Lyft downgraded by BofA Securities with a new price target
$LYFT
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Consumer Discretionary
BofA Securities downgraded Lyft from Buy to Underperform and set a new price target of $10.50
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/9/2025 | $20.00 | Neutral → Buy | Goldman |
| 4/16/2025 | $15.00 | Outperform | Oppenheimer |
| 4/3/2025 | $10.50 | Buy → Underperform | BofA Securities |
| 1/6/2025 | $20.00 | Hold → Buy | The Benchmark Company |
| 10/25/2024 | Hold | The Benchmark Company | |
| 9/24/2024 | Mkt Perform | Raymond James | |
| 9/5/2024 | $13.00 | Neutral | Cantor Fitzgerald |
| 8/23/2024 | Reduce → Neutral | Nomura |
Engine Capital LP (together with its affiliates, "Engine" or "we") today announced that it is withdrawing its nomination of candidates for election to Lyft, Inc.'s (NASDAQ:LYFT) ("Lyft" or the "Company") Board of Directors (the "Board") at the 2025 Annual Meeting of Shareholders following its engagement with the Company. Arnaud Ajdler, Founder and Portfolio Manager of Engine, commented: "We appreciate the Board's willingness to engage with us about steps that can be taken to enhance value for all of Lyft's shareholders. Following a series of productive conversations, the Board has taken an important first step by committing to significant share repurchases in the coming quarters. In light
Strongest start to the year ever with record Q1 Gross Bookings and Active Riders growth accelerating Cash flow generation approaching $1 billion for the trailing twelve months Increasing share repurchase program to $750 million Lyft, Inc. (NASDAQ:LYFT) today announced strong financial results for the first quarter ended March 31, 2025. "Q1 marked Lyft's 16th consecutive quarter of double-digit year on year Gross Bookings growth demonstrating the resilience and momentum of our customer-obsessed strategy," said Lyft CEO David Risher. "In the last week of March, rides reached the highest weekly levels in our history and dual-app drivers reported a 23 percentage point preference for Lyft. W
Details the Board's Numerous Governance and Capital Allocation Shortcomings, Including a Dual-Class Share Structure, Staggered Board, Unsustainable Level of Dilution, and Unoptimized Balance Sheet Highlights its Director Candidates' Substantial Public Company Board Experience, Capital Allocation Expertise, and Track Records of Value Creation Believes Lyft Should Immediately Implement a $750 Million Accelerated Share Repurchase Program, Eliminate the Dual-Class Share Structure, and De-Stagger the Board Files Definitive Proxy Statement and Urges Shareholders to Vote FOR Alan L. Bazaar and Daniel B. Silvers on the BLUE Universal Proxy Card as Replacements for Directors Sean Aggarwal and Bet
DFAN14A - Lyft, Inc. (0001759509) (Subject)
8-K - Lyft, Inc. (0001759509) (Filer)
DEFA14A - Lyft, Inc. (0001759509) (Filer)
Lyft, Inc. (NASDAQ:LYFT) (the "Company" or "Lyft") will release financial results for the first quarter of 2025 after the close of the market on Thursday, May 8, 2025. 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, inc
Lyft, Inc. (NASDAQ:LYFT) (the "Company" or "Lyft") will release financial results for the fourth quarter and full-year 2024 after the close of the market on Tuesday, February 11, 2025. 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 v
Lyft, Inc. (NASDAQ:LYFT) (the "Company" or "Lyft") will release financial results for the third quarter of 2024 after the close of the market on Wednesday, November 6, 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 mean
4 - Lyft, Inc. (0001759509) (Issuer)
4 - Lyft, Inc. (0001759509) (Issuer)
4 - Lyft, Inc. (0001759509) (Issuer)
4 - Lyft, Inc. (0001759509) (Issuer)
4 - Lyft, Inc. (0001759509) (Issuer)
SC 13G/A - Lyft, Inc. (0001759509) (Subject)
SC 13G/A - Lyft, Inc. (0001759509) (Subject)
SC 13G - Lyft, Inc. (0001759509) (Subject)
Goldman upgraded Lyft from Neutral to Buy and set a new price target of $20.00
Oppenheimer initiated coverage of Lyft with a rating of Outperform and set a new price target of $15.00
BofA Securities downgraded Lyft from Buy to Underperform and set a new price target of $10.50
Active Riders and Rides reached new all-time highs Gross Bookings grew 16% year-over-year Lyft, Inc. (NASDAQ:LYFT) today announced financial results for the third quarter ended September 30, 2024. "Our team delivered one of the strongest quarters in Lyft history, following the many new innovations we've brought to drivers and riders so far this year," said CEO David Risher. "Going forward, our work with best-of-breed partners and the autonomous future we're building will give people even more reasons to choose Lyft every time." "Operational excellence underpins the health of our marketplace and remains a long-term driver of our business," said CFO Erin Brewer. "In Q3, we delivered across
Lyft to join forces with Mobileye, May Mobility, and Nexar to connect riders to AVs Lyft, Inc. (NASDAQ:LYFT), one of North America's largest transportation networks, announced plans for multiple autonomous vehicle (AV) partnerships to connect the Lyft community with future AV rides in the Lyft app. Today, Lyft is announcing its next step in delivering AVs to millions of people. Lyft and Mobileye, a leader in self-driving tech and advanced driver assistance systems (ADAS) plan to bring AVs to the Lyft network. Through this partnership, Lyft will make its scaled rideshare platform available to all vehicles with Mobileye's self-driving technology. Vehicles equipped with Mobileye Drive techno
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