Jefferies Financial Group Raises Price Objective for Lyft from $9.00 to $11.00
August 2, 2023
🌥️Trending News
Jefferies Financial Group recently issued a report to investors, increasing their price objective for the ride-sharing company Lyft ($NASDAQ:LYFT) from $9.00 to $11.00. This increase in the stock’s target price is indicative of the growth that is being seen within the company and the potential it has to increase investor profits. With several different ways to use Lyft services, including shared rides, luxury rides, and even bike-sharing, the company has had no problem growing their user base and providing a reliable service for their customers. With this increased target price, investors will have even more incentive to add Lyft shares to their portfolio and take advantage of the potential gains that could be seen in the near future.
Share Price
The increased price objective indicates that there is potential for higher levels of growth and return on investment in the near future. Lyft_from_9.00_to_11.00″>Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Lyft. More…
| Total Revenues | Net Income | Net Margin |
| 4.22k | -1.58k | -35.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Lyft. More…
| Operations | Investing | Financing |
| -158.98 | 709.66 | -93.23 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Lyft. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.53k | 4.15k | 1.01 |
Key Ratios Snapshot
Some of the financial key ratios for Lyft are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 3.6% | – | -36.7% |
| FCF Margin | ROE | ROA |
| -6.9% | -251.2% | -21.4% |
Analysis
GoodWhale recently conducted an analysis of LYFT‘s wellness. Our findings show that based on our Risk Rating, LYFT is a medium risk investment in terms of financial and business aspects. While LYFT’s financial statements appear to be in good shape, there are a few risk warnings in their balance sheet and financial journals that could be cause for concern. We recommend investors take a closer look at these risk warnings and take the necessary steps to mitigate the risks. Additionally, we invite investors to visit our website at goodwhale.com to review this analysis in detail and determine if they wish to proceed with an investment in LYFT. More…
Peers
The competition among Lyft Inc, Forge Global Holdings Inc, SK Hynix Inc, and CE Info Systems Ltd is fierce. All four companies are vying for a share of the market, and each has its own strengths and weaknesses. Lyft Inc is a relative newcomer to the market, but it has quickly established itself as a major player. Forge Global Holdings Inc is a large company with a long history in the industry. SK Hynix Inc is a smaller company, but it has a strong reputation for quality. CE Info Systems Ltd is a small company, but it has a very innovative product.
– Forge Global Holdings Inc ($NYSE:FRGE)
Founded in 2001, Forge Global Holdings Inc is a provider of investment banking and capital markets services. The company has a market cap of 301.72M as of 2022 and a Return on Equity of -4.23%. The company offers a range of services, including mergers and acquisitions, public and private placement of debt and equity securities, and advising on restructurings and other corporate finance matters.
– SK Hynix Inc ($KOSE:000660)
SK Hynix is a South Korean semiconductor company that produces dynamic random-access memory (DRAM) chips and flash memory chips. SK Hynix is the world’s second-largest memory chipmaker after Samsung Electronics. The company has a market capitalization of US$65.46 billion as of March 2021.
SK Hynix was founded in 1983 as a joint venture between Hyundai Electronics and Samsung Electronics. The company’s main manufacturing facility is located in Icheon, South Korea. SK Hynix also has fabrication plants in China, the United States, and Taiwan.
The company’s products are used in a variety of electronic devices, including personal computers, servers, mobile devices, and digital cameras. SK Hynix is a major supplier of DRAM chips to companies such as Apple, Samsung, and Dell.
SK Hynix reported a 15.68% return on equity for the year ended December 31, 2020.
– CE Info Systems Ltd ($BSE:543425)
HCL Technologies Ltd, a leading global technology company, has a market cap of $70.19 billion as of March 2022. The company’s return on equity (ROE) is 18.0%. HCL Technologies is a provider of IT services, including digital, technology, consulting, and operations services. The company has a strong presence in India, the United States, Europe, and Asia Pacific.
Summary
Investors of Lyft have reason to be optimistic as Jefferies Financial Group recently increased its price objective from $9.00 to $11.00. This is a positive sign that suggests Lyft’s stock value is likely to continue to rise in the future. Analysts believe that the company’s strong financials and record-breaking quarterly results show signs of long-term growth potential.
Additionally, the company’s innovative approach to the ride-sharing industry is expected to bring further benefits as they look to expand into new markets. Overall, it looks as though Lyft has a bright future ahead and investors should consider it a prudent option amidst current market conditions.
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