LYFT Stock Forecast: LYFT Stock Continues to rise as Gas Prices trend lower

LYFT Stock Forecast: LYFT Stock Continues to rise as Gas Prices trend lower

LYFT Stock Forecast: The stock is expected to trade between $13.1 and $16.4. The overall recommendation is Buy.

LYFT Stock Forecast: Latest Price

Lyft Stock Forecast: Performance Chart

Stock Name5 Days1 Month6 Months1 Year
LYFT+16.9%-7.6%-62.9%-72.2%

LYFT Stock: Latest Tweets

LYFT Stock Forecast: Technical Recommendation

Google Search Volumes for Lyft Stock were lower on Friday compared to Thursday

LYFT Stock Forecast: Today’s Outlook

IndicatorTrend
Overall OutlookMarginally Negative
Market DataMarginally Negative
TechnicalNeutral
Trading VolumeLower
Crowd’s WisdomMarginally Negative
Google Search VolumeLower
Social Media SentimentNeutral

Also Read: LUCID Stock Forecast 2022

LYFT Stock Forecast: Buy or Sell

LYFT Q1 Earnings Summary

  • Revenue of $876m, 44% rise over Q1, 2021
  • Active Riders of 17.8m vs 13.5 m in Q1, 2021
  • Revenue per active rider of $49.2 vs $45.1 in Q1, 2021
  • Net Loss of $196.9m vs $427.3m in Q1, 2021
  • Net loss per share of $(-0.51) vs $(-1.31) in Q1, 2021

Gas prices have soared in May and June leading to a crash in the stock. However, recent lawsuit settlements and a fall in gas prices have helped the stock.

Screenshot 2022 06 26 at 5.38.45 PM

Reuters Legal on Twitter: “Lyft has reached a $25 million settlement to resolve shareholder claims that the ride-hailing company concealed safety problems, including alleged sexual assaults by drivers, prior to its 2019 initial public offering https://t.co/aOToG9FM9Q pic.twitter.com/Nb836FhpE6 / Twitter”

Lyft has reached a $25 million settlement to resolve shareholder claims that the ride-hailing company concealed safety problems, including alleged sexual assaults by drivers, prior to its 2019 initial public offering https://t.co/aOToG9FM9Q pic.twitter.com/Nb836FhpE6

LYFT Stock Forecast: Latest Video

YouTube video

LYFT Stock Forecast: Peer Comparision

LYFT stock has received a rating of “3” on Zacks meaning that for the short run, the stock should be held. In the long run, it has received a neutral rating as of now because the technical analysis and analyst opinions differ. Its industry rank is 206 out of 251 which puts it at the bottom 18% of the industry. The industry that Lyft falls into on Zacks is “Internet – Services” which includes many other types of online businesses as well. Its sector rank is relatively better – 10th on 16 which is in the bottom 38% of this sector.

Although zack has received a “3” i.e. hold, its top peer – Uber Technologies (UBER) has also the same rank. Other peer companies have secured a rank of 3 or lower – These companies include Shopify (SHOP), Akamai Technologies (AKAM), CyberAgent (CYGIY), etc.

Nandini Panchal

Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.

LYFT STOCK FORECAST

Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.

This site uses Akismet to reduce spam. Learn how your comment data is processed.