Goldman cuts target to USD 22.00 for Lyft stock

Published on 10/17/2026 at 18:57 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Lyft's next results come November 5, 2026. Lyft stock costs USD 16.82 on October 16, 2026, down 1.98 percent versus Nasdaq's prior close.

Analyst target and trading date

Goldman Sachs cut its Lyft target from USD 24.00 to USD 22.00 on October 13, 2026.
Lyft's next earnings call is scheduled for November 5, 2026.
Lyft stock cost USD 16.82 at Nasdaq on October 16, 2026, down 1.98 percent versus the Nasdaq close of October 15, 2026.
Lyft had a P/E ratio of 2.44 and a market capitalization of USD 6.4 billion on October 16, 2026.

LYFT, US55087P1049, Illustration mit AI erstellt.

Goldman Sachs analyst Eric Sheridan maintained a Buy rating on Lyft and cut the target from USD 24.00 to USD 22.00 on October 13, 2026, according to Moomoo News. The new target stood 30.80 percent above Lyft's Nasdaq closing price of USD 16.82 on October 16, 2026.

Lyft's next earnings call is scheduled for November 5, 2026, covering the third quarter of 2026, according to the company's investor-relations page at Lyft. The date gives the market a defined checkpoint after the October target revision.

Price sits below the yearly high

Lyft closed at USD 16.82 on Nasdaq on October 16, 2026, down 1.98 percent from the USD 17.16 close of October 15, 2026. The session ranged from USD 16.48 to USD 17.27, while volume reached 9.41 million shares against an average of 10.78 million. The stock stood 34.14 percent below its 52-week high of USD 25.54 and 35.07 percent above its 52-week low of USD 12.46. Year to date, Lyft was down 13.16 percent.

Targets and valuation remain central

The Goldman Sachs target cut leaves a wide gap between the analyst view and the latest close. Wells Fargo had cut its target from USD 19.00 to USD 17.00 on October 5, 2026, while maintaining an Equal Weight rating, as Markets Insider reported. Lyft's market capitalization was USD 6.4 billion and its trailing P/E ratio was 2.44 on October 16, 2026. The company paid no dividend yield at that date.

Comparison with peers

Lyft: minus 1.98 percent, P/E 2.44, market capitalization USD 6.4 billion
Uber (NYSE, USD): minus 1.29 percent, P/E 15.46, market capitalization USD 143.7 billion
DoorDash (Nasdaq, USD): minus 2.02 percent, P/E 99.03, market capitalization USD 82.0 billion

The Nasdaq close sets the measure

Lyft's latest move was weaker than Uber's decline but slightly smaller than DoorDash's, placing the stock between the two peers on the October 16, 2026 session. The next scheduled earnings call on November 5, 2026 is the next dated company event.

Lyft stock stood at USD 16.82 on Nasdaq on October 16, 2026 at 4:00 p.m. EDT, down 1.98 percent versus the Nasdaq close of October 15, 2026 at USD 17.16.