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

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

Lyft to enter European market with $200 million FreeNow acquisition

April 16, 2025 7:36 AM EDT

By Akash Sriram

(Reuters) - Lyft is buying mobility platform FreeNow from German automotive giants BMW and Mercedes-Benz for 175 million euros ($198.40 million) to expand into the European ride-hailing market, the U.S. company said on Wednesday.

Under pressure from dominant ride-hailing rival Uber Technologies in its home North American market, Lyft has been seeking new avenues to grow its business.

The acquisition of FreeNow will nearly double its potential market and open doors to major... More

Lyft (LYFT) Expands in Europe, Diversifies by Acquiring FREENOW

April 16, 2025 7:30 AM EDT

Lyft, Inc. (Nasdaq: LYFT), a leading ride hailing marketplace, today announced it has entered into a definitive agreement to acquire FREENOW, a leading European multi-mobility app with a taxi offering at its core, from BMW Group and Mercedes-Benz Mobility for approximately 175 million or $197 million* in cash. FREENOW will continue operating as it does today, with its talented leadership team and employees in place to drive growth across 9 countries and over 150 cities across Ireland, the United Kingdom, Germany, Greece, Spain, Italy, Poland, France, and Austria. The transaction is expected to close in the second half of 2025,... More

Oppenheimer Starts Lyft (LYFT) at Outperform

April 16, 2025 6:59 AM EDT

(Updated - April 16, 2025 8:12 AM EDT)

Oppenheimer analyst Chad Larkin starts Lyft (NASDAQ: LYFT)at Outperform with a price target of $15.00.

The analyst comments "Initiating coverage of LYFT with an Outperform rating and a $15 price target, representing 10x 2026E EBITDA. We... More

RBC Capital's Internet Marketing Debates/Takeaways: META, AMZN, GOOGL

April 15, 2025 9:24 AM EDT

RBC Capital's Internet Marketing Debates/Takeaways: META, AMZN, GOOGL

The analyst commented: "Takeaways/key debates from 4 days of meetings last week in NYC & Boston: 1) Investors' rank order for mega caps with most adverse exposure to tariffs would be META followed by GOOGL & AMZN (interesting flag from Smart eCommerce on Temu's Google Shopping ads dropping significantly starting on 4/9). 2) Smaller ad names PINS and SNAP have largely been written off on views of almost certain macro disruption. 3) Split debate on where ad spend holds up better between GOOGL & META where the question is whether perceptions of META's recent superior idio performance... More