LYFT - Lyft, Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
38.61
+2.53 (+7.03%)
At close: 4:00PM EDT
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Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close36.08
Open37.92
Bid38.50 x 1200
Ask38.69 x 800
Day's Range37.86 - 39.65
52 Week Range14.56 - 68.33
Volume12,197,250
Avg. Volume10,624,293
Market Cap11.846B
Beta (5Y Monthly)N/A
PE Ratio (TTM)N/A
EPS (TTM)-6.66
Earnings DateAug 05, 2020 - Aug 10, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est41.01
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
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  • Working for yourself? Open your eyes to this great deal from the IRS
    MarketWatch

    Working for yourself? Open your eyes to this great deal from the IRS

    At the risk of sounding like Thomas Friedman, who is famous for getting insights from taxi drivers, when I get in an Uber (UBER) or a Lyft (LYFT) I often find myself talking to the driver. What's the difference between a 401(k) and a Roth 401(k)? A deep look into the different retirement accounts available - 401(k), Roth 401(k), IRA, Roth IRA - and how to tell what's best for you.

  • Stick With the Lyft Rally for Another 30% Upside
    InvestorPlace

    Stick With the Lyft Rally for Another 30% Upside

    Shares of ride-sharing giant Lyft (NASDAQ:LYFT), which has been decimated amid the novel coronavirus pandemic, finally caught a break as Lyft stock popped 10% in early June to their highest levels since March after the company gave a bullish update on recent ride trends.Source: Roman Tiraspolsky / Shutterstock.com Lyft reported that May ride volume rose 26% from April. More than that, the company said that ride volume has risen for seven consecutive weeks since early April. And, in cities where stay-at-home orders have been fully lifted, ride demand trends are improving more quickly. These new data points fit alongside a broader data-set which ultimately concludes one thing: the worst of the Covid-19 recession is over. InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Hotel Stocks to Buy Before Vacationing RestartsBetter days are ahead for the whole economy, and for Lyft. Accordingly, I say stick with the rally in LYFT stock. Yes, shares are already up big from their March lows, but they are still well off their February highs. All the data today supports the idea that the ride-sharing industry will fully recover from this pandemic. In this sense, LYFT stock is positioned to rally back to its pre-Covid-19 levels, implying another 30%+ upside. The Worst Is OverThere is ample data out there which supports the notion that the worst of the Covid-19 recession is over -- and that things will get back to "normal" rather quickly. In addition to Lyft's rebounding ride volume trends: * A recurring Statista survey shows that consumers are increasingly less afraid of Covid-19, with the number of consumers saying they are very worried about the virus dropping from 28% in late March, to 20% in late May. * Weekly jobless claims came in at just 1.9 million for the last week of May, continuing a multi-week downtrend in job loss. Many economists see job creation resuming soon. * The ISM's Non-Manufacturing PMI for May came in at 45.4, ahead of expectations and up 3.6 points from April. * Manufacturing PMI similarly improved in May. * Apparel retailers from Kohl's (NYSE:KSS) to Urban Outfitters (NASDAQ:URBN) are reporting rebounding store traffic. * Planet Fitness (NYSE:PLNT) reported strong gym traffic trends. * Where open, beaches have been packed.All in all, the takeaway is clear. The U.S. economy is rebounding, and those industries that were supposed to forever change -- ride-sharing, physical shopping, gyms and social events -- are normalizing quickly. They will continue to normalize over the next few months. As they do, "get out of the house" stocks will continue to recover. Next Stop is $45For LYFT stock, the next stop is $45. Over the next few months, the company's ride volume trends will continue to recover as the economy gradually reopens. Consumers will regain confidence and the world gets back to going out and socializing on the weekends.At the current pace, ridership trends could even get back to the flat-line by late summer -- well ahead of consensus estimates. The consensus Q2 and Q3 revenue estimates on Wall Street call for 30%+ revenue declines in each quarter.Above-consensus results over the next few quarters, plus marked multiple expansion (shares trade hands at 2.7-times sales, versus a 2019-average-sales-multiple of nearly 4), will power LYFT stock higher. How much higher?To around $45. That's roughly where shares traded pre-Covid-19. It makes sense that Lyft stock will do a full round trip back to those levels, as its growth trends complete a similar round trip. Above $40 is also where the company's long-term profit growth prospects say the stock should trade in 2020, assuming: 1) the ride-sharing industry gets back to growing, 2) Lyft maintains its No. 2 position in that market, and 3) the market continues to rationalize and scale drives profit margins higher. Under those assumptions, I maintain that Lyft has $5 in earnings per share potential by 2030. Based on a 20-times forward earnings multiple and a 10% annual discount rate, that equates to a 2020 price target of well over $40. Bottom Line on LYFT StockStick with the recovery rally in LYFT stock.It may not be smooth. In fact, it'll almost assuredly be choppy.But the big picture remains favorable. In the coming months, the economic recovery and consumer behavior normalization waves will ultimately push this stock back to where it was before Covid-19 emerged - implying 30%+ more upside potential in LYFT stock. Luke Lango is a Markets Analyst for InvestorPlace. He has been professionally analyzing stocks for several years, previously working at various hedge funds and currently running his own investment fund in San Diego. A Caltech graduate, Luke has consistently been rated one of the world's top stock pickers by various other analysts and platforms, and has developed a reputation for leveraging his technology background to identify growth stocks that deliver outstanding returns. Luke is also the founder of Fantastic, a social discovery company backed by an LA-based internet venture firm. As of this writing, he was long KSS. More From InvestorPlace * Why Everyone Is Investing in 5G All WRONG * Top Stock Picker Reveals His Next 1,000% Winner * The 1 Stock All Retirees Must Own * Look What America's Richest Family Is Investing in Now The post Stick With the Lyft Rally for Another 30% Upside appeared first on InvestorPlace.

