LYFT Stock Price Prediction 2024, 2025, 2026-2035: Will LYFT Go Up?
See the most scientific, up-to-date price predictions for LYFT stock. You will read all you need to know about LYFT stock, including whether it is a buy or sell or hold now, and how you can buy the shares.
Is LYFT Stock Publicly Traded?
Yes, LYFT is a publicly traded company. The company was formerly known as Zimride, Inc. before it transformed into Lyft, Inc. in April 2013.
Lyft was incorporated in 2007 with headquarters in San Francisco, California, United States. Lyft inc. is an online meet-a-rider transportation service provider via lyft mobile app in the United States and Canada.
LYFT stock began trading on the NASDAQ exchange on 29 March 2019 under the ticker symbol ‘LYFT’. The ipo price was $72. Lyft prides itself as the first publicly traded ride-providing company, ahead of Uber.
In 5 years post-ipo, the LYFT stock has dipped to $9.97 per share with market capitalization up to $4.5billion and 410.16 million shares outstanding.
Why is LYFT Falling?
With beta above 2 LYFT stock is 2times as volatile as the overall market, and given a PEG Ratio of 1.87 for Lyft, it is evident that the stock is overvalued.
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Huge volatility coupled with over valuation of the stock could send negative buying signal to investors.
Even when Lyft Inc. is making good revenue and profits as declared in the Q2 of 2024, investors may view the projections as spurious in the face of poor market valuation metrics.
Will LYFT Stock Go Up?
A report from 30 Wall Street analysts offering 12 month price targets for Lyft in the last 3 months suggests that average price target is $18.82 with a high forecast of $24.00 and a low forecast of $13.50.
The average price target represents a 46.55% change from the last price of $10.06. This forecast gives a picture that LYFT stock will go up in the future. Our predictions also reports that LYFT will go up steadily.
Is LYFT Overvalued or Undervalued?
Evidence from valuation metrics shows that LYFT stock is overvalued.
With beta 2.07, and PEG ration 1.87, LYFT stock is 2times as volatile as the overall market and highly overvalued.
Is LYFT Stock a Buy or Sell or Hold?
LYFT stock has a consensus rating of ‘hold’ based on 4 buy ratings, 24 hold ratings and 2 sell ratings.
Out of 13 Moneystics Analysts covering NASDAQ:LYFT in the last 3 month, 1 recommend a ‘strong buy’, 1 recommend a ‘moderate buy’, 6 recommend a ‘hold’, 2 recommend a ‘moderate sell’, and 3 recommend ‘strong sell’.
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Given the overvalued nature of the stock at the moment, it can’t be a buy. We recommend a hold so as to wait until the actual value is attained.
How you can buy LYFT Shares: a 5-step approach
If you want to buy LYFT stock, here’s are the steps you need to follow:-
Step 1: Open a Brokerage Account
There are many brokerage firms you will have to choose from. This is called a trading account which you need to open with a brokerage that transacts in LYFT stock.
To do this requires your completion of online application form with your details such as your ID and address and then fund the account.
Step 2: Make Your Research on Lyft Inc. Stock
After deciding where to buy LYFT stocks, the next stage is to conduct research on the company. You need to know something about the company’s products, revenue, profitability, and other key fundamentals.
Step 3: Determine How Much You Want to Invest
You now think of how much you are ready to put into buying LYFT stock. This is done after assessing the risk associated with the stock and the extent you can manage the risk.
Step 4. Place an Order
Once you have resolved the volume of shares and how much you want to invest in LYFT stock, you can place your order to buy the stock.
Placing an order for LYFT requires a selection of your preferred number/volume of stock with a market order or use a limit order to delay your purchase until the stock reaches a desired price.
Step 5. Track Your Investment Regularly
When investing in the stock market, it’s important to monitor your investments constantly and set a no-loss target on your portfolio.
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Tracking your investments involves following up with key information about your stock performance. This helps you to make strategic decisions about pricing, gains, and loss.
LYFT Stock Price Prediction 2024, 2025, 2026, 2027, 2028, 2029, 2030-2035
The price of LYFT stock today is $10.06. Moneystics Stock predictions algorithm uses machine learning and in-depth learning technologies for LYFT stock.
Our model uses historical LYFT stock price data, volume, financial statements, and market sentiment.
| Year/Month | Average Price | Opening Price | High | Low | Closing Price | % change |
| 2024 | 13.95 | 14.74 | 20.82 | 9.12 | 13.15 | -10.79% |
| 2025 | 14.52 | 13.12 | 19.78 | 10.06 | 15.92 | 21.34% |
| 2026 | 16.50 | 15.89 | 21.36 | 10.88 | 17.10 | 7.62% |
| 2027 | 18.20 | 17.09 | 21.93 | 11.29 | 19.31 | 12.99% |
| 2028 | 19.00 | 19.30 | 22.47 | 11.87 | 18.69 | -3.16% |
| 2029 | 20.00 | 18.70 | 22.63 | 11.59 | 21.09 | 12.78% |
| 2030 | 22.30 | 20.99 | 23.86 | 12.04 | 23.61 | 12.48% |
| 2031 | 23.23 | 23.60 | 24.17 | 11.90 | 22.85 | -3.18 |
| 2031 | 23.62 | 22.85 | 24.78 | 11.94 | 24.39 | 6.73% |
| 2033 | 25.29 | 24.38 | 26.74 | 12.10 | 26.20 | 7.46% |
| 2034 | 27.30 | 26.18 | 28.63 | 12.46 | 28.41 | 8.52% |
| 2035 | 30.00 | 28.40 | 30.82 | 12.85 | 30.78 | 8.38% |
Our predictions show that LYFT stock will maintain a steady and marginal growth into the future with volatility looking moderate.
In the next 5 years LYFT will attain $20 per share and $30 per share in the next 10 years. This is a poor growth projection for the moment.
When will LYFT Stock reach $20 per share?
From the table above, the average price of LYFT in 2029 is $20.00 per share. This implies that LYFT stock will reach $20 per share in the year 2029 as against the current price of $10.06
That is to say, your $1000 investment in LYFT stock today (about 100 unit of shares) will appreciate to $2000 by the end of 2029.
Should you invest $2000 in LYFT stock today, where will you be in 2035?
From the table above, the average price of LYFT stock in 2035 is $30 per share.
This implication is in 2035 the LYFT stock will reach $30 per share as against the current price of $10.06
This implies that your $2000 investment in LYFT stock today (roughly 200 unit of shares) will appreciate to $6,000 in 2035.
Bottom Line
The LYFT stock is a hold and not a buy. Buying the stock means you want to hold it for a long term in the face of high volatility.
Any decision to buy LYFT at this time is not a good investment decision. Buying the stock now will mean you are paying more than the true price of LYFT shares.
The average price target represents a 46.55% change from the last price of $10.06. There is evidence that LYFT stock rise. However, our predictions show that LYFT will go up in a slow pace, no quantum leap.
The true situation is that the investors in LYFT should be ready to hold their shares it for a longer time hoping it will attain a position of proper valuation.
