Lyft stock slumps on weaker-than-expected forecast, reports Q2 profit
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Lyft (LYFT) PT Lowered to $11 at DA Davidson
August 8, 2024 4:02 PM EDTDA Davidson analyst Tom White lowered the price target on Lyft (NASDAQ: LYFT) to $11.00 (from $18.00) while maintaining a Neutral rating.
The analyst comments "Revenue estimates largely unchanged; EBITDA forecasts trimmed on incremental investment - Our 2024 and 2025 revenue forecasts are effectively unchanged. Our 2024... More
Lyft (LYFT) PT Lowered to $17 at RBC Capital
August 8, 2024 6:25 AM EDTRBC 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
August 7, 2024 4:01 PM EDTRBC 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
August 7, 2024 3:40 PM EDTTruist 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
August 7, 2024 2:21 PM EDTMoffettNathanson 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
August 7, 2024 12:42 PM EDTCanaccord 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 (LYFT) Tops Q2 EPS by 5c; outlook misses consensus
August 7, 2024 6:13 AM EDTLyft (NASDAQ: LYFT) reported Q2 EPS of $0.01, $0.05 better than the analyst estimate of ($0.04). Revenue for the quarter came in at $1.44 billion versus the consensus estimate of $1.39 billion.
Sees gross bookings about $4 billion to $4.1 billion, estimate $4.14 billion
Sees adjusted Ebitda $90 million to $95 million, estimate $104... More
