Lyft Maintains Buy Rating with $22.00 Target, Analyst Consensus at Hold

TD Cowen analyst John Blackledge maintained a Buy rating for Lyft with a price target of $22.00. The company has a one-year high of $19.07 and a one-year low of $9.12. Lyft has an analyst consensus of Hold with a price target consensus of $17.90. Based on corporate insider activity, sentiment is positive with an increase in insiders buying their shares in recent months.

Lyft Inc. (LYFT) reported its second-quarter financial results on Wednesday, with mixed performance compared to its larger rival, Uber Technologies Inc. (UBER). The ride-hailing platform reported quarterly results that were better than Wall Street expectations, but fell short of estimates in several key areas.

Lyft's revenue rose 11% year over year to $1.59 billion, slightly below FactSet estimates for $1.61 billion. Rides grew 14% year over year to 234.8 million, also below estimates. Gross bookings of around $4.5 billion were roughly in line with expectations. On a GAAP basis, Lyft earned 10 cents a share, exceeding Wall Street's expectations of 4 cents.

The company expects year-over-year growth in rides in the "mid-teens" in the third quarter, according to FactSet forecasts. Gross bookings are expected to be around $4.65 billion to $4.8 billion over that period, a bit above the $4.59 billion forecast by FactSet. Lyft's acquisition of German taxi app Freenow, which closed on July 31, is expected to contribute to these figures.

Lyft has been expanding internationally and into robotaxis, partnering with companies like Baidu Inc. (BIDU) and May Mobility to test autonomous vehicles. The company also formed partnerships with Hilton (HLT), Chase (JPM), and United Airlines (UAL) to accelerate growth.

Despite the mixed results, analysts have maintained a mixed outlook. TD Cowen analyst John Blackledge maintained a Buy rating for Lyft with a price target of $22.00. The company has a one-year high of $19.07 and a one-year low of $9.12. Lyft has an analyst consensus of Hold with a price target consensus of $17.90. Corporate insider activity has been positive, with an increase in insiders buying their shares in recent months.

Uber's stock is up nearly 48% so far this year, while Lyft's is up around 8.5%. Andrew Rocco, a stock strategist at Zacks Investment Research, said that Uber was still the favorite in the ride-hailing wars due to its size, ability to compete on price, and more diverse business overall. He noted that Lyft's results were robust, but investors were selling off the stock due to its slower growth compared to Uber and its less aggressive stance in the robotaxi market.

References:

[1] https://www.morningstar.com/news/marketwatch/20250806432/lyft-shares-struggle-to-keep-up-with-uber-following-mixed-results-comparison-is-the-thief-of-joy-analyst-says

[2] https://www.stocktitan.net/news/LYFT/lyft-reports-record-q2-2025-financial-91e1wvlrubdu.html