Latest news with #LYFT
Yahoo
2 days ago
- Business
- Yahoo
Lyft (LYFT) Stock Slides as Market Rises: Facts to Know Before You Trade
In the latest trading session, Lyft (LYFT) closed at $14.76, marking a -1.14% move from the previous day. This change lagged the S&P 500's daily gain of 0.54%. On the other hand, the Dow registered a gain of 0.52%, and the technology-centric Nasdaq increased by 0.74%. Heading into today, shares of the ride-hailing company had gained 1.63% over the past month, lagging the Computer and Technology sector's gain of 5.77% and the S&P 500's gain of 4.2%. The investment community will be closely monitoring the performance of Lyft in its forthcoming earnings report. The company's upcoming EPS is projected at $0.27, signifying a 12.50% increase compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $1.61 billion, indicating a 12.28% growth compared to the corresponding quarter of the prior year. For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $1.1 per share and a revenue of $6.51 billion, representing changes of +15.79% and +12.5%, respectively, from the prior year. Any recent changes to analyst estimates for Lyft should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook. Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system. The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 3.27% decrease. Lyft currently has a Zacks Rank of #4 (Sell). Looking at valuation, Lyft is presently trading at a Forward P/E ratio of 13.57. This represents a discount compared to its industry average Forward P/E of 19.88. Also, we should mention that LYFT has a PEG ratio of 0.66. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Internet - Services industry currently had an average PEG ratio of 1.54 as of yesterday's close. The Internet - Services industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 73, positioning it in the top 30% of all 250+ industries. The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Be sure to follow all of these stock-moving metrics, and many more, on Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Lyft, Inc. (LYFT) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
10-07-2025
- Business
- Yahoo
Lyft (LYFT) Drops 4.8% as Investors Done Pricing In New Market Entry
Lyft, Inc. (NASDAQ:LYFT) is one of the . Lyft dropped its share prices by 4.8 percent on Wednesday to end at $15.66 each as investors unloaded positions amid the lack of catalysts to support investing appetite, while already pricing in its recent entry into the Puerto Rican market. Earlier this week, Lyft, Inc. (NASDAQ:LYFT) announced the official launch of its ride-sharing service in Puerto Rico as part of its expansion plans in North America and Europe. The company began recruiting drivers late in May, promising $100 bonuses to those who could complete 50 rides in the first month in San Juan. 'There's obviously a deep connection between many folks who are in the mainland United States who have connections in Puerto Rico,' said Lyft, Inc. (NASDAQ:LYFT) EVP Jeremy Bird, who is overseeing driver experience and the company's international expansion. A ridesharing passenger and driver in a car, looking out the window in anticipation of their destination. According to Bird, there is a strong demand for the company's services from locals and tourists from places like New York and Chicago. While we acknowledge the potential of LYFT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Business Insider
09-07-2025
- Business
- Business Insider
‘Tesla's Disappointing Robotaxi Debut May Be a Win for Lyft,' Says Oppenheimer
The rising cost of owning a car and Tesla's (TSLA) disappointing robotaxi debut in Austin may turn out to be a win for ride-hailing company Lyft (LYFT), according to Oppenheimer analysts Chad Larkin and Jason Helfstein. Indeed, they believe that this situation gives Lyft a chance to close the gap with Uber (UBER) and significantly improve its EBITDA margins. The analysts argue that the idea of robotaxis disrupting ride-share demand has been put on pause, thanks to Tesla's underwhelming rollout. Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Larkin and Helfstein also pointed out that since Lyft's first-quarter earnings in May, consumer demand and competition haven't changed much. This stable environment suggests that the company is on track for a strong second half of the year. In addition, as Lyft's earnings grow, the analysts expect the company to pursue more strategic acquisitions, such as its recent FreeNow deal. They also believe that Lyft could eventually begin buying back its own shares. As a result, based on this positive outlook and the stock's strong performance since Q1, Oppenheimer reiterated its Outperform rating on Lyft. It also raised its price target by $3 to $20 per share, which represents about 25% upside from Monday's closing price. Interestingly, it is worth noting that Helfstein is a four-star analyst with an average return of 5.3% per rating. Is LYFT a Good Stock to Buy? Turning to Wall Street, analysts have a Hold consensus rating on LYFT stock based on seven Buys, 22 Holds, and one Sell assigned in the past three months, as indicated by the graphic below. Furthermore, the average LYFT price target of $17.21 per share implies 4.4% upside potential.
