Lyft, Inc. (LYFT)

NASDAQ: LYFT · IEX Real-Time Price · USD
13.66
+0.43 (3.29%)
Jul 7, 2022 1:35 PM EDT - Market open
3.29%
Market Cap 4.75B
Revenue (ttm) 3.47B
Net Income (ttm) -831.74M
Shares Out 347.98M
EPS (ttm) -2.29
PE Ratio n/a
Forward PE 111.11
Dividend n/a
Ex-Dividend Date n/a
Volume 8,670,719
Open 13.29
Previous Close 13.22
Day's Range 13.17 - 13.68
52-Week Range 12.79 - 60.30
Beta 1.83
Analysts Buy
Price Target 42.87 (+214.0%)
Earnings Date Aug 2, 2022

About LYFT

Lyft, Inc. operates a peer-to-peer marketplace for on-demand ridesharing in the United States and Canada. The company operates multimodal transportation networks that offer riders personalized and on-demand access to various mobility options. It provides Ridesharing Marketplace, which connects drivers with riders; Express Drive, a flexible car rentals program for drivers; Lyft Rentals that provides vehicles for long-distance trips; and a network of shared bikes and scooters in various cities to address the needs of riders for short trips. The c... [Read more...]

Industry Road & Rail
IPO Date Mar 29, 2019
CEO Logan Green
Employees 4,634
Stock Exchange NASDAQ
Ticker Symbol LYFT
Full Company Profile

Financial Performance

In 2021, Lyft, Inc.'s revenue was $3.21 billion, an increase of 35.68% compared to the previous year's $2.36 billion. Losses were -$1.06 billion, -39.40% less than in 2020.

Financial Statements

Analyst Forecast

According to 51 analysts, the average rating for LYFT stock is "Buy." The 12-month stock price forecast is 42.87, which is an increase of 213.95% from the latest price.

Price Target
$42.87
(213.95% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Uber, Lyft drivers switch to Teslas amid high gas prices

This segment originally aired on June 28, 2022. Yahoo Finance's Dan Howley joins the Live show to discuss Uber and Lyft drivers switching over to EVs amid rising gas prices.

Other symbols: UBER

Hiring Slowdown Should Make Lyft Stock Holders Jittery

LYFT stock has been in free fall for over a year, and it's hard to be optimistic unless Lyft can somehow attract price-sensitive customers. The post Hiring Slowdown Should Make Lyft Stock Holders Jitter...

Uber, Lyft Drivers Switch to Teslas as Gas Prices Soar

Bloomberg's Ed Ludlow joins Emily Chang to discuss why some Uber and Lyft drivers are finding that renting or buying a Tesla, the luxury electric car, has become a more profitable option amid soaring ga...

Other symbols: TSLAUBER

As Lyft Faces a Price-Fixing Lawsuit, Here Are 2 Better Stocks to Buy

Lyft closed 2019 at $43.50. In 30 months since, LYFT stock lost 66% of its value.

Lyft Adds Cash Payment Option

For those who prefer or need to pay using cash, rideshare platform Lyft is partnering with more than 35,000 retailers across the U.S. — including Walmart, ACE Cash Express and Kroger Family of Stores — ...

Uber, Lyft drivers claim price-fixing in lawsuit against companies

A group of drivers for Uber and Lyft on Tuesday accused the companies of unfairly controlling how much passengers are charged for rides in an antitrust lawsuit in California state court.

Other symbols: UBER

Drivers accuse Uber and Lyft of price-fixing, antitrust violations in attempt at class-action lawsuit

Three ride-hailing drivers in California sued Uber Technologies Inc. and Lyft Inc. on Tuesday, accusing the companies of antitrust violations that include price-fixing in a lawsuit seeking class-action ...

Other symbols: UBER

Drivers' Lawsuit Claims Uber and Lyft Violate Antitrust Laws

They accuse the companies of depriving them of employee benefits while also denying them the freedoms of independent contractors.

Other symbols: UBER

Why Investors Abandoning Lyft Stock Will Regret It

Market panic and worries about the profitability of the ride-sharing business hurt Lyft, despite the potential strengths ahead. The post Why Investors Abandoning Lyft Stock Will Regret It appeared first...

Evercore says "Buy" Uber & Lyft

The "Halftime Report" traders debate the biggest analyst calls of the day.

Other symbols: UBER

Lyft agrees to $25 million settlement with shareholders over safety-related allegations

Lyft has agreed to a $25 million settlement with shareholders over allegations that it failed to adequately disclose threats to its reputation and business ahead of going public.

Lyft reaches $25 million settlement of claims it hid safety problems

Lyft Inc has reached a $25 million settlement to resolve shareholder claims that the ride-hailing company concealed safety problems, including alleged sexual assaults by drivers, prior to its 2019 initi...

Massachusetts court quashes Uber, Lyft, and other ride-hailing companies' $17.8 million attempt to call gig workers c...

The court's justices said the proposal did not meet Massachusetts' constitutional requirements to limit ballot measures to related subjects.

Other symbols: UBER

Massachusetts court rejects Uber- and Lyft-backed effort to keep gig workers independent

There will be no November ballot initiative in Massachusetts to maintain the independent contractor status of app-based delivery drivers. In a decision that many observers had expected, the Massachusett...

Other symbols: UBER

3 Humbled Nasdaq Stocks Ready to Bounce Back

These names are at the bottom of the bargain bin.

Other symbols: DKNGTNDM

Things Look Grim for Lyft Stock As It Chases Profits

Lyft stock skated by without ever approaching profitability in the past. That's over now and stakeholders should beware.

Lyft president says company plans to build a hybrid network of autonomous and driver vehicles

CNBC's Jim Cramer spoke with Lyft co-founder and President John Zimmer on Tuesday's episode of "Mad Money."

Lyft plans to build a hybrid network of autonomous and driver vehicles, co-founder says

"It'll do five percent of the trips. 95% of the time you're going to rely on a rideshare driver," Zimmer said.

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Lyft, Inc. - LYFT

New York, New York--(Newsfile Corp. - June 6, 2022) - Pomerantz LLP is investigating claims on behalf of investors of Lyft, Inc. ("Lyft" or the "Company") (NASDAQ: LYFT). Such investors are advised to c...

Today's Strong Jobs Market Could Soon Collapse

Many tech companies are either slowing or pausing hiring -- or outright firing workers. And a lot of them are big creators of jobs.

Why Is Lyft (LYFT) Down 20.9% Since Last Earnings Report?

Lyft (LYFT) reported earnings 30 days ago. What's next for the stock?

LYFT Shares Plunge Nearly 60% YTD Amid Multiple Headwinds

LYFT is being hurt by the prevalent pandemic-related woes, rising gas prices, and other cost headwinds.

Shareholder Alert: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Lyft, Inc. - LYFT

New York, New York--(Newsfile Corp. - May 28, 2022) - Pomerantz LLP is investigating claims on behalf of investors of Lyft, Inc. ("Lyft" or the "Company") (NASDAQ: LYFT). Such investors are advised to c...

Market Instability Prompts Lyft to Ease Spending, Hiring

Lyft isn't planning layoffs but is slowing hiring, reeling in spending and concentrating on profitable growth as market instability continues and its share price hovers below $17 from a 52-week high of ...

LYFT to Slow Down Hiring & Reduce Costs, Shares Decline

While LYFT plans to slow down hiring and cut costs in some departments, it does not intend to lay off employees. The company has been focusing on boosting profits.