Lyft (LYFT) Tops Q2 EPS by 4c; offers outlook
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Go back to Lyft (LYFT) Tops Q2 EPS by 4c; offers outlook
August 8, 2024 4:02 PM EDT
DA 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
August 8, 2024 6:25 AM EDT
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
August 7, 2024 4:01 PM EDT
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
August 7, 2024 3:40 PM EDT
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
August 7, 2024 2:21 PM EDT
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
August 7, 2024 12:42 PM EDT
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
