Rideshare concern Lyft Inc (NASDAQ:LYFT) is seeing high options activity today, after the company reported strong third-quarter earnings and revenue and issued an upbeat current-quarter gross bookings outlook. The security attracted no fewer than 10 price-target hikes in response, including one from RBC to $24 from $10.So far today, 134,000 calls and 50,000 puts have been traded, which is seven times the volume typically seen at this point. Most active is the December 20 call, followed by the weekly 11/8 20 ...

Shares of Lyft Inc LYFT were climbing in early trading on Thursday, after the company reported upbeat third-quarter results.The company reported its results amid an exciting earnings season. Here are some key analyst takeaways. Check out other analyst stock ratings.Cantor Fitzgerald: Lyft’s third-quarter bookings and EBITDA beat estimates by 1% and 14%, respectively, Mathivanan said in a note. The quarterly results should "re-inspire confidence" in the company's medium-term guidance, he added.The company ma ...

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Key TakeawaysLyft shares soared in extended trading Wednesday after the company reported better-than-expected quarterly results.The ride-hailing company also boosted its outlook for the full fiscal year. The results come as Lyft inks new deals with autonomous vehicle companies to bring "robotaxis" to its platform. Lyft (LYFT) shares soared over 20% in extended trading Wednesday after the company reported better-than-expected quarterly results and raised its outlook. The ride-hailing company’s third-quarter ...

Key TakeawaysLyft announced a trio of new partnerships with autonomous vehicle companies Wednesday.The deals with Mobileye, May Mobility, and Nexar follow similar deals from Uber with Waymo and Cruise, and Tesla's recent "robotaxi" unveiling.The ridesharing company also reported its latest financial results after the closing bell. Lyft (LYFT) has joined rideshare rival Uber (UBER) in signing a number of partnerships with autonomous driving software makers to bring "robotaxis" to its platform. Lyft on Wedne ...

Exhibit 99.1 Lyft Announces Strong Q3 2024 Financial Results and Raises Full-Year Outlook Active Riders and Rides reached new all-time highs Gross Bookings grew 16% year-over-year SAN FRANCISCO, CA, November 6, 2024 - Lyft, Inc. (Nasdaq:LYFT) today announced financial results for the third quarter ended September 30, 2024. "Our team delivered one of the strongest quarters in Lyft history, following the many new innovations we've brought to drivers and riders so far this year," said CEO David Risher. "Going ...

It seems Lyft is hoping to catch up to Uber’s string of autonomous vehicle partnerships. Lyft announced Wednesday three separate partnerships — with startup May Mobility, automated driving company Mobileye and smart dashcam firm Nexar — all aimed at establishing a foothold in the emerging autonomous vehicle market. In the announcement, the ride-hailing company said it signed a deal with May Mobility to launch autonomous vehicles on the Lyft app starting in Atlanta in 2025. Lyft also announced a partnershi ...

Lyft Inc (NASDAQ:LYFT) is gearing up for its latest earnings report, due out after the close on Wednesday, Nov. 6. Rideshare peer Uber (UBER) had a rough day after its report last week, following a decline in gross bookings, so we'll see if LYFT fares better. The stock's post-earnings history doesn't do much to alleviate concern, however, as it's only finished higher after two of its last eight reports. LYFT posted a 16.9% drop after earnings last quarter, though it made a swift recovery on the charts. This ...

Investors might want to bet on Lyft (LYFT) , as earnings estimates for this company have been showing solid improvement lately. The stock has already gained solid short-term price momentum, and this trend might continue with its still improving earnings outlook. The rising trend in estimate revisions, which is a result of growing analyst optimism on the earnings prospects of this ride-hailing company, should get reflected in its stock price. After all, empirical research shows a strong correlation between t ...

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Lyft (LYFT) , which belongs to the Zacks Internet - Services industry. This ride-hailing company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 46.49%. For the last reported quarter, Lyft came out with earnings of $0.24 per share versus the Zacks Con ...