LYFT Stock Moves Higher on Encouraging Targets for 2027

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%. ...