The latest trading session saw Lyft (LYFT) ending at $11.95, denoting a -1.24% adjustment from its last day's close. The stock's performance was behind the S&P 500's daily loss of 0.5%. Elsewhere, the Dow gained 0.5%, while the tech-heavy Nasdaq lost 1.28%. The ride-hailing company's stock has dropped by 13.39% in the past month, falling short of the Computer and Technology sector's loss of 4.37% and the S&P 500's gain of 0.1%. The investment community will be paying close attention to the earnings performa ...

Images By Tang Ming Tung/DigitalVision via Getty Images LYFT Stock Price I last covered LYFT in December where I explained why I was downgrading the stock due to valuation. That proved to be fortuitous timing as the stock has since underperformed the broader market by around 30%. That kind of underperformance can alleviate a great deal of valuation concerns, especially as the company continues to execute strongly. In the most recent quarter, LYFT generated 27.5% YoY revenue growth to $1.277 billion and 21% ...

SAN FRANCISCO, July 25, 2024 /PRNewswire/ -- Today, Everlance and Lyft announce a strategic partnership to better serve the rideshare driver ecosystem. As part of this partnership, Everlance is now integrated into the Lyft driver rewards program, a significant enhancement for drivers. All Lyft drivers will receive a 20% discount on Everlance Premium products, with the potential for even deeper discounts based on their driver tier within the Lyft rewards program. This integration ensures that drivers have ac ...

The extension allows Lyft Direct cardholders to continue benefiting from free instant pay after every ride, a rich cashback rewards program, and more SAN FRANCISCO, Calif. and TORONTO, July 25, 2024 /PRNewswire/ - Lyft, Inc. (NASDAQ: LYFT), one of the largest transportation networks in North America, and Payfare Inc. (TSX: PAY) (OTCQX: PYFRF), a leading international Earned Wage Access ("EWA") company powering instant access to earnings and digital banking solutions for workforces, are excited to announce t ...

Lyft announced Tuesday that company president Kristin Sverchek will be leaving on Aug. 20. Lyft shares closed marginally higher on Tuesday. Sverchek joined the company in 2012, and has also held positions as general counsel and president of business affairs. Lyft CEO David Risher said in the release that the company will be "forever grateful" to Sverchek, who "helped pour the foundation the entire rideshare industry rests upon." The ride-hailing service said Sverchek's exit is not due to a disagreement with ...

SAN DIEGO, July 17, 2024 (GLOBE NEWSWIRE) -- Johnson Fistel, LLP (www.johnsonfistel.com), a shareholder rights law firm, announces its continuing investigation of whether certain directors and officers of Lyft, Inc. (NASDAQ: LYFT) breached their fiduciary duties to Lyft and its shareholders. If you have continuously owned Lyft shares, you can click or copy and paste the link below in a browser to join: https://www.cognitoforms.com/JohnsonFistel/LyftInc2 About Johnson Fistel, LLP: Johnson Fistel, LLP is a na ...

LYFT $13.54 52-Week Range $8.85 $20.82 Add to Watchlist Get Lyft alerts: Lyft MarketRank™ Stock Analysis Analyst Rating Hold Short Interest Bearish Sustainability -0.37 Insider Trading Selling Shares See Full Details The analysts' consensus price target implies a nearly 30% upside, but the fresh targets lead to the range's high end. The high-end target is another 25% above the consensus and may be reached by the end of the year. Because the company is expected to sustain improvement and analysts expect the ...

It is one thing when a single Wall Street analyst decides to boost a price target on a stock; investors may or may not want to pay attention to that single view. However, it is a different trend when several analysts come together to boost a stock. Today, Wall Street's best choice is to land on shares of Lyft Inc. NASDAQ: LYFT to reward it with a higher valuation. LYFT $14.08 ▼ Add to Watchlist What comes next is a broader overview of the U.S. economy and how its post-COVID trends are helping stocks like Ly ...

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Uber Technologies. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...

Lyft assured drivers they would receive at least 70% of the rider fare each week after external fees. The program launched in February and is having positive impacts. Nearly 75% of its drivers confirmed they now have a better understanding of their eamings. Lyft provided guidance for Q2 gross bookings of $4 billion to $4.1 billion. Adjusted EBITDA is expected to be between $95 million and $100 million, and an adjusted EBITDA of approximately 2.4%. Full-year 2024 ride growth is expected in the mid-teens, wit ...