Lyft (LYFT)

We are raising our target on the shares of Lyft (LYFT; $22.17; O/P) from $19 to $26. We think the recent rally in the stock makes sense (e.g., +42% over the past month), given our…

We raise our 2025/2026E EBITDA for Lyft (LYFT; $13.99; O/P) from $500mm/$613mm to $513mm/$650mm after Q2 results and guidance comfortably lived up to expectations while being well supported by robust free cash flow (FCF). In…

Lyft (LYFT; $14.04; O/P) posted Q2 gross bookings of $4.49B, which was in line with our consensus matching $4.50B that in turn drove adjusted EBITDA of $129mm (2.9% of gross bookings) and was ahead of…

On Thursday (7/31), Lyft (LYFT; $13.62; O/P) disclosed in a blog post that it completed the previously announced acquisition of FREENOW, a European-based mobility platform that is best known for its taxi offering, at a…

We reiterate our Outperform and $19 target on the shares of Lyft (LYFT; $14.26) ahead of its Q2 results and outlook, which are scheduled for Wednesday, August 6th (after market), especially since the stock has…

We think recent disclosures from Lyft (LYFT; $16.15; O/P) highlight how the company continues to intensify its focus on autonomous vehicles (AVs) and micro-mobility initiatives that can add to shareholder value over the long term….

Yesterday, Lyft (LYFT; $14.76; O/P) disclosed in a blog post that it is now offering its on-demand rideshare services in Montreal and Quebec City, Canada, which should be followed by other “major cities” in the…

Last week, Lyft (LYFT; $15.02; O/P) announced its Media division, which is the company’s dedicated media and advertising business, is adding new ad formats in a move aimed at enabling its brand partners to leverage…

We continue to think the shares of Lyft (LYFT; $13.00; O/P) offer excellent value, even as we remain wary of some future top-line macro headwinds on network rides growth and mix. To that end, Lyft…

Lyft (LYFT; $13.00; O/P) posted much better than expected Q1 adjusted EBITDA of $106mm (2.6% of gross bookings), which compared to our $93mm (2.2% of gross bookings) and the Street’s $92mm (2.2% of gross bookings)….

We see heighted risk into Lyft’s (LYFT; $12.93; O/P) Q1 results and guidance when it reports on Thursday (5/8 after market) given a range of recent evidence from U.S. airlines suggesting a weakening U.S travel…

Last Thursday (4/24), Lyft (LYFT; $12.21; O/P) published a shareholder letter from CEO David Risher, which emphasized what has become the company’s intense focus on providing a better and better rideshare experience since he was…

According to press reports from earlier today, Lyft (LYFT; $12.06; O/P) plans to onboard taxis to its rideshare network for certain riders in St. Louis, MO starting next month. Interestingly, this news follows closely on…

This morning, Lyft (LYFT; $10.80; O/P) announced it signed a definitive agreement to acquire FREENOW, a European-based mobility platform that is best known for its taxi offering. The business is being acquired from BMW Group…

Yesterday, Bloomberg reported that an activist investor had taken an investment position in Lyft (LYFT; $12.49; O/P) and was engaging with the company in recent weeks to “express concerns” about the stock price, strategic positioning,…