Lyft (LYFT)

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…

Yesterday (10/1), Lyft (LYFT; $12.51; O/P) announced that its Media division, which is the company’s dedicated media and advertising business, expanded its suite of measurement and targeting capabilities in a move aimed at providing its…

Earlier today, Lyft (LYFT; $11.47; O/P) filed an 8-K, disclosing plans to restructure its bikes and scooters business unit, now organized under the moniker of Lyft Urban Solutions (LUS), with an aim of better optimizing…

The shares of Lyft (LYFT; $9.08; O/P) plunged 17% yesterday as Q3E guidance proved a disappointment to the Street after some better-than-expected Q2 results. We think the guidance proved especially tough for the stock to…

Lyft (LYFT; $10.97; O/P) posted Q2 EBITDA of $103mm (2.6% of gross bookings) that beat our consensus-matching $98mm (2.4% of gross bookings). At the same time, gross bookings of $4.02B were slightly below our $4.05B…

The shares of Lyft (LYFT; $12.19; O/P) are now down 40% since recent highs in late-March, including -22% since the company’s Investor Day on June 6th, to only 7.9X our 2025E EV/EBITDA. This is despite…

We raise our rating on the shares of Lyft (LYFT; $15.69) from Equal-Weight to Outperform and establish a $20 price target after attending the company’s first-ever Investor Day yesterday in New York. We think management…

We think Lyft’s (LYFT; $15.92; E/W) Investor Day, scheduled for next Thursday (6/6) in New York, can prove a positive catalyst for the shares, especially with the stock down 22% since late-March despite solid Q1…