Shares of Lyft (LYFT 0.33%) were climbing again for the second month in a row in December as the ridesharing stock's recovery continued.There was relatively little company-specific news out on Lyft last month, but a combination of bullish commentary from management, price hikes from Wall Street analysts, good news from the Federal Reserve, and tailwinds from rival Uber Technologies, which was added to the S&P 500 last month, combined to propel Lyft stock higher.According to data from S&P Global Market Intel ...

After a sizzling close to 2023, many investors are hoping the rally in tech stocks will continue into 2024. Some of that optimism is based on expectations that the January effect will occur. However, in every bull market, not every stock is a screaming buy. And that’s the reason for this list of tech stocks to avoid. The January effect is a market theory based on the idea that equities typically achieve larger gains in January than in any other month. However, since 1993, this theory has been accurate just ...

Shares of Uber Technologies Inc. and the ride-hailing giant’s smaller rival, Lyft Inc., have sprinted higher this year. But analysts on Friday suggested there might not be much left in the tank for either stock heading into 2024. Nomura analysts Anindya Das and Masataka Kunugimoto on Friday downgraded Uber UBER, -2.49% to a neutral rating from buy, arguing that most of the things that could drive the stock higher are already baked into the price. They also downgraded Lyft LYFT, -3.54% to their equivalent of ...

While ridesharing giants Uber and Lyft experienced significant growth in revenue in 2023, they reportedly facechallenges in 2024.For different reasons, financial services group Nomura recently downgraded both Uber and Lyft, Seeking Alpha reported Friday (Dec. 29).Uber, the dominant player in the ridesharing industry, reported an 11% increase in revenue in the third quarter of 2023 compared to the previous year, according to the report. This growth contributed to Uber’s overall strong financial performance a ...

Nomura downgraded both Lyft and Uber, but both stocks have been excellent in 2023Ridesharing bigwigs Uber Technologies Inc (NYSE:UBER) and Lyft Inc (NASDAQ:LYFT) are moving in opposite directions this morning, after Wall Street brokerage firm Nomura weighed in on the stocks.For LYFT, Nomura downgraded the stock to "reduce" from "neutral." They did hike its price target to $13 from $11.70, that still represents a discount to Lyft's current perch, last seen down 2.9% to trade at $15.10. The analyst cited shri ...

Rideshare drivers for Uber and Lyft held a protest at the Atlanta airport on Saturday, disturbing travel during one of the busiest holiday travel periods to demand better pay. The drivers shut off their apps at 4 p.m. and remained parked for several hours at Hartsfield-Jackson Atlanta International Airport to disrupt holiday travel, FOX 5 Atlanta reported. "As long as we protest, passengers will continue to be stranded, and maybe that will make an impact," one driver told FOX Atlanta. The protest was intend ...

Lyft, Inc. (NASDAQ:LYFT) Q3 2023 Earnings Conference Call November 8, 2023 5:00 PM ET Company Participants Sonya Banerjee - Head, Investor Relations David Risher - Chief Executive Officer Erin Brewer - Chief Financial Officer Kristin Sverchek - President Conference Call Participants Mark Mahaney - Evercore Doug Anmuth - JPMorgan Brian Nowak - Morgan Stanley Ken Gawrelski - Wells Fargo Deepak Mathivanan - Wolfe Research Eric Sheridan - Goldman Sachs Benjamin Black - Deutsche Bank Michael Morton - MoffettNath ...

GAAP to Non-GAAP Reconciliations (cont.) 30 31 32 Q3 Fiscal 2023 Earnings & New Metrics lyA Looking & Non-GAAP Financial Measures In addition to financial information presented in accordance with U.S. generally accepted accounting principles ("GAAP"), this presentation and the accompanying oral presentation include certain non-GAAP financial measures, including Adjusted EBITDA, Adjusted EBITDA margin as a percentage of revenue, Adjusted EBITDA margin as a percentage of Gross Bookings, adjusted net loss, adj ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________________________________________________ FORM 10-Q _________________________________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Comm ...

Lyft, Inc. (NASDAQ:LYFT) Q2 2023 Earnings Call Transcript August 8, 2023 4:30 PM ET Company Participants Sonya Banerjee - Head of Investor Relations David Risher - Chief Executive Officer and Director Erin Brewer - Chief Financial Officer Conference Call Participants Stephen Ju - Credit Suisse Eric Sheridan - Goldman Sachs Doug Anmuth - JPMorgan Mark Mahaney - Evercore ISI Nikhil Devnani - Bernstein Kenneth Gawrelski - Wells Fargo Ross Sandler - Barclays Benjamin Black - Deutsche Bank John Colantuoni - Jeff ...