Lyft Announces Q2 2024 Results, Including First-Ever Quarter of GAAP Profitability

Lyft (LYFT) PT Lowered to $17 at RBC Capital

RBC Capital analyst Brad Erickson lowered the price target on Lyft (NASDAQ: LYFT) to $17.00 (from $24.00) while maintaining a Outperform rating.

The analyst comments "LYFT's print wasn't great. Positively, the company is organically driving lower prices through operational improvements which should drive... More

Lyft (LYFT) PT Lowered to $17 at RBC Capital

RBC Capital analyst Brad Erickson lowered the price target on Lyft (NASDAQ: LYFT) to $17.00 (from $24.00) while maintaining a Outperform rating.

The analyst comments "LYFT's print wasn't great. Positively, the company is organically driving lower prices through operational improvements which should drive... More

Lyft (LYFT) PT Lowered to $13 at Truist Securities

Truist Securities analyst Youssef Squali lowered the price target on Lyft (NASDAQ: LYFT) to $13.00 (from $18.00) while maintaining a Hold rating.

The analyst comments "With 2Q24 results virtually in line and a light 3Q24 guide, we remain on the sidelines awaiting additional proof... More

Lyft (LYFT) PT Lowered to $10 at MoffettNathanson

MoffettNathanson analyst Michael Morton lowered the price target on Lyft (NASDAQ: LYFT) to $10.00 (from $14.00) while maintaining a Buy rating.

The analyst comments "All in all, 2Q results and 3Q guidance gave us no reason to improve our 2027E Gross Bookings outlook that... More

Lyft (LYFT) PT Lowered to $18 at Canaccord Genuity

Canaccord Genuity analyst Michael Graham lowered the price target on Lyft (NASDAQ: LYFT) to $18.00 (from $23.00) while maintaining a Buy rating.

The analyst comments "Lyft reported a generally solid quarter in Q2, with gross bookings slightly below consensus but within the guidance range while revenue and profitability were modestly above expectations.... More

Lyft stock slumps on weaker-than-expected forecast, reports Q2 profit

(Updated - August 7, 2024 10:12 AM EDT)

Shares in Lyft (NASDAQ: LYFT) fell more than 13% on Wednesday after the ride-hailing firm issued a soft forecast for the fiscal Q3.

For Q2, the company posted earnings per share (EPS) of $0.01, surpassing the expectations of a loss per share of $0.04. Revenue for the quarter... More