Lyft, Inc. (LYFT)

NASDAQ: LYFT · IEX Real-Time Price · USD
13.29
+0.21 (1.61%)
Jul 16, 2024, 12:31 PM EDT - Market open
1.61%
Market Cap 5.21B
Revenue (ttm) 4.68B
Net Income (ttm) -184.21M
Shares Out 394.95M
EPS (ttm) -0.47
PE Ratio n/a
Forward PE 17.09
Dividend n/a
Ex-Dividend Date n/a
Volume 4,169,174
Open 13.14
Previous Close 13.08
Day's Range 13.09 - 13.34
52-Week Range 8.85 - 20.82
Beta 2.07
Analysts Buy
Price Target 18.30 (+37.7%)
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]

Sector Technology
IPO Date Mar 29, 2019
Employees 2,945
Stock Exchange NASDAQ
Ticker Symbol LYFT
Full Company Profile

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 Statements

Analyst Forecast

According to 31 analysts, the average rating for LYFT stock is "Buy." The 12-month stock price forecast is $18.3, which is an increase of 37.70% from the latest price.

Price Target
$18.3
(37.70% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Tesla Threat Reduced For Uber And Lyft , Stocks Also Benefit from Higher Prices and Shorter Wait Times: Analyst

Needham analyst Bernie McTernan reiterated Uber Technologies Inc UBER with a Buy and a $90 price target.

Other symbols: UBER
22 hours ago - Benzinga

Uber Vs. Lyft In 2024: Which Is Gaining Momentum With Consumers?

In the ongoing rivalry between Uber Technologies Inc UBER and Lyft Inc LYFT, recent consumer trends indicate a clear winner.

Other symbols: UBER
6 days ago - Benzinga

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.

Other symbols: UBER
17 days ago - Investopedia

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

Other symbols: UBER
17 days ago - The Guardian

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...

Other symbols: UBER
17 days ago - PYMNTS

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...

Other symbols: UBER
18 days ago - Market Watch

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.

Other symbols: UBER
18 days ago - NYTimes

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...

Other symbols: UBER
18 days ago - WSJ

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...

5 weeks ago - Yahoo Finance

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 ...

5 weeks ago - Bloomberg Technology

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.

Other symbols: RDDTMMM
5 weeks ago - CNBC Television

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...

5 weeks ago - Schwab Network

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.

5 weeks ago - Barrons

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.

5 weeks ago - Kiplinger

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

Other symbols: UBER
5 weeks ago - The Guardian

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.

Other symbols: DOCUGME
5 weeks ago - Schwab Network

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.

5 weeks ago - Market Watch

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.

5 weeks ago - Investopedia

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.

5 weeks ago - Barrons

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...

5 weeks ago - Invezz

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...

5 weeks ago - Reuters

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...

5 weeks ago - Business Wire

Final Trade: LYFT, ULTA, VIK

The final trades of the day with the Fast Money traders.

Other symbols: ULTAVIK
6 weeks ago - CNBC Television

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...

6 weeks ago - Business Wire

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...

Other symbols: UBER
7 weeks ago - TechCrunch