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In this article, we discuss the LYFT stock price prediction for upcoming years. We describe the essential information about LYFT Inc (NASDAQ: LYFT) along with the stock price prediction for the next 10 years.
Through this blog post, you can analyze whether your investment in LYFT stock is worth it for the next 10 years. We just provide the price prediction of the LYFT stock by using our technical analysis and indicators.
What is LYFT stock?
Lyft Inc. is a transportation network company headquartered in San Francisco, California. The company operates in approximately 300 cities and has over 2 million drivers. Lyft matches drivers with passengers through its smartphone app and offers discounted rides to passengers as an incentive for drivers to join the network.
Lyft was founded by Logan Green and John Zimmer on June 20, 2012. The founders had previously worked for the management consulting firm Zimride, which focused on carpooling as a business model. Lyft's name comes from the phrase "to give someone a lift."The founders had previously started a car service called Zimride which was similar to Uber but focused on long-distance trips rather than short ones.
The company raised $60 million in Series A funding from Sequoia Capital between April 2013 and January 2014, after which it began operations in New York City under the name "Zimride".
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Lyft has raised $4 billion from investors such as General Motors (GM), Andreessen Horowitz, and Alphabet (Google) Ventures until now.
In December 2014, Lyft announced a partnership with China's Didi Chuxing; Didi invested $100 million into Lyft with an additional $1 billion commitment towards developing joint projects.
| Valuation Measures | Price & Value |
| LYFT stock price | $11.61 USD |
| Market Cap | 4.41 Billion |
| Enterprise Value | 3.70 Billion |
| 52 Week Range | $10.82 - $57.68 USD |
| Total Cash (mrq) | 1.81 Billion |
| S&P500 52-Week Change | -16.97% |
| Profit Margin | -24.44% |
| Price/Sales (ttm) | 1.16 |
| Price/Book (mrq) | 4.56 |
| Enterprise Value/Revenue | 1.00 |
| Enterprise Value/EBITDA | -5.10 |
LYFT Stock Price Prediction 2022
| LYFT Stock Price Prediction | Year |
| $15 to $40 | 2022 |
The first price target of Lyft stock is $15 and the second price of LYFT stock is $40 at the end of 2022. Day by day, this company do changes in the app that is helpful for drivers and customers.
They provide the upfront payment to the drivers and give the fuel surge to the drivers. In this way, they attract more people to register as Lyft drivers. As you all know meanwhile uber upfront payment system is criticized by drivers. So, Lyft takes the advantage of this thing.
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In the winter, the demand for rides increases. We can expect the Lyft stock price plunge to $40 at the end of this year.
LYFT Stock Price Prediction 2023
| LYFT Stock Price Prediction | Year |
| $30 to $90 | 2023 |
LYFT Stock Price Prediction 2025
| LYFT Stock Price Prediction | Year |
| $70 to $200 | 2025 |
LYFT Stock Price Prediction 2030
| LYFT Stock Price Prediction | Year |
| $250 to $670 | 2030 |
Lyft’s primary mode of operation is ride-hailing, wherein users can hail a ride from private drivers with their smartphones. Lyft also offers shared ride services, where multiple passengers are picked up at the same time and dropped off at the same location.
Now, Lyft has done some changes in the app that give more access to the drivers such as drop-off locations, estimated distance as well as time before accepting the ride. These features attract more drivers to do LYFT as LYFT drivers. The company also plans to expand its services in more cities.
If this company grows like this then we can expect our stock price target of $670 reached in 2030.
LYFT Stock Price Forecast 2022, 2023, 2025, & 2030
| LYFTStock Price Forecast | Year |
| $15 to $40 | 2022 |
| $30 to $90 | 2023 |
| $70 to $200 | 2025 |
| $250 to $670 | 2030 |
Frequently Asked Question
What is Lyft's stock forecast for 2025?
The low price target of Lyft stock is $30 and the high price target of Lyft stock is $90 USD in 2025. After the pandemic, the company starts to grow in the US. Now, they have planned to start their services in more cities. This will increase the revenue of the company and its stock go up in the upcoming years.
What is Lyft's stock forecast for 2022?
As per technical analysis, the first price target of lyft stock is $30 USD and the second price target of lyft stock is $90 USD in 2022. Lyft offers shared ride services, where multiple passengers are picked up at the same time and dropped off at the same location. Now, drivers have access to see the drop-off locations of customers. These factors attract more drivers to do this.
Conclusion
New features in the lyft app attract more drivers which is a good thing for the company. They provide the upfront payment to the drivers. As I mentioned earlier, new features of the app can elevate the lyft stock price in the future.
Lyft’s primary mode of operation is ride-hailing, wherein users can hail a ride from private drivers with their smartphones. Lyft also offers shared ride services, where multiple passengers are picked up at the same time and dropped off at the same location.