Lyft (LYFT 1.46%) is the #2 ride-sharing company in the U.S., but it has a chance to emerge as an industry leader in autonomous driving. Travis Hoium explains why the company's business model could be built for autonomy in this video.
Investors with an interest in Internet - Services stocks have likely encountered both Lyft (LYFT) and Shopify (SHOP). But which of these two stocks offers value investors a better bang for their buck right now?
I'm upgrading Lyft from sell to buy as I don't see any bad news weighing stock price down and see potential green shoots on the horizon. I'm watching Lyft's strides in partnerships, focusing on DoorDash and new teasers on its work in AV, which I expect to support outperformance in 2025. My core optimism on Lyft is management's focus on customer satisfaction, which I expect will allow them to grow a larger ride base.
Lyft (LYFT) concluded the recent trading session at $13.58, signifying a -0.22% move from its prior day's close.
Lyft's Q3 2024 financials show 32% revenue growth and $242.8 million in positive free cash flow, indicating strong underlying profitability despite minimal GAAP profits. Management's 2027 targets include 15% annual gross bookings growth and a 4% Adjusted EBITDA margin, potentially generating nearly $1 billion in FCF; $1.8 billion in FCF for upside case. Autonomous vehicles are unlikely to disrupt Lyft's core business soon; the company can integrate AVs into its existing platform if needed.
Lyft, Inc. (NASDAQ:LYFT ) Barclays 22nd Annual Global Technology Conference December 11, 2024 2:35 PM ET Company Participants Erin Brewer - Chief Financial Officer Conference Call Participants Ross Sandler - Barclays Ross Sandler We are going to get started as people roll in here. Welcome everybody.
Lyft (LYFT) reported earnings 30 days ago. What's next for the stock?
Investors with an interest in Internet - Services stocks have likely encountered both Lyft (LYFT) and Shopify (SHOP). But which of these two stocks offers value investors a better bang for their buck right now?
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Lyft (LYFT) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Lyft inks a series of deals to gain a foothold in the AV market.
Does Lyft (LYFT) have what it takes to be a top stock pick for momentum investors? Let's find out.