Lyft Stock Surges as Analysts Lift Price Targets After Earnings
Lyft (LYFT) shares jumped 23% Thursday as several analysts lifted their price targets for the ridesharing company's stock after its third-quarter results and fourth-quarter outlook came in better than expected.
Lyft stock soars on Q4 outlook
Lyft (LYFT) shares leaped higher after the company reported better-than-expected sales for the third quarter, coupled with a strong outlook for the current quarter. Active riders are up 9% from a year ago, with a growing number of commuters using the platform.
Downgrading Lyft To A Sell: Switching Cars
Lyft, Inc.'s stock surged ~29% post Q3 2024 earnings and ~84% since my last buy call. I'm downgrading the stock to a sell and see limited upside ahead after the rally. Lyft's Price Lock initiative boosted rides and platform stickiness, but the market has priced in that positive, in my opinion. This leads me to expect moderating future outperformance. Despite Lyft's lower P/E and EV/Sales ratios compared to Uber, I recommend taking Lyft gains and investing in Uber for better near-term potential.
Lyft CEO on Price Lock, Earnings, Robots, Regulation
Lyft CEO David Risher joined Bloomberg's Ed Ludlow and Matt Miller to talk about the driving forces behind the ride-hailing service's strong quarter. The company reported a record number of unique rides and trips in the quarter and says its Price Lock feature is very popular.
Lyft CEO on Price Lock, Earnings, Robots, Regulation
Lyft CEO David Risher joined Bloomberg's Ed Ludlow and Matt Miller to talk about the driving forces behind the ride-hailing service's strong quarter. The company reported a record number of unique rides and trips in the quarter and says its Price Lock feature is very popular.
Lyft CEO Wants Federal Autonomous Car Regulation
Lyft CEO David Risher discusses his plans on navigating a second Donald Trump presidency. He hopes to see federal rules that clarify the employment status of rideshare drivers and regulations around autonomous cars.
Lyft Stock Is Soaring After Earnings. Here's Why
Lyft stock is rallying Thursday after the ride-sharing firm reported strong Q3 earnings and raised its full-year outlook. This is what you need to know.
Options Bulls Blast Lyft Stock on Forecast, Earnings
Rideshare concern Lyft Inc (NASDAQ:LYFT) is seeing high options activity today, after the company reported strong third-quarter earnings and revenue and issued an upbeat current-quarter gross bookings outlook.
Lyft's Bookings Guidance Bests Uber, Analyst Says: 'Better Than Feared'
Shares of Lyft Inc LYFT were climbing in early trading on Thursday, after the company reported upbeat third-quarter results.
Lyft CEO David Risher: Halloween was a monster
Lyft CEO David Risher on Thursday discussed consumer demand on Halloween and Election Day.
LYFT Drives Big Rally, ELF's Earnings Makeover, MRNA Bounces Back
Lyft Inc. (LYFT) is racing to catch up to Uber Technologies (UBER) after an earnings beat and guidance raise thrust shares to the upside. e.l.f. Beauty (ELF) covered blemishes from its previous report with a beat and raise, while Moderna (MRNA) bounced back after slipping to the downside over the last quarter.
