Lyft Expands in Europe, Diversifies by Acquiring FREENOW

BMO Capital Reiterates Market Perform Rating on Lyft (LYFT)

April 16, 2025 9:54 AM EDT

BMO Capital analyst Brian J. Pitz reiterated a Market Perform rating and $15.00 price target on Lyft (NASDAQ: LYFT).

The analyst comments "FREENOW: An Online Taxi and Rideshare Platform Online Taxis comprise 78%/87% of Rides/Gross Bookings for FREENOW, while Rideshare generated just 15%/10%. Lyft continues to innovate for Riders (Wait & Save and Prime-Time) and Drivers (ETA tools), which should help grow the Rideshare segment and digitize the Taxi product for FREENOW. Further, FREENOW offers customers micromobility options, primarily... More

BTIG Reiterates Neutral Rating on Lyft (LYFT)

April 16, 2025 9:35 AM EDT

BTIG analyst Jake Fuller reiterated a Neutral rating on Lyft (NASDAQ: LYFT).

The analyst comments "LYFT announced the acquisition of FREENOW, a European online taxi aggregator-rideshare platform for $197M. First Take: 1) The acquisition will add ~7 pts to annualized GB and bolster LYFT's... More

Gordon Haskett Out Positive on Buy-rated Lyft (LYFT)

April 16, 2025 8:26 AM EDT

Gordon Haskett Out Positive on Buy-rated Lyft (NASDAQ: LYFT)

Writes to clients that they continue to be positive and remain buyers of the stock.Expects upward EBITDA revisions coupled with an expansion of the valuation multiple.Believes investors with brush... More

Engine Capital (1pct Investors in LYFT) Nominates Two Candidates to Lyft (LYFT) Board

April 16, 2025 8:02 AM EDT

Engine Capital LP (together with its affiliates, Engine or we), which owns approximately one percent of the outstanding common shares of Lyft, Inc. (NASDAQ: LYFT) (Lyft or the Company), today announced that it is filing a preliminary proxy statement in connection with its nomination of two highly qualified and independent candidates Alan L. Bazaar and Daniel B. Silvers for election to the Companys Board of Directors (the Board) at the 2025 Annual Meeting of Shareholders (the Annual Meeting).

Arnaud Ajdler, Founder and Portfolio Manager of Engine, commented:

There is an urgent need for shareholder-driven change in Lyfts... More