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

UTC: Sep 25th, 2023 06:20 PM
Overall OutlookNeutral
1. Market's WisdomPartially Bullish
1a. Market DataNeutral
1b. Technical RecommendationBuy
2. Crowd's WisdomNeutral
2a. Social Media BuzzSteady
2b. Social Media SentimentSteady

LYFT Stock Forecast: Price target

LYFT Price Target for the Next 12 Months$12.4
Tigress Capital$22
TD Cowen$11
Morgan Stanley$10
DA Davidson$9.8
Wells Fargo$9

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.

Also Read: LUCID Stock Forecast 2022

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.

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