UBS Reiterates Neutral Rating on Lyft (LYFT)

BofA Securities Reiterates Buy Rating on Lyft (LYFT)

BofA Securities analyst Michael McGovern reiterated a Buy rating and $20.00 price target on Lyft (NASDAQ: LYFT).

The analyst comments "Today, gig-companies lost a federal appeal to the 9th circuit US Court of Appeals whereby they argued that the California state legislatures Assembly Bill 5 unconstitutionally egregiously targets gig-economy network companies and irrationally discriminates against those... More

Roth/MKM Reiterates Neutral Rating on Lyft (LYFT)

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

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

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

Lyft (LYFT) PT Raised to $18 at TD Cowen

TD Cowen analyst John Blackledge raised the price target on Lyft (NASDAQ: LYFT) to $18.00 (from $16.00) while maintaining a Hold rating.

The analyst commented, "Lyft on 6/6 held its first Investor Day in NYC, with presentations from senior leaders detailing key LT strategies... More

KeyBanc Reiterates Sector Weight Rating on Lyft (LYFT)

KeyBanc analyst Justin Patterson reiterated a Sector Weight rating on Lyft (NASDAQ: LYFT).

The analyst commented, "Lyft's investor day reinforced that management has made foundational changes that lay the groundwork for future profitability. We are encouraged by the 4% EBITDA margin target for... More

Midday movers: GameStop, DocuSign fall; Lyft, Geron rise

(Updated - June 7, 2024 11:18 AM EDT)

Investing.com -- U.S. stock futures were choppy Friday after data from the Labor Department showed stronger than expected job growth in May, reducing the likelihood the Fed will begin lowering interest rates in September.

Here are some of the biggest U.S. stock movers today:

GameStop (NYSE: GME) slumped 20% after the video... More

Fox Advisors Upgrades Lyft (LYFT) to Outperform

Fox Advisors analyst Steven Fox upgraded Lyft (NASDAQ: LYFT) from Equalweight to Outperform with a price target of $20.00.

For an analyst ratings summary and ratings history on Lyft click here. For more ratings news on Lyft click here.

Shares of Lyft closed at $15.69 yesterday.

Lyft (LYFT) PT Raised to $19 at BMO Capital

BMO Capital analyst Brian J. Pitz raised the price target on Lyft (NASDAQ: LYFT) to $19.00 (from $18.00) while maintaining a Market Perform rating.

The analyst commented, "Lyft hosted an Investor Day and while management continues to innovate for both Riders and... More

Analysts upgrade Lyft as investor day ups confidence

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

Lyft (LYFT) PT Raised to $21 at Goldman Sachs

Goldman Sachs analyst Eric Sheridan raised the price target on Lyft (NASDAQ: LYFT) to $21.00 (from $19.00) while maintaining a Neutral rating.... More

BofA Securities Upgrades Lyft (LYFT) to Buy

(Updated - June 7, 2024 9:32 AM EDT)

BofA Securities analyst Michael McGovern upgraded Lyft (NASDAQ: LYFT) from Underperform to Buy with a price target of $20.00 (from $15.00).

The analyst comments "Lyft hosted its first-ever Investor Day and gave targets through 2027, with 2027E Bookings of... More

Gordon Haskett Upgrades Lyft (LYFT) to Buy (1)

Gordon Haskett analyst Robert Mollins upgraded Lyft (NASDAQ: LYFT) from Hold (3) to Buy (1) with a price target of $20.00 (from $17.00).

For an analyst ratings summary and ratings history on Lyft click here. For more ratings news on Lyft click here.

Shares of Lyft closed at $15.69 yesterday.

Evercore ISI Reiterates In Line Rating on Lyft (LYFT)

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

Loop Capital Upgrades Lyft (LYFT) to Buy

Loop Capital analyst Rob Sanderson upgraded Lyft (NASDAQ: LYFT) from Hold to Buy with a price target of $20.00.

The analyst comments: "We are upgrading our rating on Lyft to Buy from Hold following a positive update and new long-term targets provided at yesterdays... More

Lyft (LYFT) maintained at Buy by Canaccord Genuity following Investor's day

Canaccord Genuity analyst Michael Graham maintained a Buy rating on Lyft (NASDAQ: LYFT) and maintained a $23 price target, after the company hosted its annual Investor Day.

The analyst commented: "Lyft's investor day reinforced that the company is making meaningful progress solidifying the... More

Lyft shares gain on mid-term guidance

Lyft (NASDAQ: LYFT) shares are up more than 5% today after the company outlined its mid-term guidance for profitable growth.

The positive outlook is driving the rally in stock price. Lyft expects to see a Gross Bookings compound annual growth rate of approximately 15% between 2024... More

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

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)

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

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

Midday movers: Lululemon, Lyft rise; Five Below, Victoria's Secret fall

(Updated - June 6, 2024 11:50 AM EDT)

Investing.com -- U.S. stock futures traded in tight ranges Thursday following the release of weekly initial jobless claims data, ahead of Fridays key nonfarm payrolls report. Today's data hinted at more softening in the labor market.

Here are some of the biggest U.S. stock movers today:

Nvidia (NASDAQ: NVDA) stock fell 1.7%, paring gains after the artificial intelligence chip designers market cap topped... More

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

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.

Lyft (LYFT) call put ratio 1.7 calls to 1 put into hosting an investor meeting

Lyft (NASDAQ: LYFT) 30-day option implied volatility is at 59; compared to its 52-week range of 50 to 98 into hosting an investor meeting on June 6, 2024. Call put ratio 1.7 calls to 1 put.

Lyft (LYFT) option iV into investor meeting

Lyft (NASDAQ: LYFT) 30-day option implied volatility is at 61; compared to its 52-week range of 50 to 98 into hosting an investor meeting on June 6, 2024. Call put ratio 1.9 calls to 1 put.