Barclays analyst Ross Sandler maintains $Lyft Inc (LYFT.US)$ with a hold rating, and maintains the target price at $20.
According to TipRanks data, the analyst has a success rate of 63.9% and a total average return of 12.7% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Lyft Inc (LYFT.US)$'s main analysts recently are as follows:
The company's free cash flow in Q3 proved to be a substantial surprise, partially influenced by insurance mix and underlying margin improvement. The remainder of the company's key metrics largely met expectations and displayed steady growth trends in the second half for ride-hailing, contrasting with its competitor's performance.
Lyft's recent financial performance exceeded forecasts with bookings, revenue, and EBITDA surpassing expectations. The company's outlook for the fourth quarter also appears optimistic, projecting bookings that outshine prior market predictions and EBITDA projections that are significantly higher than anticipated by the market.
Lyft has showcased profitable growth, driven by Bookings that exceeded anticipations in Q3/Q4, along with operational efficiencies and expenditure discipline, contributing to robust EBITDA outcomes.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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