Lyft, Inc. (LYFT)
| Market Cap | 18.73B |
| Revenue (ttm) | 2.44B |
| Net Income (ttm) | -1.60B |
| Shares Out | 332.10M |
| EPS (ttm) | -4.94 |
| PE Ratio | n/a |
| Forward PE | 106.38 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 3,053,288 |
| Open | 55.01 |
| Previous Close | 55.64 |
| Day's Range | 55.01 - 56.16 |
| 52-Week Range | 21.34 - 68.28 |
| Beta | 2.27 |
| Analysts | Buy |
| Price Target | 69.76 (+24.9%) |
| Est. Earnings Date | Nov 2, 2021 |
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...
Financial Performance
In 2020, Lyft's revenue was $2.36 billion, a decrease of -34.60% compared to the previous year's $3.62 billion. Losses were -$1.75 billion, -32.64% less than in 2019.
Financial StatementsAnalyst Forecast
According to 39 analysts, the average rating for Lyft stock is "Buy." The 12-month stock price forecast is 69.76, which is an increase of 24.88% from the latest price.
News
‘We Can Control Our Own Destiny': John Zimmer Shares Lyft's Vision For The Company's Future And $1 Trillion Market Op...
Lyft cofounder John Zimmer shares the future vision for the ridesharing giant as they hit profitability ahead of analyst expectations—as well as their competitors.
Rideshare Stocks Gain as Uber (UBER) Flags Profit
Here's why investors jumped into rideshare stocks Tuesday. Position for further upside with these tactical trading ideas.
Why Lyft Shares Are Shifting Gears Today
Lyft Inc (NASDAQ: LYFT) is trading higher Tuesday in sympathy with Uber Technologies (NYSE: UBER) after the company announced it narrowed its third-quarter gross bookings guidance and said it expects to...
Goldman Sachs Initiated Facebook, Snap, Pinterest, Amazon, Peloton, Uber And Lyft This Week
Analyst ratings measure the expected performance of a stock during a given time period. Traders and investors should know analysts and brokerage firms often use ratings when they issue stock recommenda...
Goldman Sachs Analyst Sees 60% Upside In Uber, 28% In Lyft
Goldman Sachs analyst Eric Sheridan initiated coverage of the U.S. internet sector with a "selectively positive view." Sheridan rated Uber Technologies (NYSE:UBER) with a Buy and $64 price target, impl...
Why Your Uber and Lyft Rides Are So Expensive | WSJ
Rides may never cost what they did before the pandemic Your average Uber or Lyft ride cost 50% more this summer than before the pandemic. But prices were inching up even before lockdowns began.
Uber follows Lyft's lead, will cover drivers' legal fees under Texas SB8
CNBC's Contessa Brewer reports that Uber will cover legal fees for any Uber driver who's charged with taking women to get an abortion.
Why Is Lyft (LYFT) Down 2.3% Since Last Earnings Report?
Lyft (LYFT) reported earnings 30 days ago. What's next for the stock?
Massachussetts AG greenlights Uber, Lyft-backed gig worker ballot initiative
Massachusetts Attorney General Maura Healey gave a coalition of app-based service providers like Uber and Lyft the go-ahead to start collecting signatures needed to put a proposed ballot measure before ...
3 Gig Worker Stocks to Sell After Uber's Latest Stumble
Shares of ride hailing and food delivery company Uber Technologies have hit the skids. A judge in California recently struck down Proposition 22, a ballot initiative that exempted Uber from classifying ...
Uber and Lyft rides are more expensive than ever because of a driver shortage
The cost of a ride from a ride-sharing app like Uber or Lyft increased 92% between January 2018 and July 2021, and the recent driver shortage is to blame.
Pick Uber Stock Over Lyft As Covid Uncertainty Lingers
Although both the companies have been impacted by the pandemic, as the ride-sharing market collapsed through the Covid-19 lockdowns, Uber's financial performance has been better driven by rising demand ...
Why You Shouldn't Bet Blindly on Uber or Lyft
The same challenge to both companies' core business model just won't go away.
Lyft Prez ‘Confident' Rideshare Firms Will Prevail Over Renewed Prop 22 Battle
Lyft Co-founder and President John Zimmer told CNBC's Jim Cramer that the renewed legal fight regarding California's Proposition 22 and the classification of workers will be on the side of his company, ...
Jim Cramer: Uber and Lyft are good temperature takers on labor
The 'Squawk on the Street' team discuss Uber and how the Analog Devices-Maxim deal could impact Chinese stocks.
Uber, Lyft hit by Prop 22 punch
Ride-hailing giants Uber Inc. and Lyft Inc. were dealt a blow after a California judge ruled California's Proposition 22, which classified drivers as independent contractors, was unconstitutional.
Prop 22: ‘The fight isn't over' for Uber and Lyft drivers, analyst says
A judge in Califofornia invalidated a 2020 ballot initiative, exempting ride-hailing services like Uber and Lyft from a state law that would require its drivers to become employees. Jason Helfstein, Hea...
Shares of Uber, Lyft and Doordash tank after CA judge strikes down gig law
When markets opened Monday, Uber shares were down 2.3 percent at $39.05 and Lyft shares had fallen 3.1 percent to $44.48, according to MarketWatch data.
Gig Worker Stocks: What UBER, LYFT and DASH Investors Need to Know Today
Gig worker stocks are on the move Monday after a California judge weighed in on a lawsuit over the state's Proposition 22 legislation. The post Gig Worker Stocks: What UBER, LYFT and DASH Investors Need...
Why Uber And Lyft Shares Are Trading Lower Today
Uber Technologies (NYSE: UBER) and Lyft Inc (NASDAQ: LYFT) are trading lower Monday after a California judge ruled that classifying gig workers as independent contractors rather than employees is uncons...
Lyft and Uber shares down after court says California gig worker push is unconstitutional
The move is a hard hit to gig economy companies that have lobbied for the measures to pass in order for their business models to keep operating as normal.
California Judge Strikes Down Gig Worker Exemption From Labor Law
In a blow for Uber and Lyft, a California court has ruled that a 2020 ballot measure making it so rideshare and food delivery drivers were not able to be included in a state labor law is unconstitutiona...
Uber and Lyft's Proposition 22 is unconstitutional, judge rules
The measure classifies gig workers as contractors rather than employees.