Scotiabank Initiates Coverage of Lyft at Sector Perform
Fintel reports that on September 9, 2026, Scotiabank initiated coverage of Lyft (NASDAQGS:LYFT) with a Sector Perform recommendation.
Prior to this rating action, Lyft's stock closed at $16.24 on September 8, 2026. This price represents a -3.16% change over one week, compared to a baseline close of $16.77 on September 1, 2026. Over a longer one-month period, the stock experienced a -6.99% change from its baseline close of $17.46 on August 7, 2026.
As of August 28, 2026, the current consensus target mean for the stock was $19.85, while the current consensus target median was $18.36. This mean target represents an implied change of +22.22% from the stock's trading levels. This is an increase from the prior consensus target mean of $19.06 recorded on August 5, 2026, marking a consensus target revision percent of +4.16%.
In terms of aggregate analyst sentiment, the current recommendation period as of September 1, 2026, showed 6 strong buy, 17 buy, 31 hold, 1 sell, and 1 strong sell recommendations, totaling 56. This represents a current recommendation positive percent of 41.1%, a hold percent of 55.4%, and a negative percent of 3.6%. In the prior recommendation period as of August 1, 2026, there were 6 strong buy, 16 buy, 32 hold, 1 sell, and 1 strong sell recommendations, which resulted in a positive percent of 39.3%, a hold percent of 57.1%, and a negative percent of 3.6%.
Other recent analyst actions include Rosenblatt initiating coverage on September 1, 2026, with a Neutral rating. On August 10, 2026, Roth Capital reiterated its Buy rating, and Canaccord Genuity maintained its Hold rating.
Lyft reported its latest earnings on August 6, 2026. The company posted an actual EPS of 0.13, compared to an estimate of 0.145, representing an EPS surprise percent of -10.34%. The actual revenue for the quarter was $1,843,544,000,000,000.00, which compared to the estimated revenue of $1,842,636,089,000,000.00.
Lyft, Inc. is an American-based company predominantly engaged in the ridesharing industry. Founded in 2012 and headquartered in San Francisco, California, Lyft operates a mobile app offering vehicles for hire, motorized scooters, a bicycle-sharing system, and food delivery services.
Recent analyst actions
| Date | Analyst | Prior | Latest recommendation | Action |
|---|---|---|---|---|
| September 9, 2026 | Scotiabank | Sector Perform | initiated coverage | |
| September 1, 2026 | Rosenblatt | Neutral | initiated coverage | |
| August 10, 2026 | Roth Capital | Buy | Buy | reiterated |
| August 10, 2026 | Canaccord Genuity | Hold | Hold | maintained |
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This story originally appeared on Fintel.