Lyft investor Engine Capital names board nominees in start to proxy battle
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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
