Cantor Fitzgerald analyst Deepak Mathivanan reiterates a Hold rating on Lyft with a price target of $14.00. The company's shares opened at $13.95.

Cantor Fitzgerald analyst Deepak Mathivanan reiterated a Hold rating on Lyft with a $14.00 price target. The company's shares opened at $13.95. Analyst consensus rating is Moderate Buy with a $17.54 average price target, a 25.73% upside from current levels. Lyft reported a quarterly revenue of $1.45 billion and a net profit of $2.57 million in its latest earnings release. Corporate insider sentiment is positive, with 70 insiders buying their shares over the past quarter.

Lyft Inc. (LYFT) shares experienced a mixed reaction following the company's second-quarter earnings release on Wednesday. The ride-sharing giant reported a quarterly revenue of $1.59 billion, which was slightly below analysts' expectations of $1.61 billion. Despite the revenue shortfall, the company's net profit increased to $40.3 million, up from $5 million in the same period last year. Lyft's gross bookings rose 12% to $4.49 billion, in line with expectations.

Analysts offered varied opinions on the earnings report. JPMorgan analyst Doug Anmuth maintained a Neutral rating with a price target of $16, citing the company's strong performance in markets with autonomous vehicles (AV) and under-penetrated markets. Needham analyst Bernie McTernan reiterated a Hold rating on the stock, projecting low double-digit growth in bookings for the third and fourth quarters. Cantor Fitzgerald analyst Deepak Mathivanan also reiterated a Hold rating with a $14.00 price target.

Lyft's stock price initially rose, opening at $13.95, but later slipped to $13.12 after the market closed, down 6.2%. The company's shares have gained 8.4% year-to-date (YTD). Lyft expects gross bookings to rise 13% to 17% in the third quarter, with estimates ranging from $4.65 billion to $4.8 billion. The company also expects to add less than $1 billion in bookings from its recent acquisition of Freenow, with the partnership expected to impact results starting in 2026.

Lyft's CEO, David Risher, highlighted the company's strategic partnerships and market expansion as key drivers for growth. The company recently partnered with United Airlines to allow MileagePlus loyalty members to earn miles on all Lyft rides and is collaborating with Baidu to roll out autonomous vehicles in Germany and the UK in 2026. These initiatives are expected to accelerate growth in the second half of the year.

The mixed reaction from analysts reflects the company's strong performance in certain segments, particularly AV markets, while also acknowledging the need for continued growth and market expansion. Corporate insider sentiment remains positive, with 70 insiders buying their shares over the past quarter.

References:
[1] https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/08/46970012/lyft-rideshare-markets-with-av-are-growing-5x-faster
[2] https://www.tradingview.com/news/reuters.com,2025:newsml_L4N3TY1XE:0-lyft-slips-after-missing-quarterly-revenue-estimates/
[3] https://www.morningstar.com/news/dow-jones/2025080617076/lyfts-2q-profit-rises-as-ridership-bookings-grow-update