratio of 2.12, a P/E/G ratio of 0.84 and a beta of 1.82.

Lyft (NASDAQ:LYFT – Get Free Report) last issued its earnings results on Thursday, May 7th. The ride-sharing company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.26). Lyft had a negative return on equity of 2.09% and a net margin of 43.82%.The firm had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.63 billion. During the same period in the previous year, the company earned $0.01 earnings per share. Lyft’s revenue for the quarter was up 17.2% compared to the same quarter last year. On average, equities research analysts expect that Lyft will post 0.69 EPS for the current fiscal year.

Insider Activity

In other Lyft news, CAO Stephen W. Hope sold 5,460 shares of Lyft stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $13.76, for a total transaction of $75,129.60. Following the transaction, the chief accounting officer owned 335,463 shares of the company’s stock, valued at $4,615,970.88. This trade represents a 1.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 value of $354,915.00. Following the completion of the transaction, the insider owned 916,022 shares in the company, valued at $13,740,330. The trade was a 2.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 69,196 shares of company stock valued at $992,371 in the last three months. 0.92% of the stock is owned by company insiders.

Institutional Trading of Lyft

Hedge funds have recently bought and sold shares of the business. Brown Brothers Harriman & Co. increased its holdings in Lyft by 23.2% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 3,399 shares of the ride-sharing company’s stock worth $75,000 after acquiring an additional 639 shares during the last quarter. CI Investments Inc. boosted its position in Lyft by 39.1% during the third quarter. CI Investments Inc. now owns 2,321 shares of the ride-sharing company’s stock worth $51,000 after purchasing an additional 653 shares during the period. PNC Financial Services Group Inc. boosted its position in Lyft by 5.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 12,808 shares of the ride-sharing company’s stock worth $248,000 after purchasing an additional 681 shares during the period. Allegiance Financial Group Advisory Services LLC increased its stake in shares of Lyft by 4.3% in the fourth quarter. Allegiance Financial Group Advisory Services LLC now owns 18,153 shares of the ride-sharing company’s stock worth $352,000 after purchasing an additional 756 shares in the last quarter. Finally, Public Employees Retirement System of Ohio increased its stake in shares of Lyft by 0.5% in the third quarter. Public Employees Retirement System of Ohio now owns 167,399 shares of the ride-sharing company’s stock worth $3,684,000 after purchasing an additional 771 shares in the last quarter. 83.07% of the stock is currently owned by institutional investors.

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.