Engine Capital Nominates Two Highly Qualified and Independent Candidates for Election to Lyft’s Board of Directors at the 2025 Annual Meeting
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BMO Capital Reiterates Market Perform Rating on Lyft (LYFT)
April 16, 2025 9:54 AM EDTBMO 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 EDTBTIG 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 EDTGordon 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