Lyft, Inc. (NASDAQ:LYFT ) RBC Capital Markets Global Technology, Internet, Media and Telecommunications Conference November 19, 2024 2:40 PM ET Company Participants Erin Brewer - Chief Financial Officer Conference Call Participants Brad Erickson - RBC Capital Markets Brad Erickson To the afternoon session. Erin Brewer, with us from Lyft, very please, to have you here.
Lyft is rolling out, among other features, verification badges for riders in a bid to improve safety on the ride-hailing platform, the company said on Tuesday.
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Lyft is emerging as a top comeback story on the market.
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LYFT reports 16% year-over-year growth of gross bookings in third-quarter 2024.
Lyft (LYFT) shares jumped nearly 23% following better-than-expected third quarter revenue. Lyft CEO David Richard joins Yahoo Finance live to discuss his optimism for future growth, driven by record highs in both rider numbers and driver hours.
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 (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.
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.