Lactic acid is a weak acid, yes. The pKa of lactic acid is 3.86 (the lower the pKa, the stronger the acid. In general, strong acids are the acids having pKa values less than or equal to 0
For the second part of your question, you can use the Henderson Hasselbach equation to get this, but an easier way is just to estimate it based on the pKa. For every 1 unit of difference between pKa and pH, the ratio of protonated vs deprotonated acid will change by a factor of 10. Therefore, at pH = 7.86, you would have 10,000 times as much lactate (deprotonated) as lactic acid (protonated). So, at pH= 7.4, this would be slightly smaller (7.4 - 3.86 = 3.54
10
3.54 = 3467 )
So, at physiological pH, you have essentially 3500x as much deprotonated lactic acid as protonated. It is, however, still considered weak.