Yahoo
07-07-2025
- Business
- Yahoo
Here's Why Lyft (LYFT) is a Strong Value Stock
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Achieving those goals is made easier with the Zacks Style Scores, a unique set of guidelines that rates stocks based on popular investing methodologies, namely value, growth, and momentum. The Style Scores can help you narrow down which stocks are better for your portfolio and which ones can beat the market over the long-term. Different than growth or momentum investors, value-focused investors are all about finding good stocks at good prices, and discovering which companies are trading under what their true value is before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, and Price/Cash Flow to help pick out the most attractive and discounted stocks. Lyft, based in San Francisco, CA, was founded in 2012. The company, however, made its trading debut on the Nasdaq in March 2019. Its IPO price was $72 a share. Lyft completed its IPO on Apr 2, 2019. During the process, the company sold 32,500,000 shares of Class A common stock. On Apr 9, 2019, Lyft sold 2,996,845 more shares of Class A common stock at $72 per share. LYFT boasts a Value Style Score of B and VGM Score of B, and holds a Zacks Rank #2 (Buy) rating. Shares of Lyft are trading at a forward earnings multiple of 14.7X , as well as a PEG Ratio of 0.7, a Price/Cash Flow ratio of 61.8X, and a Price/Sales ratio of 1.1X. Value investors don't just pay attention to a company's valuation ratios; positive earnings play a crucial role, too. Seven analysts revised their earnings estimate upwards in the last 60 days for fiscal 2025. The Zacks Consensus Estimate has increased $0.09 to $1.1. LYFT has an average earnings surprise of 24.2%. Investors should take the time to consider LYFT for their portfolios due to its solid Zacks Ranks, notable earnings and valuation metrics, and impressive Value and VGM Style Scores. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Lyft, Inc. (LYFT) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
03-07-2025
- Business
- Yahoo
Lyft (LYFT) Upgraded to Buy, Crowned TD Cowen's Top SMID-Cap Pick
Lyft Inc. (NASDAQ:LYFT) is one of the 20 undervalued momentum stocks that are taking off. On June 24, TD Cowen analyst John Blackledge upgraded Lyft Inc. to Buy from Hold, raising the price target from $16 to $21. Notably, he named Lyft his 'Best SMID-cap Idea' (small and mid-cap stock idea) for 2025. Blackledge pointed to several key factors behind his upgraded view. One of the main reasons was Lyft's focus on smaller U.S. markets. As per the analyst, cities such as Charlotte and Indianapolis showed over 30% year-over-year growth in Q1 2025, suggesting strength outside the company's traditional top-tier markets. A close-up view of a hand holding a smartphone, using a ride sharing app. International expansion was another reason. The analyst highlighted Lyft's planned acquisition of FREENOW, a European mobility platform, which is expected to contribute roughly €1 billion in annual gross bookings. Growth in Canada has also been notable, up 100% in 2024 and continuing with 50% growth in Q1 2025. The analyst also highlighted that product innovation and improved user experience are also supporting the company's growth. Blackledge pointed to initiatives such as Price Lock, which allows users to lock specific fares while helping Lyft build a base of recurring subscription revenue. The recent partnership with DoorDash is also driving user engagement and expanding the active rider base. Blackledge believes Lyft is executing well and doesn't need to gain market share from Uber, as it currently holds about 30% of the U.S. rideshare market, for its stock to perform. Over the long term, he sees upside from autonomous vehicles, which should expand the overall market opportunity. Lyft Inc. (NASDAQ:LYFT) is a leading ride-sharing and mobility-as-a-service company that connects passengers with drivers through its digital platform. The company operates in major cities across the U.S. and Canada, offering ride-hailing, bike and scooter rentals, and fleet management solutions. While we acknowledge the potential of LYFT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and 10 Best Tech Stocks to Buy According to Billionaires. Disclosure: None.
