Lyft, Inc. operates a peer-to-peer marketplace for on-demand ridesharing in the United States and Canada. The company operates multimodal transportation networks that offer riders personalized and on-demand access to various mobility options. It provides Ridesharing Marketplace, which connects drivers with riders; Express Drive, a flexible car rentals program for drivers; Lyft Rentals that provides vehicles for long-distance trips; and a network of shared bikes and scooters in various cities to address the needs of riders for short trips. The company also integrates third-party public transit data into the Lyft app to offer riders various transportation options. In addition, it offers autonomous vehicles; concierge for organizations; Lyft Pass that allows organizations to create custom transportation programs; enterprise programs, including monthly ride credits for daily commutes, supplementing public transit by providing rides for the first and last leg of commute trips, late-night rides home, and shuttle replacement rides; and transportation solutions that can be customized for events, such as recruiting events, conferences, celebrations, meetings, and company retreats. The company was formerly known as Zimride, Inc. and changed its name to Lyft, Inc. in April 2013. Lyft, Inc. was incorporated in 2007 and is headquartered in San Francisco, California.
IPO Year: 2019
Exchange: NASDAQ
Website: lyft.com
Date | Price Target | Rating | Analyst |
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6/7/2024 | Equal Weight → Overweight | Fox Advisors | |
6/7/2024 | $20.00 | Hold → Buy | Loop Capital |
6/7/2024 | $17.00 → $20.00 | Hold → Buy | Gordon Haskett |
6/7/2024 | $15.00 → $20.00 | Underperform → Buy | BofA Securities |
3/5/2024 | Hold → Buy | Argus | |
3/4/2024 | $17.00 → $23.00 | Sector Perform → Outperform | RBC Capital Mkts |
2/14/2024 | Sell → Neutral | MoffettNathanson | |
1/11/2024 | $12.00 → $15.00 | Buy → Neutral | Goldman |
1/9/2024 | $15.00 | Market Perform | BMO Capital Markets |
12/29/2023 | $11.70 → $13.00 | Neutral → Reduce | Nomura |
Fox Advisors upgraded Lyft from Equal Weight to Overweight
Loop Capital upgraded Lyft from Hold to Buy and set a new price target of $20.00
Gordon Haskett upgraded Lyft from Hold to Buy and set a new price target of $20.00 from $17.00 previously
BofA Securities upgraded Lyft from Underperform to Buy and set a new price target of $20.00 from $15.00 previously
Argus upgraded Lyft from Hold to Buy
RBC Capital Mkts upgraded Lyft from Sector Perform to Outperform and set a new price target of $23.00 from $17.00 previously
MoffettNathanson upgraded Lyft from Sell to Neutral
Goldman downgraded Lyft from Buy to Neutral and set a new price target of $15.00 from $12.00 previously
BMO Capital Markets initiated coverage of Lyft with a rating of Market Perform and set a new price target of $15.00
Nomura downgraded Lyft from Neutral to Reduce and set a new price target of $13.00 from $11.70 previously
https://news.sky.com/story/addison-lee-owner-puts-london-uber-rival-up-for-sale-13162441#:~:text=Cheyne%20Capital%20and%20Liam%20Griffin,minicab%20firm%2C%20Sky%20News%20learns.&text=The%20owners%20of%20Addison%20Lee%2C%20the%20London%2Dbased%20minicab%20firm,control%20of%20four%20years%20ago. The owners of Addison Lee, the London-based minicab firm, have begun exploring a sale of the company they took control of four years ago.Sky News has learnt that Jefferies, the investment bank, has been hired by Addison Lee's majority shareholder, Cheyne Capital, to canvass interest in a takeover.The process is thought to be at a relatively early stage and might not lead to a transaction, according to
Uber Yacht Arrives In Ibiza August 2024 Offering Luxurious Sunseeker Yacht Rentals For €1600; Pre-Book Via Uber App For Groups Up To 8 People, Departing Daily From Ibiza Town Marina; https://www.uber.com/en-IN/newsroom/uber-yacht/
Wells Fargo analyst Ken Gawrelski maintains Lyft (NASDAQ:LYFT) with a Equal-Weight and lowers the price target from $18 to $17.
