Lyft (LYFT)

We stick with our 2026E EBITDA of $700mm for Lyft (LYFT; $16.85; O/P), which equates to another year of 30%+ profit growth, after the company produced Q4 EBITDA of $154mm (3.0% of gross bookings or…

Lyft (LYFT; $16.85; O/P) posted Q4 gross bookings of $5.074B, which compared to our $5.09B and the Street’s $5.07B, which in turn drove adjusted EBITDA of $154mm (3.0% of gross bookings or GB) that beat…

The shares of Lyft (LYFT; $15.98; O/P) are down 35% from recent highs in mid-November, including -18% since January 8th when CEO David Risher reiterated in a LinkedIn post that the company still targets 2027E…

Earlier today, Lyft’s (LYFT; $19.30; O/P) CEO David Risher reiterated in a LinkedIn post that the company continues to fully target 2027E gross bookings (GB) and adjusted EBITDA targets of ~$25B and ~$1B (4% of…

Earlier this week, Lyft (LYFT; $22.43; O/P) highlighted in a blog post how it is continuing to enhance customer support through its previously announced partnership with Amazon Web Services (AWS) and Anthropic, a developer of…

We reiterate our Outperform and raise our target from $28 to $30 on the shares of Lyft (LYFT; $23.14) after hosting an investor meeting last Wednesday (11/12), with Erin Rheaume, Senior Director of IR, at…

We think Lyft’s (LYFT; $21.25; O/P) healthy Q3 results and guide, including more positive talk into its 2026E and 2027E thinking, emphasized how the company seems poised to accelerate gross bookings (GB) growth, both in…

We reiterate our Outperform and $26 target on the shares of Lyft (LYFT; $20.37) ahead of its Q3 results and outlook, which are scheduled for Wednesday, November 5th (after market), especially since the stock has…

On Wednesday (10/15), Lyft (LYFT; $20.00; O/P) announced it has acquired TBR Global Chauffeuring for £83 million, or ~$110 million, in cash plus a future earnout, which focuses the company much more directly in the…

Earlier today, Lyft (LYFT; $20.45; O/P) announced a strategic partnership with Tensor that builds on what we think can be its differentiated approach to leveraging autonomous rideshare on the company’s network. The general aim of…

Earlier this week (10/6), Lyft (LYFT; $21.28; O/P) highlighted in a blog post some more innovation aimed at expanding the capabilities of its Lyft Ads business. Recall, Lyft targets its high margin advertising revenues to…

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…