LYFT Stock Forecast 2023
LYFT Stock Forecast: Latest Price
Lyft Stock Performance, July 31st
- Last 5 Days: +8.8%
- Last 1 Month: +20.7%
- Last 6 Months: -19.9%
- Last 1 Year: -8.9%
Lyft Stock Forecast: Latest news
- Lyft announced that Janey Whiteside has joined its Board of Directors, effective July 31, 2023. Janey Whiteside will also take on the role of a member of the Compensation Committee. Janey is known for her customer-centric approach and experience in growing iconic brands like American Express and Walmart. She currently serves as a Partner at Consello and is the CEO of Consello Growth and Business Development.
- Lyft users on Twitter are engaging in diverse discussions, ranging from customer inquiries to complaints. The overall sentiment on Twitter appears to be a blend of positivity and negativity, as some users commend Lyft’s helpfulness, while others express frustration with certain aspects of the service.
LYFT Stock Forecast: Technical Analysis, July 31st
- The Relative Strength Index is at 65.026, indicates a buy recommendation.
- The Stochastic RSI is at 70.979, indicating a buy recommendation.
- The Moving Average Convergence Divergence is at 0.550, indicating a buy signal.
- The Average True Range with a value of 0.5947 indicates lower volatility.
- The Commodity Channel Index is at 215.3261, indicating the overbought signal.
- The moving averages analysis indicates a buy signal.
Overall, the technical analysis for LYFT indicates Strong Buy recommendation.
Lyft Stock Forecast Today
|1. Market's Wisdom||Partially Bullish|
|1a. Market Data||Neutral|
|1b. Technical Recommendation||Buy|
|2. Crowd's Wisdom||Neutral|
|2a. Social Media Buzz||Steady|
|2b. Social Media Sentiment||Steady|
LYFT Stock Forecast: Price target
|LYFT Price Target for the Next 12 Months||$12.4|
Lyft Stock Forecast: Q1 Earnings
- Lyft Inc. reported revenue of $1.0 billion for Q1 2023, marking a 14% increase year-over-year and surpassing their projected guidance.
- The company’s net loss for Q1 2023 was $187.6 million, a reduction from $196.9 million in Q1 2022 and $588.1 million in Q4 2022.
- Adjusted EBITDA was $22.7 million, exceeding the guidance range of $5 to $15 million.
- For Q2 2023, Lyft expects revenue to be between $1.0 billion and $1.02 billion, with an Adjusted EBITDA between $20 million and $30 million.
- The number of active riders in Q1 2023 increased by 9.8% to 19,552 thousand, from 17,804 thousand in Q1 2022.
- Revenue per active rider grew by 4.0% from $49.18 in Q1 2022 to $51.17 in Q1 2023.
- Lyft’s management expressed optimism for the future, with a focus on improving the rideshare service for both riders and drivers.
Lyft Stock Forecast: Q4′ 2022 and Fiscal 2022 Results
- Lyft Inc. announced its financial results for Q4 2022 and the fiscal year 2022, with Q4 recording the highest revenues in company history.
- Q4 2022 revenue was $1.2 billion, representing a 21% increase from Q4 2021 and a 12% increase from Q3 2022.
- Lyft strengthened its insurance reserves and accrued other current liabilities by $375 million.
- The net loss for Q4 2022 was $588.1 million, including $201.3 million of stock-based compensation and related payroll tax expenses.
- Adjusted EBITDA for Q4 2022 was a negative $248.3 million; however, it exceeded the company’s outlook at a positive $126.7 million when excluding insurance reserve adjustments.
- Unrestricted cash, cash equivalents, and short-term investments totaled $1.8 billion at the end of 2022.
- Revenue for the full fiscal year 2022 was $4.1 billion, a 28% growth year-over-year from $3.2 billion in 2021.
- The net loss for the fiscal year 2022 was $1.6 billion, including $767.8 million of stock-based compensation and related payroll tax expenses.
- Adjusted EBITDA for the fiscal year 2022 was a negative $416.5 million.
- For Q1 2023, Lyft anticipates revenue to be approximately $975 million and Adjusted EBITDA to be between $5 million and $15 million.
- The number of active riders and revenue per active rider increased across all quarters of 2022 compared to 2021.
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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.