Massachusetts Attorney General Andrea Joy Campbell announced a landmark settlement with Uber Technologies Inc. (NYSE:UBER) and Lyft Inc. (NASDAQ:LYFT) to secure a minimum pay standard of $32.50 per hour and additional benefits for drivers. The companies will also pay $175 million to settle allegations of violating Massachusetts wage and hour laws, with most funds distributed to current and former drivers. This resolution concludes a multi-year litigation against Uber and Lyft and prevents the companies from attempting to alter state employment law through a 2024 ballot initiative. The agreement mandates a minimum of $32.50 per hour for drivers, with annual adjustments for inflation,
- Bloomberg
- Bloomberg
Two U.S. senators have introduced a bill that would mandate ride-hailing companies like Uber Technologies Inc. (NYSE:UBER) and Lyft Inc. (NASDAQ:LYFT) to inform passengers if their drivers are using dashcams to record them. What Happened: The bill, proposed by Sen. Marsha Blackburn (R-TN) and Sen. Peter Welch (D-VT), would require ride-hailing companies to give passengers the option to switch drivers if they are uncomfortable with being recorded, reported Bloomberg. Uber and Lyft drivers have increasingly been using dashcams to document incidents such as carjackings, assaults, and robberies. While this move was intended to make the service safer and disputes easier to resolve, it has r
Key Takeaways: DiDi Global’s first-quarter revenue grew 14.9% to 49.1 billion yuan, marking a fifth straight quarter of double-digit growth The ride hailing app has moved past earlier regulatory headwinds, but has lost market share to competition and smaller rivals using aggregating platforms By Hugh Chen Nearly two years after driving headlong into a regulatory wall, China’s leading ride-hailing app DiDi Global Inc. finally began to regain some of its former momentum early last year as its woes receded. Those woes dated back to the company’s June 2021 New York IPO, when it was accused of misusing user data and listing its shares despite objections from Chinese regulators. The compan
A U.S. appeals court on Monday rejected a bid by Uber (NYSE:UBER) and its subsidiary Postmates to revive a challenge to a California law that could force the companies to treat drivers as employees rather than independent contractors. What Happened: The 11-judge panel of the 9th U.S. Circuit Court of Appeals in San Francisco upheld a lower court’s decision, Reuters reported on Tuesday. The court ruled that Uber did not demonstrate that the 2020 state law, AB5, unfairly targeted app-based transportation companies while exempting other industries. Uber stated on Monday that the ruling would not alter the status of its drivers, who remain contractors under Proposition 22, a 2020 ballot in
Margin Expansion and Increasing Cash Flows Expected Customer Obsession Drives Profitable Growth Lyft, Inc. (NASDAQ:LYFT) (the "Company" or "Lyft") will host its first Investor Day today. The event will feature presentations by Lyft's CEO David Risher, CFO Erin Brewer, and other leaders from across the Company, who will discuss Lyft's plans for its next phase of profitable growth. The event will conclude with a live Q&A session. "Lyft's customer-obsessed strategy is working. Our execution keeps getting better, we're delivering industry-leading innovation, and we are working closely with partners to create great shared customer experiences," said CEO David Risher. "We're excited to shar
Subramanian joins the leading food for work technology company in the US, bringing more than 20 years of experience at high-growth companies ezCater, the leading food for work technology company in the US, today announced it has named Kaushik Subramanian as Chief Revenue Officer, effective June 3, 2024. Subramanian is a seasoned technology executive with over 20 years of business management experience at high-growth companies and marketplaces, including Lyft, Inc. (NASDAQ:LYFT), Amazon.com, Inc. (NASDAQ:AMZN), and Visa, Inc. (NYSE:V). This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240603123872/en/ezCater, the leading food for
Q1 Rides and Gross Bookings Growth Exceed 20% Year-Over-Year Expects Higher Cash Generation for Full-Year 2024 Lyft, Inc. (NASDAQ:LYFT) today announced financial results for the first quarter ended March 31, 2024. "Lyft is off to a strong start in 2024. We are executing well and bringing much-needed innovation to the market. That's why drivers and riders are choosing Lyft more often," said CEO David Risher. "After a year in the driver's seat at Lyft I'm thrilled to see all the ways that our customer obsession drives profitable growth." "We continue to see demand for our platform increase and our Q1 results reflect this: we delivered strong top-line growth and had our second consecutiv
Lyft, Inc. (NASDAQ:LYFT) (the "Company" or "Lyft") will release financial results for the first quarter of 2024 after the close of the market on Tuesday, May 7, 2024. On the same day, Lyft will host a conference call at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss these financial results and business highlights. To listen to the live audio webcast, please visit the Company's Investor Relations page at https://investor.lyft.com/. The archived webcast will be available on the Company's Investor Relations page shortly after the call. Lyft announces material information to the public about the Company, its products and services and other matters through a variety of means, i
