Lyft, Inc. (LYFT)
| Market Cap | 5.29B |
| Revenue (ttm) | 4.68B |
| Net Income (ttm) | -184.21M |
| Shares Out | 394.95M |
| EPS (ttm) | -0.47 |
| PE Ratio | n/a |
| Forward PE | 17.21 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 17,306,108 |
| Open | 13.98 |
| Previous Close | 13.97 |
| Day's Range | 13.39 - 14.04 |
| 52-Week Range | 8.85 - 20.82 |
| Beta | 2.10 |
| Analysts | Buy |
| Price Target | 18.33 (+36.79%) |
| Earnings Date | Aug 6, 2024 |
About LYFT
Lyft, Inc. operates a peer-to-peer marketplace for on-demand ridesharing in the United States and Canada. It operates multimodal transportation networks that offer access to various transportation options through the Lyft platform and mobile-based applications. The company's platform provides a ridesharing marketplace, which connects drivers with riders; Express Drive, a car rental program for drivers; and a network of shared bikes and scooters in various cities to address the needs of riders for short trips. It also offers centralized tools an... [Read more]
Financial Performance
In 2023, Lyft, Inc.'s revenue was $4.40 billion, an increase of 7.53% compared to the previous year's $4.10 billion. Losses were -$340.32 million, -78.52% less than in 2022.
Financial StatementsAnalyst Forecast
According to 30 analysts, the average rating for LYFT stock is "Buy." The 12-month stock price forecast is $18.33, which is an increase of 36.79% from the latest price.
News
Uber and Lyft Agree to Raise Driver Pay in Massachusetts
Ride-sharing companies Uber (UBER) and Lyft (LYFT) have been pushed to pay drivers more in states across the country, with the latest pay increases coming Thursday in Massachusetts.
Uber and Lyft agree to minimum pay and benefits for Massachusetts drivers
Ride-share companies sign off on $175m settlement that will give workers paid sick leave and other protections
Uber and Lyft Settle Massachusetts Lawsuit, End Ballot Initiative
Uber and Lyft agreed to a settlement with the Massachusetts Office of the Attorney General, resolving the office's multiyear litigation against the ridesharing companies. The settlement includes rules...
Uber and Lyft agree to pay drivers $32.50 an hour in Massachusetts settlement
BOSTON — Drivers for Uber and Lyft will earn a minimum pay standard of $32.50 per hour under a settlement announced Thursday by Massachusetts Attorney General Andrea Campbell, in a deal that also incl...
Uber and Lyft Agree to Increase Driver Benefits in Massachusetts
The deal, which includes a $175 million settlement with the state, keeps the drivers classified as independent contractors, not employees.
Uber, Lyft Agree to Minimum Wage, Other Benefits for Drivers in Massachusetts
Uber Technologies and Lyft agreed to pay ride-share drivers in Massachusetts a minimum wage and give them other benefits while continuing to classify them as independent contractors, the latest develo...
Lyft CEO bets on 'customer obsession' to drive growth
Lyft (LYFT) hosted its first-ever investor day, during which the rideshare company unveiled plans to achieve a 15% annual growth rate in gross bookings. Lyft CEO David Risher joins Market Domination t...
Lyft Gains as Analysts Upgrade After Investor Day
Lyft shares rose following the ride-hailing firm's investor day, with a slew of analysts boosting their ratings, including a double-upgrade at BofA. Lyft CEO David Risher joins Ed Ludlow and Caroline ...
Three-Stock Lunch: 3M, Lyft & Reddit
Chris Grisanti, MAI Capital Management chief equity strategist, joins 'Power Lunch' to discuss stock plays for three companies, including 3M, Lyft, and Reddit.
Lyft (LYFT) Gets an Upgrade at Loop Capital, Gordon Haskett, & BofA
Loop Capital, Gordon Haskett, and BofA upgrade Lyft (LYFT) after Investor Day. The BofA analyst noted that the outlook suggests a limited increase in competitive intensity and ups the firm's confidenc...
Lyft's Upbeat Guidance Has Wall Street Hopeful but Wary
Shares of the ride-hailing firm saw bullish analyst upgrades after an upbeat investor day, but most remain on the sidelines.
Lyft Stock Gets a Lift on Long-Term Financial Targets
Lyft stock is trading higher Friday after the ride-sharing firm provided 2027 financial targets at its first-ever Investor Day. Here's what you need to know.
Uber and Lyft made a deal to raise drivers' wages. It was another victory for big tech | Edward Ongweso
Minneapolis cracked a deal with the companies, but it preserves integral parts of their model, allowing the firms to undermine the compromise later
Morning Minute: Friday, June 7
Gamestop (GME) soars ahead of a livestream by "Roaring Kitty" while Lyft (LYFT) rises following several upgrades. And, Docusign (DOCU) boosts its buyback program by $1B.
Lyft offers up ‘long-awaited' long-term forecast — and this key metric could hit $25 billion, analyst says
Shares of Lyft Inc. were up Thursday after the ride-hailing service forecast growth in a key demand metric through 2027, albeit while leaving its outlook for this year unchanged.
Lyft Sees Bookings, Ad Business Jumping Over the Next Few Years
Lyft (LYFT) shares gained Thursday as the ridesharing company gave an optimistic long-term outlook at its first investor day.
Lyft Stock Is Rising. Bookings Growth Looks Solid Through 2027.
The ride-sharing company provided upbeat long-term guidance ahead of a meeting with analysts.
Lyft says its gross bookings will grow 15% annually through 2027
Lyft Inc (NASDAQ: LYFT) opened about 10% this morning after revealing financial targets for 2027 at its first investor day. What Lyft expects to achieve by 2027 The ride-hailing company now expects i...
Lyft forecasts 15% annual growth in gross bookings through 2027
Lyft is targeting 15% annual growth in gross bookings through 2027, the ride-hailing firm said at its inaugural investor day, adding that it expects gross bookings from its nascent advertising busines...
Lyft Provides 2027 Financial Targets at First Investor Day
SAN FRANCISCO--(BUSINESS WIRE)--Lyft, Inc. (NASDAQ: LYFT) (the “Company” or “Lyft”) will host its first Investor Day today. The event will feature presentations by Lyft's CEO David Risher, CFO Erin Br...
Final Trade: LYFT, ULTA, VIK
The final trades of the day with the Fast Money traders.
Woman Kidnapped, Assaulted While Working as Lyft Driver Sues Rideshare Company
HOUSTON--(BUSINESS WIRE)--A Houston-area woman who was sexually assaulted and held at gunpoint while working as a Lyft driver has filed a lawsuit against the company. Attorneys at Blizzard Greenberg r...
Uber and Lyft's ride-hailing deal with Minnesota comes with a cost
Uber and Lyft drivers in Minnesota will see higher pay thanks to a deal between the state and the country's two largest ride-hailing companies. The upshot: a new law that gives some protections to dri...
California Supreme Court to Hear Challenges to Gig Worker Law
On Tuesday (May 21), the California Supreme Court will hear oral arguments in a lawsuit challenging a ballot measure known as Proposition 22.
Uber, Lyft won't leave Minnesota after all — and its drivers are getting a raise
ST. PAUL, Minn. — Ride-hailing companies Uber and Lyft said Monday they will keep operating in Minnesota now that state lawmakers have passed a measure that will increase driver pay, but at a lower ra...