Where Does Wall Street Think LYFT Inc (LYFT) Stock Will Go?

Friday, August 19, 2022 10:09 AM | InvestorsObserver Analysts

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Analysts who follow LYFT Inc (LYFT) on average expect it to add 117.63% over the next twelve months. Those same analysts give the stock an average rating of Strong Buy. That average rating earns LYFT an Analyst Ranking of 43, which means it ranks higher than 43 of stocks, based on data compiled by InvestorsObserver.

Wall Street analysts are rating LYFT a Strong Buy today. Find out what this means to you and get the rest of the rankings on LYFT!
See Full LYFT Report

Why are Analyst Ratings Important?

Though analyst projections should not be your only resource when determining your position on a stock, it can be a very useful tool. Analysts follow sectors/industries in-depth and tend to know how local and global conditions tend to affect demand and prices. Many analysts even participate in conference calls where they can get information to better make sense of the numbers. InvestorsObserver averages the ratings provided by analysts and then ranks their score as a percent against the market. This allows you to compare stocks in a more comprehensive fashion than with the typical buy/sell/hold ranking.

What's Happening With LYFT Inc Stock Today?

LYFT Inc (LYFT) stock is trading at $16.95 as of 10:06 AM on Friday, Aug 19, a decline of -$0.65, or -3.69% from the previous closing price of $17.60. The stock has traded between $16.85 and $17.37 so far today. Volume today is low. So far 1,427,848 shares have traded compared to average volume of 14,936,805 shares. Click Here to get the full Stock Report for LYFT Inc stock.

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