Lyft (LYFT) Stock Forecast & Price Target

Lyft is anticipated to approach $1 billion in EBITDA by 2027, surpassing market expectations, which indicates the stock's valuation remains appealing. The company's recent partnership with Waymo has enhanced its credibility in the ride-sharing market and positioned it competitively against Uber, further solidifying its status in the autonomous vehicle conversation. Additionally, Lyft's ongoing efforts to develop a healthier free cash flow profile suggest promising fundamentals that may attract long-term investors.

Lyft's financial outlook appears precarious as consensus estimates indicate a projected shortfall of approximately $1.5 billion against its target of ~$25 billion in gross bookings for 2027, along with a projected EBITDA deficit of nearly $175 million from its ~$1 billion target. The disconnect between the company's ambitious targets and the current realities of performance has led to persistent skepticism among both investors and analysts. This ongoing disillusionment is compounded by Lyft's inability to regain investor confidence, despite the company's more tempered outlook amid market conditions.