Lyft shares gain on mid-term guidance

Roth/MKM Reiterates Neutral Rating on Lyft (LYFT)

June 10, 2024 7:25 AM EDT

Roth/MKM analyst Rohit Kulkarni reiterated a Neutral rating and $19.00 price target on Lyft (NASDAQ: LYFT).

The analyst comments "On Thursday, June 6, Lyft hosted its first-ever investor day since its March 2019 IPO. We are impressed by Lyft's three-year outlook implying $25bn... More

UBS Reiterates Neutral Rating on Lyft (LYFT)

June 7, 2024 10:55 AM EDT

UBS analyst Lloyd Walmsley reiterated a Neutral rating and $19.00 price target on Lyft (NASDAQ: LYFT).

The analyst comments "We walk away from Lyft's first investor day directionally more positive as it set 2024- 2027 targets ahead of consensus. Key guidance parameters included: 1) 2024-2027... More

Bernstein SocGen Group Reiterates Market Perform Rating on Lyft (LYFT)

June 7, 2024 10:46 AM EDT

Bernstein SocGen Group analyst Nikhil Devnani reiterated a Market Perform rating and $19.00 price target on Lyft (NASDAQ: LYFT).

The analyst comments "LYFT hosted its inaugural Investor Day in New York yesterday. The company came out swinging with a strong set of guidance that implies... More

Analysts upgrade Lyft as investor day ups confidence

June 7, 2024 6:56 AM EDT

Lyft (NASDAQ: LYFT) was upgraded to Buy at both Gordon Haskett and Bank of America in notes Friday after the company released mid-term guidance on Thursday.

Analysts at Gordon Haskett lifted the stock to Buy from Hold with a $20 per share price target, saying... More

Evercore ISI Reiterates In Line Rating on Lyft (LYFT)

June 7, 2024 4:51 AM EDT

Evercore ISI analyst Mark Mahaney reiterated an In Line rating and $18.00 price target on Lyft (NASDAQ: LYFT).

The analyst comments "We attended LYFTs first investor day in NYC and came away more constructive on the companys growth and profit prospects. LYFT... More

Lyft forecasts 15% annual growth in gross bookings through 2027, shares jump

June 6, 2024 9:26 AM EDT

By Yuvraj Malik

(Reuters) -Lyft is targeting a 15% annual increase in gross bookings through 2027, the ride-hailing firm said at its inaugural investor day event, adding that its nascent advertising business is expected to grow eight-fold during the same period.

The company's shares rose nearly 10% to $17.03 on Thursday.

The forecast signals Lyft could maintain its position in the North American ride-sharing market, where it lags Uber, even as both the companies... More

RBC Capital Reiterates Outperform Rating on Lyft (LYFT)

June 6, 2024 9:23 AM EDT

RBC Capital analyst Brad Erickson reiterated an Outperform rating and $24.00 price target on Lyft (NASDAQ: LYFT).

The analyst comments "The long-awaited LT guidance. In advance of its analyst day, LYFT provided 2027 guidance including a 15% bookings CAGR (Street at 14% to 2026) implying $25B of gross... More

Lyft (LYFT) sees Adjusted EBITDA margin of approximately 4% on a full-year basis in 2027

June 6, 2024 8:45 AM EDT

Lyft, Inc. (NASDAQ: LYFT) (the Company or Lyft) will host its first Investor Day today. The event will feature presentations by Lyfts CEO David Risher, CFO Erin Brewer, and other leaders from across the Company, who will discuss Lyfts plans for its next phase of profitable growth. The event will conclude with a live Q&A session.

Lyfts customer-obsessed strategy is working. Our execution keeps getting better, were delivering industry-leading innovation, and we are working closely with partners to create great shared customer experiences, said CEO David Risher. Were excited... More

Lyft (LYFT) call put ratio 3.1 calls to 1 put into investor meeting

June 6, 2024 3:15 AM EDT

Lyft (NASDAQ: LYFT) 30-day option implied volatility is at 62; compared to its 52-week range of 50 to 98 into hosting an investor meeting today. Call put ratio 3.1 calls to 1 put.

... More