Profile
Sector:
TechnologyIndustry:
Software ApplicationCountry:
United StatesIPO:
29 March 2019Website:
http://www.lyft.comNext earnings report:
08 August 2024Last dividends:
N/ANext dividends:
N/APrice
after hours | Fri, 05 Jul 2024 23:50:36 GMTDividend
Analysts recommendations
Institutional Ownership
LYFT Latest News
LYFT's top line gains from the improving rideshare demand. However, the company grapples with high operating expenses.
Lyft's NASDAQ: LYFT efforts to improve efficiency while accelerating growth have caused a shift in sentiment that points to a double-digit upside for this stock. The latest results and guidance weren't a blow-out but still stronger than expected, leading the analyst to upgrade the stock and raise their targets.
It is one thing when a single Wall Street analyst decides to boost a price target on a stock; investors may or may not want to pay attention to that single view. However, it is a different trend when several analysts come together to boost a stock.
Rideshare companies are thriving in a post-pandemic world.
Rideshare operator Lyft Inc. NASDAQ: LYFT made bold 2027 growth projections for its Investor Day, which caused shares to gap up to $17.29 initially but failed to sustain the move. The number two rideshare provider in the country is trying to close the gap with its number one competitor, Uber Technologies Inc. NYSE: UBER.
Lyft (LYFT) hosted its first-ever investor day, during which the rideshare company unveiled plans to achieve a 15% annual growth rate in gross bookings. Lyft CEO David Risher joins Market Domination to discuss the company's growth prospects.
Lyft shares rose following the ride-hailing firm's investor day, with a slew of analysts boosting their ratings, including a double-upgrade at BofA. Lyft CEO David Risher joins Ed Ludlow and Caroline Hyde to discuss his outlook for the company on "Bloomberg Technology.
Chris Grisanti, MAI Capital Management chief equity strategist, joins 'Power Lunch' to discuss stock plays for three companies, including 3M, Lyft, and Reddit.
LYFT anticipates gross bookings compound annual growth rate of almost 15% between 2024 and 2027.
Shares of the ride-hailing firm saw bullish analyst upgrades after an upbeat investor day, but most remain on the sidelines.
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 does Lyft report earnings?
The next expected earnings date for Lyft is 08 August 2024