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 ...

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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 ...

Lyft's chief executive officer, David Risher, stated, "Lyft's customer-obsessed strategy is working. Our execution keeps getting better, we're delivering industry-leading innovation, and we are working closely with partners to create great shared customer experiences. We're excited to share our vision for Lyft's road ahead." For 2024, Lyft continues to anticipate rides year-over-year growth in the mid-teens. Adjusted EBITDA margin (calculated as a percentage of gross bookings) is expected to be around 2.1%. ...

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Key Takeaways The company said it expects gross bookings to increase 15% each year through 2027. It sees adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) margin, as a percentage of gross bookings, of about 4% in 2027, and free cash flow conversion, as a percentage of adjusted EBITDA, of more than 90% each year between 2025 and 2027. Lyft did not change its current-quarter or full-year guidance. Lyft (LYFT) shares gained Thursday as the ridesharing company gave an optimistic ...

2. Canadian expansion Lyft's first-quarter results show the company is getting past its early growing pains and figuring out how to make its operations profitable. Lyft's (LYFT -1.87%) 28% year-over-year jump in Q1 revenue is a strong indication that after a full year as CEO, David Risher has the company headed in the right direction. There are four key improvements worth noting from the company's recent quarterly report. 1. More revenue and free cash flow Revenue rose 28% to $1.3 billion thanks to a 21% in ...

Ride-hailing platform Lyft said it wants to lift its driver's earnings. Meanwhile, PYMNTS last week examined the ways that Lyft and rival Uber converged and differed through the lens of the latest earnings season. For example, both companies reported an uptick in gross bookings, 20% for Lyft, and 21% for Uber, as well as an increase in active riders, up 12% at Lyft and 15% for Uber. And both firms "have noted the continued influx of drivers to their respective platforms, which illustrates the continued grow ...

Uber and Lyft are facing a trial in Massachusetts over allegations that they misclassified their drivers as independent contractors instead of employees.The trial is part of a larger legal and political battle over the status of gig workers in the state and across the nation, Reuters reported Monday (May 13).Massachusetts Attorney General Andrea Joy Campbell argues that drivers for the ride-share companies should be classified as employees under state law and therefore entitled to benefits such as a minimum ...