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 |
|---|---|---|---|
| 9/5/2024 | $13.00 | Neutral | Cantor Fitzgerald |
| 8/23/2024 | Reduce → Neutral | Nomura | |
| 7/22/2024 | $15.00 | Hold | Melius |
| 7/16/2024 | Peer Perform | Wolfe Research | |
| 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 |
Lyft, Inc. (NASDAQ:LYFT) announced today that David Risher, Chief Executive Officer, and Erin Brewer, Chief Financial Officer, will participate in a fireside chat at the Goldman Sachs Communacopia & Technology Conference on Tuesday, September 10, 2024 in San Francisco, CA at 10:50 a.m. Pacific 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 tog
Drivers on the Lyft platform now have access to a host of new features including Lyft Direct Savings, Balance Protection, enhanced cashback rewards, and more SAN FRANCISCO and TORONTO, Aug. 27, 2024 /PRNewswire/ - Lyft, Inc. (NASDAQ:LYFT), one of the largest transportation networks in North America, and Payfare Inc. (TSX:PAY) (OTCQX:PYFRF), a leading international Earned Wage Access ("EWA") company powering instant access to earnings and digital banking solutions for workforces, are launching new features for the Lyft Direct debit card and banking app. Lyft Direct is a worry-free, mobile banking solution designed specifically for drivers on the Lyft platform. It offers free instant access t
Achieved All-time High Active Riders and Rides Lyft, Inc. (NASDAQ:LYFT) today announced financial results for the second quarter ended June 30, 2024. "For over a year you've heard us say that customer obsession drives profitable growth," said CEO David Risher. "In Q2 we delivered, and drivers and riders are choosing Lyft in record numbers." "Our platform is growing in a very healthy way as evidenced by the strength of our financial results, including strong cash flow generation and GAAP Net income," said CFO Erin Brewer. "We had a strong second quarter with more than a hundred million dollars in Adjusted EBITDA, and we have solid momentum entering the second half of the year." Secon
SAN FRANCISCO, July 25, 2024 /PRNewswire/ -- Today, Everlance and Lyft announce a strategic partnership to better serve the rideshare driver ecosystem. This collaboration involves Everlance, an industry leader in providing tools for mobile workers, and Lyft (NASDAQ:LYFT), one of the largest transportation networks in North America, continuing to build and further the financial resources available to all drivers on the Lyft platform. This collaboration aims to provide significant tax savings to Lyft drivers through exclusive discounts on Everlance Premium products. "At Everlanc
The extension allows Lyft Direct cardholders to continue benefiting from free instant pay after every ride, a rich cashback rewards program, and more SAN FRANCISCO, Calif. and TORONTO, July 25, 2024 /PRNewswire/ - Lyft, Inc. (NASDAQ:LYFT), one of the largest transportation networks in North America, and Payfare Inc. (TSX:PAY) (OTCQX:PYFRF), a leading international Earned Wage Access ("EWA") company powering instant access to earnings and digital banking solutions for workforces, are excited to announce the long-term extension of their successful partnership on Lyft Direct. This extension allows drivers on the Lyft platform to continue benefiting from free instant pay, a feature rich digital
Lyft, Inc. (NASDAQ:LYFT) (the "Company" or "Lyft") will release financial results for the second quarter of 2024 before the open of the market on Wednesday, August 7, 2024. On the same day, Lyft will host a conference call at 5:15 a.m. Pacific Time (8:15 a.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 me
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
This extension allows drivers on the Lyft platform to continue benefiting from free instant pay, a feature rich digital banking platform, and a robust loyalty rewards program, so drivers on the Lyft platform can keep more of what they earn.
Will Serve As Nonemployee Advisor Until November 30, 2024; Departure Not Due To Dispute Or Disagreement With Company
https://techcrunch.com/2024/07/23/the-waymo-zeekr-robotaxi-has-come-to-san-francisco/
Melius Research analyst Conor Cunningham initiates coverage on Lyft (NASDAQ:LYFT) with a Hold rating and announces Price Target of $15.
Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) autonomous ride hailing service Waymo is gathering its efforts to secure access for its robotaxis at San Francisco International Airport (SFO). The company aims to start pickups and drop-offs at the airport, according to emails reviewed by TechCrunch. While Waymo already holds permits to operate its robotaxi service in San Francisco, parts of the Peninsula, and on highways leading to the airport, SFO access requires separate approval from the San Francisco Airport Commission. Permits for airport access are granted at SFO’s discretion. According to SFO spokesperson Doug Yakel, the process for Waymo may be as complex as it was for Uber Technol
Wolfe Research analyst Shweta Khajuria initiates coverage on Lyft (NASDAQ:LYFT) with a Peer Perform rating.
Needham analyst Bernie McTernan reiterated Uber Technologies Inc (NYSE:UBER) with a Buy and a $90 price target. McTernan observed strong second-quarter pricing trends, pushing the analyst to increase his bookings estimates for Uber and Lyft towards the high end of guidance. Wait times were mixed, with Uber’s rising and Lyft’s falling, narrowing Uber’s advantage, McTernan noted. From an investment perspective, McTernan preferred Uber as he noted it as a stronger, profitable growth story. However, Lyft’s value proposition to consumers is improving, with lower pricing and wait times and a valuation that has drifted back towards trough levels, the analyst said. For both, competition fears
https://x.com/elonmusk/status/1812883378703925625
In the preceding three months, 25 analysts have released ratings for Lyft (NASDAQ:LYFT), presenting a wide array of perspectives from bullish to bearish. The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 4 5 16 0 0 Last 30D 0 0 0 0 0 1M Ago 0 0 1 0 0 2M Ago 3 3 5 0 0 3M Ago 1 2 10 0 0 The 12-month price targets, analyzed by analysts, offer insights with an average target of $19.64, a high estimate of $24.00, and a low estimate of $13.00. This upward trend is apparent, with th
Needham analyst Bernie McTernan reiterates Lyft (NASDAQ:LYFT) with a Hold.
8-K - Lyft, Inc. (0001759509) (Filer)
144 - Lyft, Inc. (0001759509) (Subject)
144 - Lyft, Inc. (0001759509) (Subject)
10-Q - Lyft, Inc. (0001759509) (Filer)
8-K - Lyft, Inc. (0001759509) (Filer)
8-K - Lyft, Inc. (0001759509) (Filer)
8-K - Lyft, Inc. (0001759509) (Filer)
8-K - Lyft, Inc. (0001759509) (Filer)
144 - Lyft, Inc. (0001759509) (Subject)
SD - Lyft, Inc. (0001759509) (Filer)
Cantor Fitzgerald initiated coverage of Lyft with a rating of Neutral and set a new price target of $13.00
Nomura upgraded Lyft from Reduce to Neutral
Melius initiated coverage of Lyft with a rating of Hold and set a new price target of $15.00
Wolfe Research initiated coverage of Lyft with a rating of Peer Perform
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
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
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Lyft, Inc. (NASDAQ:LYFT) (the "Company" or "Lyft") will release financial results for the second quarter of 2024 before the open of the market on Wednesday, August 7, 2024. On the same day, Lyft will host a conference call at 5:15 a.m. Pacific Time (8:15 a.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 me
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,