Lyft's weak rider numbers, Omicron hit outweigh first full-year profit
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Lyft (LYFT) PT Lowered to $54 at Susquehanna
February 9, 2022 6:23 AM ESTSusquehanna analyst Shyam Patil lowered the price target on Lyft (NASDAQ: LYFT) to $54.00 (from $80.00) while maintaining a Positive rating following results.
The analyst commented, "Omicron has unsurprisingly impacted ridesharing demand, driving the 1Q guide below expectations. However, LYFT is still cautiously optimistic that... More
Lyft (LYFT) Stock Falls 6% Despite Strong Q4 Revenue
February 8, 2022 5:22 PM ESTLyft (NASDAQ: LYFT) shares were trading 6% lower after-hours, despite the companys reported Q4 revenue of $969.9 million (up 70% year-over-year) coming in better than the consensus estimate of $939.06 million. While the companys total active drivers grew 34% year-over-year in Q4, the number came in worse... More
Uber (UBER) Trades Lower in Sympathy with Lyft (LYFT) Following Lyft Results
February 8, 2022 4:48 PM ESTUber (NYSE: UBER) Trades Lower in Sympathy with Lyft (NASDAQ: LYFT) Following Lyft Results
Lyft Down 6.3%Uber Down 1.75%... More