Lyft, Inc. (LYFT)
| Market Cap | 5.76B |
| Revenue (ttm) | 5.10B |
| Net Income (ttm) | -64.93M |
| Shares Out | 410.16M |
| EPS (ttm) | -0.17 |
| PE Ratio | n/a |
| Forward PE | 18.62 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 8,246,974 |
| Open | 13.98 |
| Previous Close | 13.99 |
| Day's Range | 13.71 - 14.18 |
| 52-Week Range | 8.85 - 20.82 |
| Beta | 2.05 |
| Analysts | Buy |
| Price Target | 15.97 (+13.75%) |
| Earnings Date | Nov 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 34 analysts, the average rating for LYFT stock is "Buy." The 12-month stock price forecast is $15.97, which is an increase of 13.75% from the latest price.
News
Lyft is working on a ‘service animal opt-in feature' for passengers
Uber and Lyft need to do more to support disabled passengers, especially those who are blind or visually impaired, according to protesters who gathered outside the companies' headquarters on October 1...
Cash App Pay Integrates with Lyft for Seamless Payments
DISTRIBUTED-WORK-MODEL/SAN FRANCISCO--(BUSINESS WIRE)--Starting today, Cash App and Lyft are partnering to give digital-first consumers more flexibility when taking a ride. This partnership puts the c...
Lyft To Announce Third Quarter 2024 Financial Results
SAN FRANCISCO--(BUSINESS WIRE)--Lyft, Inc. (Nasdaq: LYFT) (the “Company” or “Lyft”) will release financial results for the third quarter of 2024 after the close of the market on Wednesday, November 6,...
Uber, Lyft avoided millions in pay by locking NYC drivers out of apps: report
Rideshare app drivers have been getting locked out of the two apps – with messages that flash “unable to go online” or tell drivers to go to a busier location – for minutes or hours at a time.
Waymo, Uber, Lyft Are Biggest Winners From Tesla's Robotaxi Flop
Tesla's disappointing Robotaxi event highlighted how late the company is to the autonomous-vehicle race, leaving the door wide open for its competitors.
Ridesharing giants Uber, Lyft jump after Tesla's 'toothless taxi' fails to excite investors
Tesla's hyped robotaxi unveiling posed a threat to Uber's ride-sharing aspirations, but it's turned into a boon for the stock instead.
Uber and Lyft's Million Dollar Lockout Loophole
Natalie Lung, Bloomberg Tech Reporter joins Bloomberg Intelligence to discuss the Big Take's recent story on how NYC's unique pay formula created an incentive for Uber and Lyft to prevent drivers from...
Why Uber, Lyft Shares Are Speeding Up In Friday's Premarket
Ride-hailing companies Uber Technologies, Inc. UBER and Lyft, Inc. LYFT are rising in premarket trading on Friday.
AXS and Lyft Team up to Enhance the Fan Experience for Sports and Live Entertainment Across the U.S.
LOS ANGELES--(BUSINESS WIRE)--AXS ticketing has partnered to make Lyft an official partner of AXS in North America and provides event goers with transportation options and offers.
Lyft to Boost Driver Earnings Amid Competition
Lyft announced plans to increase driver earnings by offering higher pay for longer and more complex rides. As part of efforts to attract more drivers, the ride-sharing company will implement extra fee...
Lyft announces measures to improve driver pay
Lyft said on Tuesday it would improve earnings for drivers on its platform by paying more for going out of their way for a ride and for those that are at least five minutes longer than estimated.
Supreme Court Won't Hear Uber and Lyft Gig Worker Appeal
Uber and Lyft have lost a chance to have an appeal heard by the Supreme Court. The case involves lawsuits brought against the companies by the state of California, which claimed Uber and Lyft had misc...
US Supreme Court rebuffs Uber, Lyft bid to avoid California driver suits
The U.S. Supreme Court declined on Monday to hear a challenge by Uber and Lyft to lawsuits by the state of California on behalf of drivers who signed agreements to keep legal disputes with the ride-ha...
Insight: Uber, Lyft drivers use Teslas as makeshift robotaxis, raising safety concerns
A self-driving Tesla carrying a passenger for Uber rammed into an SUV at an intersection in suburban Las Vegas in April, an accident that sparked new concerns that a growing stable of self-styled "rob...
Lyft and Mobilitas Insurance Companies Renew Commercial Insurance Partnership
Multi-year collaboration continues to support mobility sector GLENDALE, Ariz. , Oct. 1, 2024 /PRNewswire/ -- The Mobilitas Insurance Companies, providers of commercial insurance for the unique and eme...
Lyft Optimizes Driver Incentives with Gurobi
BEAVERTON, Ore.--(BUSINESS WIRE)--By optimizing driver incentives, Lyft can encourage drivers to drive in areas with the highest demand for rides.
Top 5 Industrials Stocks That May Collapse In Q3
As of Sept. 25, 2024, five stocks in the industrials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
Lyft and Smartcar Partner to Tackle the Top Pain Point for EV Drivers — Range Anxiety
SAN FRANCISCO--(BUSINESS WIRE)--Smartcar has partnered with Lyft to address range anxiety with a feature that ensures EV drivers receive ride requests within their battery range.
Lyft: Not My Favorite, But No Denying It's Cheap
Lyft is undervalued at a Fwd P/S of 0.9, making it worth considering despite my preference for Uber. Q2 was strong for Lyft with record metrics, 40% YoY revenue growth, GAAP profitability, and over $2...
Nasdaq, Marvell Technology And 2 Other Stocks Executives Are Selling
The Nasdaq 100 closed lower by around 0.5% during Monday's session. Investors, meanwhile, focused on some notable insider trades.
Lyft unveils feature to help riders avoid surge pricing
Rideshare giant Lyft launched a feature to curb surge pricing for commuters. Both Lyft and Uber are aiming to boost driver supply to lower surge pricing.
Lyft Deserves A Lift
Despite a 29.4% drop in shares, Lyft's consistent growth and push toward profitability justify maintaining a 'buy' rating. Lyft's Q2 2024 revenue surged by 40.6%, driven by a 15.4% increase in rides a...
These 2 reasons are why Lyft's stock is down despite growth: CEO
Yahoo Finance Executive Editor Brian Sozzi sits down with Lyft (LYFT) CEO David Risher at the Goldman Sachs Communicopia and Tech Conference to discuss the company's performance and how autonomous veh...
Lyft Lets Commuters Cap Prices With New Subscription
Lyft has debuted a new feature designed to help commuters stay within budget. “To make your day more predictable, we're launching price lock, a new subscription that caps the price of your regular com...
Lyft to Restructure Bike and Scooter Rental Program, Cut Some Jobs
Lyft (LYFT) will cut some jobs and restructure its bike and scooter rental service as part of a broader effort to "align strategic priorities and to reduce operating costs" after reporting its first-e...