Lyft Announces Results for First Quarter 2024
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Lyft (LYFT) PT Raised to $18 at JPMorgan
May 8, 2024 4:03 PM EDTJPMorgan analyst Doug Anmuth raised the price target on Lyft (NASDAQ: LYFT) to $18.00 (from $13.00) while maintaining a Neutral rating.
The analyst comments "Lyft reported healthy 1Q results w/20%+ growth in Rides & Gross Bookings along w/strength in Revenue (+28%) & FCF +$127M, while increasing its FCF outlook for the year to 70%+ conversion of EBITDA, up from 50% previously. We believe Lyft is... More
Lyft (LYFT) PT Raised to $24 at RBC Capital
May 8, 2024 6:27 AM EDTRBC Capital analyst Brad Erickson raised the price target on Lyft (NASDAQ: LYFT) to $24.00 (from $23.00) while maintaining a Outperform rating.
The analyst comments "LYFT's Q1 was mostly solid with a beat & raise for Q1/Q2 and a reiterated FY outlook that looks increasingly... More
Lyft (LYFT) PT Raised to $18 at Evercore ISI
May 8, 2024 5:17 AM EDTEvercore ISI analyst Mark Mahaney raised the price target on Lyft (NASDAQ: LYFT) to $18.00 (from $14.00) while maintaining a In Line rating.
The analyst comments "We maintain our In-Line rating in the wake of Modest But Mixed Beat & Raise Q1. The key... More
Lyft (LYFT) PT Raised to $19 at Bernstein SocGen Group
May 8, 2024 4:55 AM EDTBernstein SocGen Group analyst Nikhil Devnani raised the price target on Lyft (NASDAQ: LYFT) to $19.00 (from $15.00) while maintaining a Market Perform rating.
The analyst comments "What a difference a year (and a half) makes. Exiting 2022, LYFT didnt have enough drivers.... More
Lyft (LYFT) Q1 Revenue Beats Estimates
May 7, 2024 4:08 PM EDTLyft (NASDAQ: LYFT) reported Q1 EPS of ($0.08), $0.16 worse than the analyst estimate of $0.08. Revenue for the quarter came in at $1.3 billion versus the consensus estimate of $1.16 billion.
Second Quarter 2024 Outlook:
Gross Bookings of approximately $4.0 billion to $4.1 billion.Adjusted EBITDA of $95... More