Lyft (LYFT)

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,…

The shares of Lyft (LYFT; $12.66; O/P) traded down 10%+ last night after management raised the spectra of incremental rideshare pricing pressures even as it produced a healthy Q4 EBITDA beat with Q1E EBITDA guidance…

Lyft (LYFT; $14.39; O/P) posted Q4 adjusted EBITDA of $113mm (2.6% of gross bookings) vs. our $103mm (2.4% of gross bookings) and the Street’s $104mm (2.4% of gross bookings) on total gross bookings of $4.28B,…

We reiterate our Outperform on the shares of Lyft (LYFT; $13.52) ahead of its Q4 results and outlook, scheduled for Tuesday, February 11th (after market). The stock is still down 27% since 11/11/24 and at…

The shares of Lyft (LYFT; $13.36; O/P) declined 7% on Wednesday after Uber Technologies (UBER; $64.91; O/P) announced a new and exclusive multi-year partnership with Delta Air Lines (DAL; $61.42; NR) that displaces Lyft’s prior…

The shares of Lyft (LYFT; $14.09; O/P) are down 23% since 11/12, including a more recent -13% since 12/10, which came on the heels of a report out of data analysis provider Yipit on Alphabet’s…

We reiterate our Outperform and raise our target from $16 to $21 on the shares of Lyft (LYFT; $14.40) after the company beat Q3 expectations and provided some better-than-expected Q4E guidance that reflected well on…

Lyft (LYFT; $14.40; O/P) posted Q3 gross bookings of $4.108B, which was ahead of our $4.07B and the Street’s $4.08B that in turn drove adjusted EBITDA of $107mm (2.6% of gross bookings) vs. our $93mm…

We think Lyft’s (LYFT; $13.86; O/P) Q3 results and outlook, scheduled for November 6th (after market), can lead to a “next leg” in the stock’s recent recovery that started in mid-August (+53% vs. a prior…