Lyft, Inc. (LYFT)
| Market Cap | 3.67B |
| Revenue (ttm) | 4.10B |
| Net Income (ttm) | -1.58B |
| Shares Out | 369.48M |
| EPS (ttm) | -4.47 |
| PE Ratio | n/a |
| Forward PE | 28.74 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 19,171,480 |
| Open | 9.93 |
| Previous Close | 10.06 |
| Day's Range | 9.78 - 10.46 |
| 52-Week Range | 8.19 - 40.46 |
| Beta | 1.75 |
| Analysts | Hold |
| Price Target | 16.22 (+63.34%) |
| Earnings Date | May 2, 2023 |
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]
Financial Performance
In 2022, Lyft, Inc.'s revenue was $4.10 billion, an increase of 27.64% compared to the previous year's $3.21 billion. Losses were -$1.58 billion, 49.2% more than in 2021.
Financial StatementsAnalyst Forecast
According to 52 analysts, the average rating for LYFT stock is "Hold." The 12-month stock price forecast is $16.22, which is an increase of 63.34% from the latest price.
News
Court revives Uber/Postmates fight against AB5 for app-based drivers
A lawsuit against AB5 brought by Uber, Postmates and two of their gig drivers failed in a lower federal court in California in 2020 but has been partially revived on appeal. And it appears that the pr...
Uber, Lyft group challenges Biden's labor secretary nominee over worker rules
Uber, Lyft trade group Flex Association requested nominated DOL Secretary Julie Su to explain her stance on worker-classification rules.
Uber, Lyft trade group questions Biden's labor nominee's gig workers stance
Rideshare and delivery companies want the Biden administration's nominee for the Department of Labor to clarify her position on an incoming worker-classification rule that could expand workers' rights...
Uber, Lyft trade group asks Biden's labor nominee to explain position on gig workers
A trade group representing rideshare and delivery companies such as Uber and Lyft is asking President Joe Biden's nominee to lead the U.S. Department of Labor, Julie Su, to explain her position on wor...
What Uber, Lyft and DoorDash's victory on gig-worker status looks like so far
After an appeals-court decision this week, California ride-hailing drivers and other gig workers will remain independent contractors instead of employees for the foreseeable future — a win for gig com...
Uber, DoorDash, Lyft stocks rise after Prop. 22 ruling in California
Shares of Uber Technologies Inc. UBER, Lyft Inc. LYFT and DoorDash Inc. DASH ended higher Tuesday, a day after a California appeals court handed them a partial victory that lets them continue treating...
Uber, Lyft stocks rise as California court upholds Prop. 22
Yahoo Finance's Daniel Howley joins the Live show to discuss the rise in stock for rideshare giants Uber and Lyft following a California court's decision to uphold Prop. 22.
Lyft, Uber stocks rise following California court's decision over gig workers
Yahoo Finance Live anchors Julie Hyman and Jared Blikre discuss the rise in stock for rideshare giants Lyft and Uber.
UBER, LYFT Stocks Rise as California Court Rules Drivers Are Contractors
Uber (NYSE: UBER) stock and Lyft (NASDAQ: LYFT) stock are on the rise Tuesday after a court ruled that the companies' drivers are contractors. A California court ruled that gig workers at ridesharin...
California judge upholds rule that classifies gig workers as contractors
CNBC's Andrew Ross Sorkin reports on news from a California Appeals Court.
Court Rules Uber and Lyft Drivers Are Contractors
Uber and Lyft have landed a victory in their battle to treat drivers as contractors. In a ruling issued Monday (Mar.
Uber and Lyft Stocks Rise After Court Victory. But Gig Worker Dispute Is Not Over.
The Californian court also ruled the companies could not limit the ability for their drivers to join a labor union and bargain collectively.
Uber And Lyft Can Treat Drivers As Independent Contractors, California Court Rule
The verdict allows companies like Uber and Lyft to bypass a 2019 California labor law, which would have forced them to offer benefits like health insurance and paid sick leave to their drivers.
Court Ruling Hands Victory to Uber, Lyft
A California appeals court decision preserves the companies' independent-contract model in the state and could bolster their efforts elsewhere.
Uber, Lyft, DoorDash win as appeals court upholds California's Prop. 22
Uber Technologies Inc., Lyft Inc. and DoorDash Inc. on Monday scored a major victory in their battle to continue treating their drivers as independent contractors as an appeals court let most of an em...
Calif. court says Uber, Lyft can classify drivers as contractors
CNBC's Deirdre Bosa reports on breaking news regarding the gig economy in California.
California court upholds Prop 22 in win for Uber, Lyft, DoorDash
A California appeals court on Monday reversed a lower-court ruling that found Proposition 22, the ballot measure passed in November 2020 that classified Uber and Lyft drivers as independent contractor...
Uber and Lyft shares rise after California court victory lets them classify drivers as contractors
A California appeals court reversed a lower-court ruling that had found Proposition 22 unconstitutional.
California court upholds treating app-based drivers as contractors
A California state appeals court on Monday revived a ballot measure allowing app-based services such as Uber Technologies Inc and Lyft Inc LYFT.O to treat drivers as independent contractors rather tha...
California Court Mostly Upholds Prop. 22 in Win for Uber and Other Gig Companies
The decision lessens the chances that gig drivers will be considered employees in the state, but it is expected to be appealed to the state Supreme Court.
7 Terrible Tech Stocks to Sell in March
With the tech sector selling off throughout 2022 and attempting to make a recovery this year, it may seem to some that now is the time to look for tech stocks to buy, rather than tech stocks to sell. ...
‘If they can win here, they can win anywhere': The next battleground for Uber and Lyft is Massachusetts, where drivers are fighting for the right to unionize
Estedys Novas says he drove for Uber Technologies Inc. for almost seven years — even while he was losing family members to COVID-19 — before he was banned from the app permanently in 2020 for reasons ...
‘It was traumatic': Uber, Lyft drivers decry low pay and unfair deactivations
Drivers call for regulation of rideshare companies they say collect up to 50% of fares and arbitrarily close workers' accounts
Uber and Lyft drivers receive a delayed raise after three strikes and a lawsuit in New York
After three driver strikes and a lawsuit, the New York City Taxi and Limousine Commission on Wednesday approved a raise in rates for tens of thousands of ride-hailing drivers that should begin next we...
Lyft and Bilt Rewards Partner to Offer Points on Ridesharing
Lyft users can now earn Bilt Rewards points on every rideshare, bike and scooter booking. The two companies have teamed up to enable the users of the Lyft app to link these transactions to the Bilt Re...