Lyft forecasts 15% annual growth in gross bookings through 2027, shares jump
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Roth/MKM Reiterates Neutral Rating on Lyft (LYFT)
June 10, 2024 7:25 AM EDTRoth/MKM analyst Rohit Kulkarni reiterated a Neutral rating and $19.00 price target on Lyft (NASDAQ: LYFT).
The analyst comments "On Thursday, June 6, Lyft hosted its first-ever investor day since its March 2019 IPO. We are impressed by Lyft's three-year outlook implying $25bn... More
UBS Reiterates Neutral Rating on Lyft (LYFT)
June 7, 2024 10:55 AM EDTUBS analyst Lloyd Walmsley reiterated a Neutral rating and $19.00 price target on Lyft (NASDAQ: LYFT).
The analyst comments "We walk away from Lyft's first investor day directionally more positive as it set 2024- 2027 targets ahead of consensus. Key guidance parameters included: 1) 2024-2027... More
Bernstein SocGen Group Reiterates Market Perform Rating on Lyft (LYFT)
June 7, 2024 10:46 AM EDTBernstein SocGen Group analyst Nikhil Devnani reiterated a Market Perform rating and $19.00 price target on Lyft (NASDAQ: LYFT).
The analyst comments "LYFT hosted its inaugural Investor Day in New York yesterday. The company came out swinging with a strong set of guidance that implies... More
Evercore ISI Reiterates In Line Rating on Lyft (LYFT)
June 7, 2024 4:51 AM EDTEvercore ISI analyst Mark Mahaney reiterated an In Line rating and $18.00 price target on Lyft (NASDAQ: LYFT).
The analyst comments "We attended LYFTs first investor day in NYC and came away more constructive on the companys growth and profit prospects. LYFT... More
Lyft shares gain on mid-term guidance
June 6, 2024 10:25 AM EDTLyft (NASDAQ: LYFT) shares are up more than 5% today after the company outlined its mid-term guidance for profitable growth.
The positive outlook is driving the rally in stock price. Lyft expects to see a Gross Bookings compound annual growth rate of approximately 15% between 2024... More