The Harvard Undergraduate Venture Capital Group (VCG) will hold its annual Entrepreneurship Summit on Sunday, March 24, 2024, from 8 AM to 5:30 PM at The Ritz-Carlton in Boston. The Summit is the largest undergraduate entrepreneurship and venture capital conference in the nation and will bring together founders of unicorn startups, CEOs of public companies, and renowned venture capital and private equity investors. The event will convene over 55 speakers and 15 panels on Leadership, Investing, and Entrepreneurship with Advanced Tracks discussing topics ranging from biotech to investing in AI. Keynote speakers include: Steve Kraus, Partner at Bessemer Venture Partners and world-renown
Lyft, Inc. ("Lyft") (NASDAQ:LYFT) today announced the pricing of $400 million aggregate principal amount of Convertible Senior Notes due 2029 (the "notes") in a private offering (the "offering") only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). Lyft also granted the initial purchasers of the notes an option to purchase, for settlement within a 13-day period beginning on, and including, the date Lyft first issues the notes, up to an additional $60 million aggregate principal amount of the notes, solely to cover over-allotments. The sale of the notes to the initial purchasers is e
Lyft, Inc. ("Lyft") (NASDAQ:LYFT) today announced its intention to offer, subject to market conditions and other factors, $400 million aggregate principal amount of Convertible Senior Notes due 2029 (the "notes") in a private offering (the "offering") only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). Lyft also expects to grant the initial purchasers of the notes an option to purchase, for settlement within a 13-day period beginning on, and including, the date Lyft first issues the notes, up to an additional $60 million aggregate principal amount of the notes, solely to cover ove
Lyft, Inc. (NASDAQ:LYFT) announced today that Erin Brewer, Chief Financial Officer, will participate in a fireside chat at the Morgan Stanley Technology, Media & Telecom Conference on Tuesday, March 5, 2024 in San Francisco, CA. Brewer is scheduled to appear at 1:20 p.m. Pacific Standard Time. A live webcast of the event will be available on the investor relations section of the Lyft website at http://investor.Lyft.com. About Lyft Lyft is one of the largest transportation networks in North America, bringing together rideshare, bikes, and scooters all in one app. We are customer-obsessed and driven by our purpose: getting riders out into the world so they can live their lives together,
Full-year Gross Bookings, riders reach all-time highs Lyft to host first Investor Day in June 2024 Lyft, Inc. (NASDAQ:LYFT) today announced financial results for the fourth quarter and full-year ended December 31, 2023. "In 2023, the Lyft team set ambitious goals and the results speak for themselves. We reached the highest level of annual riders in our history, delivered over 700 million rides, and helped drivers take home over $8 billion," said CEO David Risher. "This year we've already launched a new pay standard for drivers and expanded Women+ Connect to over 240 markets – and it's only February 13th. In 2024, we'll prove that Lyft's customer obsession will drive profitable growth.
Lyft, Inc. (NASDAQ:LYFT) (the "Company" or "Lyft") will release financial results for the fourth quarter and full-year 2023 after the close of the market on Tuesday, February 13, 2024. On the same day, Lyft will host a conference call at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time) to discuss these financial results and business highlights. To listen to a live audio webcast, please visit the Company's Investor Relations page at https://investor.lyft.com/. The archived webcast will be available on the Company's Investor Relations page shortly after the call. Lyft announces material information to the public about the Company, its products and services and other matters through a var
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Lyft, Inc. (NASDAQ:LYFT) (the "Company" or "Lyft") will release financial results for the first quarter of 2024 after the close of the market on Tuesday, May 7, 2024. On the same day, Lyft will host a conference call at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss these financial results and business highlights. To listen to the live audio webcast, please visit the Company's Investor Relations page at https://investor.lyft.com/. The archived webcast will be available on the Company's Investor Relations page shortly after the call. Lyft announces material information to the public about the Company, its products and services and other matters through a variety of means, i
Lyft, Inc. (NASDAQ:LYFT) (the "Company" or "Lyft") will release financial results for the fourth quarter and full-year 2023 after the close of the market on Tuesday, February 13, 2024. On the same day, Lyft will host a conference call at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time) to discuss these financial results and business highlights. To listen to a live audio webcast, please visit the Company's Investor Relations page at https://investor.lyft.com/. The archived webcast will be available on the Company's Investor Relations page shortly after the call. Lyft announces material information to the public about the Company, its products and services and other matters through a var
Lyft, Inc. (NASDAQ:LYFT) (the "Company" or "Lyft") will release financial results for the third fiscal quarter of 2023 after the close of the market on Wednesday, November 8, 2023. On the same day, Lyft will host a conference call at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss these financial results and business highlights. To listen to a live audio webcast, please visit the Company's Investor Relations page at https://investor.lyft.com/. The archived webcast will be available on the Company's Investor Relations page shortly after the call. Lyft announces material information to the public about the Company, its products and services and other matters through a variety
