Lyft (LYFT)

We reduce our rating on Lyft shares (LYFT; $16.22) from Outperform to Equal-Weight after Q1E guidance disappointed the Street and management backed off prior 2024E EBITDA targets of $1B, established just two quarters ago, that…

Lyft (LYFT; $16.22; O/P) reported Q4 sales of $1,175mm (+12% QoQ and +21% YoY), which was ahead of our $1,155mm and the Street’s $1,154mm. Adjusted EBITDA was a loss of ($248mm) after the company revised…

Last Thursday (2/2), TechCrunch reported that Lyft (LYFT; $17.43; O/P) is planning to unveil a next-generation dockable e-scooter along with new docking stations, which it reported is planned to start rolling out later this month….

Lyft shares (LYFT; $16.30; O/P) still look attractive to us ahead of its Q4 results and outlook, scheduled for next Thursday (2/9 after market), even after considering a recent 48% YTD rally to 1.0X 2023E…

We still see favorable risk/reward around the shares of Lyft (LYFT; $11.94; O/P), especially with tax loss selling season in the rear-view mirror and current valuations even after the stock’s 7% jump last week (e.g.,…

Earlier this week (12/12), Lyft (LYFT; $11.60; O/P) announced in a blog post it will be offering drivers on its network easier access to electric vehicles (EVs) and charging infrastructure as part of a path…

This week, Lyft (LYFT; $11.35; O/P) announced further updates to its Lyft Pink subscriber benefits for Chase Sapphire Reserve cardmembers, which should make its program more attractive to potential users that in turn usually become…

We think Lyft’s (LYFT; $14.14; O/P) Q3 results and outlook hit the necessary “marks”, especially in the context of the current share price and recent moves by management to reduce its expense base meaningfully in…

Lyft (LYFT; $14.14; O/P) reported Q3 sales of $1,054mm (+6% QoQ and +22 % YoY), which was basically in line with the Street’s $1,056mm and our $1,050mm, along with adjusted EBITDA of $66.2mm (6.3% of…

Yesterday, The Wall Street Journal reported that Lyft (LYFT; $13.72; O/P) is reducing its headcount by 13%, which was then confirmed by the company in an 8-K filing. By comparison, the company most recently disclosed…

This morning, Lyft (LYFT; $14.81; O/P) announced in a blog post that it was re-introducing its Lyft Pink membership program, which now includes new benefits at a lower subscription price ($9.99 per month or $99…

Yesterday, Lyft (LYFT; $13.09; O/P) disclosed that the company is increasing the service fee it charges to U.S. riders on its rideshare network to cover higher insurance costs. We think this announcement highlights one of…