Lyft (LYFT) PT Raised to $82 at RBC Capital

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Go back to Lyft (LYFT) PT Raised to $82 at RBC Capital

Lyft (LYFT) Reports Beat and Raise Quarter, PT Trimmed to $78 at UBS

October 31, 2019 6:22 AM EDT

UBS analyst Eric Sheridan lowered the price target on Lyft (NASDAQ: LYFT) to $78.00 (from $85.00) after the company reported 3Q19 earnings reporting upside to operating estimates and raising the forward guidance & broadly framing a constructive narrative around US ride sharing demand, pricing, and margins.

The... More

Lyft (LYFT) PT Lowered to $51 at Barclays

October 31, 2019 4:45 AM EDT

Barclays analyst Ross Sandler lowered the price target on Lyft (NASDAQ: LYFT) to $51.00 (from $63.00) while maintaining a Equalweight rating.... More

Lyft sees 'path to profitability' as riders, revenues increase

October 30, 2019 4:20 PM EDT

By Tina Bellon and Noor Zainab Hussain

(Reuters) - Ride-hailing company Lyft Inc (NASDAQ: LYFT) on Wednesday said higher-than-expected third-quarter revenues and an improved outlook showed it was well on its way to profitability by the end of 2021.

As pressure to become profitable mounts in the ride-hailing industry, Lyft executives said a growing number of customers were now paying full price for their rides, with discounts and promotional incentives decreasing.

Lyft, which operates in 300 cities in the United States and Canada, said its active rider customer base grew to 22.3 million,... More

Lyft (LYFT) Tops Q3 EPS by 9c, Revs Beat; Raises Outlook

October 30, 2019 4:09 PM EDT

Lyft (NASDAQ: LYFT) reported Q3 EPS of ($1.57), $0.09 better than the analyst estimate of ($1.66). Revenue for the quarter came in at $956 million versus the consensus estimate of $915.04 million.

Our third quarter results demonstrated the significant progress Lyft has made on our path to profitability.... More