Profile
Sector:
TechnologyIndustry:
Software ApplicationCountry:
United StatesIPO:
29 March 2019Website:
http://www.lyft.comNext earnings report:
13 February 2025Last dividends:
N/ANext dividends:
N/APrice
after hours | 18 min agoDividend
Analysts recommendations
Institutional Ownership
LYFT Latest News
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.
Lyft Stock Analysis: Buy or Sell?
Lyft is emerging as a top comeback story on the market.
(OPTIMIZED VIDEO SPECIFIC DESCRIPTION)
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 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.
Lyft posted strong growth in the third quarter.
What type of business is Lyft?
Lyft, Inc. is an aggregator of transportation services and offers a ridesharing platform where passengers and drivers can find each other for shared rides upon request. Lyft helps drivers find passengers who request rides through a smartphone app, and passengers pay automatically through the app. The company provides a marketplace for carpooling that connects drivers and passengers to offer services for shared car use and ridesharing. The company also has a network of bicycles and scooters for shared use in different cities, for drivers looking to provide short shared rides. Lyft, Inc. was founded in 2007 and is headquartered in San Francisco, California.
What sector is Lyft in?
Lyft is in the Technology sector
What industry is Lyft in?
Lyft is in the Software Application industry
What country is Lyft from?
Lyft is headquartered in United States
When did Lyft go public?
Lyft initial public offering (IPO) was on 29 March 2019
What is Lyft website?
https://www.lyft.com
Is Lyft in the S&P 500?
No, Lyft is not included in the S&P 500 index
Is Lyft in the NASDAQ 100?
No, Lyft is not included in the NASDAQ 100 index
Is Lyft in the Dow Jones?
No, Lyft is not included in the Dow Jones index
When was Lyft the previous earnings report?
No data
When does Lyft earnings report?
The next expected earnings date for Lyft is 13 February 2025