Lyft, Inc. (NASDAQ:LYFT) (the "Company" or "Lyft") will release financial results for the second fiscal quarter of 2023 after the close of the market on Tuesday, August 8, 2023. On the same day, Lyft will host a conference call at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time) to discuss these financial results and business highlights. To listen to a live audio webcast, please visit the Company's Investor Relations page at https://investor.lyft.com/. The archived webcast will be available on the Company's Investor Relations page shortly after the call. Lyft announces material information to the public about the Company, its products and services and other matters through a variety of
Lyft, Inc. (NASDAQ:LYFT) (the "Company" or "Lyft") will release financial results for the first fiscal quarter of 2023 after the close of the market on Thursday, May 4, 2023. On the same day, Lyft will host a conference call at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time) to discuss these financial results and business highlights. To listen to a live audio webcast, please visit the Company's Investor Relations page at https://investor.lyft.com/. The archived webcast will be available on the Company's Investor Relations page shortly after the call. Lyft announces material information to the public about the Company, its products and services and other matters through a variety of me
Lyft, Inc. (NASDAQ:LYFT) (the "Company" or "Lyft") will release financial results for the fourth fiscal quarter of 2022 after the close of the market on Thursday, February 9, 2023. On the same day, Lyft will host a conference call at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss these financial results and business highlights. To listen to a live audio webcast, please visit the Company's Investor Relations page at https://investor.lyft.com/. The archived webcast will be available on the Company's Investor Relations page shortly after the call. Lyft announces material information to the public about the Company, its products and services and other matters through a variety of
Lyft, Inc. (NASDAQ:LYFT) (the "Company" or "Lyft") will release financial results for the third fiscal quarter of 2022 after the close of the market on Monday, November 7, 2022. On the same day, Lyft will host a conference call at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time) to discuss these financial results and business highlights. To listen to a live audio webcast, please visit the Company's Investor Relations page at https://investor.lyft.com/. The archived webcast will be available on the Company's Investor Relations page shortly after the call. Lyft announces material information to the public about the Company, its products and services and other matters through a variety of me
Lyft, Inc. (NASDAQ:LYFT) (the "Company" or "Lyft") will release financial results for the second fiscal quarter of 2022 after the close of the market on Thursday, August 4, 2022. On the same day, Lyft will host a conference call at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time) to discuss these financial results and business highlights. To listen to a live audio webcast, please visit the Company's Investor Relations page at https://investor.lyft.com/. The archived webcast will be available on the Company's Investor Relations page shortly after the call. Lyft announces material information to the public about the Company, its products and services and other matters through a variety of m
Lyft, Inc. (NASDAQ:LYFT) (the "Company" or "Lyft") will release financial results for the first fiscal quarter of 2022 after the close of the market on Tuesday, May 3, 2022. On the same day, Lyft will host a conference call at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time) to discuss these financial results and business highlights. To listen to a live audio webcast, please visit the Company's Investor Relations page at https://investor.lyft.com/. The archived webcast will be available on the Company's Investor Relations page shortly after the call. Lyft announces material information to the public about the Company, its products and services and other matters through a variety of means,
Lyft, Inc. (NASDAQ:LYFT) (the "Company" or "Lyft"), today announced that it will release financial results for its fourth fiscal quarter ended December 31, 2021 after the close of the market on Tuesday, February 8, 2022. On the same day, Lyft will host a conference call at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time) to discuss these financial results and business highlights. To listen to a live audio webcast, please visit the Company's Investor Relations page at https://investor.lyft.com/. The archived webcast will be available on the Company's Investor Relations page shortly after the call. Lyft announces material information to the public about Lyft, its products and services and o
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Subramanian joins the leading food for work technology company in the US, bringing more than 20 years of experience at high-growth companies ezCater, the leading food for work technology company in the US, today announced it has named Kaushik Subramanian as Chief Revenue Officer, effective June 3, 2024. Subramanian is a seasoned technology executive with over 20 years of business management experience at high-growth companies and marketplaces, including Lyft, Inc. (NASDAQ:LYFT), Amazon.com, Inc. (NASDAQ:AMZN), and Visa, Inc. (NYSE:V). This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240603123872/en/ezCater, the leading food for