Lyft (LYFT) PT Raised to $82 at RBC Capital
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Lyft (LYFT) Reports Beat and Raise Quarter, PT Trimmed to $78 at UBS
October 31, 2019 6:22 AM EDTUBS 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 EDTBarclays 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 EDTBy 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 EDTLyft (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
