Gordon Haskett Downgrades LYFT (LYFT)
On February 6, 2023, Gordon Haskett downgraded their outlook for LYFT from Buy to Hold.
On February 6, 2023,
Gordon Haskett
downgraded
their outlook for LYFT from Buy to Hold.
Analyst Price Forecast Suggests 33.63% Upside
As of February 6, 2023,
the average one-year price target for LYFT is $23.22.
The forecasts range from a low of $11.11 to a high of $69.43.
The average price target represents an increase of 33.63% from its latest reported closing price of $17.38.
The projected annual revenue for LYFT
is $4,935MM, an increase of 26.86%.
The projected annual EPS
is $0.90.
What are large shareholders doing?
FBGRX – Fidelity Blue Chip Growth Fund
holds 18,677,209 shares
representing 5.17% ownership of the company.
In it’s prior filing, the firm reported owning 17,847,020 shares, representing
an increase
of 4.44%.
The firm
increased
its portfolio allocation in LYFT by 24.78% over the last quarter.
Fisher Asset Management
holds 10,989,747 shares
representing 3.04% ownership of the company.
In it’s prior filing, the firm reported owning 11,725,173 shares, representing
a decrease
of 6.69%.
The firm
decreased
its portfolio allocation in LYFT by 29.27% over the last quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares
holds 8,717,787 shares
representing 2.42% ownership of the company.
In it’s prior filing, the firm reported owning 8,486,912 shares, representing
an increase
of 2.65%.
The firm
increased
its portfolio allocation in LYFT by 6.19% over the last quarter.
Alkeon Capital Management
holds 7,823,430 shares
representing 2.17% ownership of the company.
In it’s prior filing, the firm reported owning 5,573,430 shares, representing
an increase
of 28.76%.
The firm
increased
its portfolio allocation in LYFT by 67.22% over the last quarter.
Jpmorgan Chase &
holds 7,615,255 shares
representing 2.11% ownership of the company.
In it’s prior filing, the firm reported owning 14,284,997 shares, representing
a decrease
of 87.58%.
The firm
decreased
its portfolio allocation in LYFT by 45.50% over the last quarter.
Fund Sentiment
There are 835 funds or institutions reporting positions in LYFT.
This is a decrease
of
48
owner(s) or 5.44%.
Average portfolio weight of all funds dedicated to US:LYFT is 0.1853%,
an increase
of 15.6042%.
Total shares owned by institutions increased
in the last three months by 9.16% to 323,794K shares.
Lyft Background Information
(This description is provided by the company.)
Lyft was founded in 2012 and is one of the largest transportation networks in the United States and Canada. As the world shifts away from car ownership to transportation-as-a-service, Lyft is at the forefront of this massive societal change. Its transportation network brings together rideshare, bikes, scooters, car rentals and transit all in one app. The Company is singularly driven by its mission: to improve people’s lives with the world’s best transportation.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.