  • Is Lyft, Inc. (LYFT) A Good Stock To Buy?
    Insider Monkey

    Is Lyft, Inc. (LYFT) A Good Stock To Buy?

    The financial regulations require hedge funds and wealthy investors that exceeded the $100 million equity holdings threshold to file a report that shows their positions at the end of every quarter. Even though it isn't the intention, these filings to a certain extent level the playing field for ordinary investors. The latest round of 13F […]

  • Is Uber Stock A Buy Right Now? Here's What Earnings, Charts Show
    Investor's Business Daily

    Is Uber Stock A Buy Right Now? Here's What Earnings, Charts Show

    Uber Technologies is a global company that is transforming the ride-sharing and meal delivery markets. After a much-hyped debut on May 10, 2019, Uber stock is one of the most watched IPO stocks today, but is Uber a buy right now in the current coronavirus stock market rally? In 2018, Uber had earnings of 59 cents per share, but the profit was temporary.

  • Lyft Rises Nealy 9% on May Ridership Figures, New EBITDA Forecast
    Motley Fool

    Lyft Rises Nealy 9% on May Ridership Figures, New EBITDA Forecast

    Lyft (NASDAQ: LYFT) was a rideshare star on the stock market Wednesday, following the previous day's after-market release of its latest business update. Previously, Lyft guided for a maximum loss of $360 million. Lyft said, unsurprisingly, that the most robust growth in May ridership occurred in cities where coronavirus-related limits on personal movement had been lifted.

  • Company News for June 4, 2020
    Zacks

    Company News for June 4, 2020

    Companies in the news are: LYFT, AEG, CAKE, HUGE

  • Uber's Ride-Hailing Business Shows Recovery In May, Food Delivery Continues On Pandemic Growth, CEO Says
    Benzinga

    Uber's Ride-Hailing Business Shows Recovery In May, Food Delivery Continues On Pandemic Growth, CEO Says

    Uber Technologies Inc. (NYSE: UBER) is seeing its business slowly recovering from lows hit earlier this year due to the novel coronavirus-related (COVID-19) lockdowns, Chief Executive Officer Dara Khosrowshahi said in a conference call with Bank of America analysts, Reuters reported.What Happened Khosrowshahi said the total rides in May were down 70% compared to the similar month a year ago, according to Reuters. This is an improvement over April, where the San Francisco-based company reported rides being down 80% year-on-year.The Uber CEO further told BoA analysts that the ride numbers are improving every week, and in Hong Kong, rides have recovered more than 80% from the lows reached in the previous months due to the coronavirus, Reuters noted.According to Khosrowshahi, the company's food delivery business, Uber Eats, continued to see growth in business similar to the first quarter, Reuters reported.Analysts had previously expressed concerns if Uber Eats will continue the growth beyond the pandemic-related lockdowns which had forced people to stay at home and restaurants to halt in-house dining.Why It Matters The coronavirus pandemic brought the operations of ride-hailing companies, which have already been struggling to make profits, to a near halt.As authorities across the United States lifted lockdowns put in place to curb the spread of the virus, the business was expected to see a slow rebound.Rival Lyft Inc. (NYSE: LYFT) on Tuesday reported rides on its platform increased 26% compared to the previous month but remained 70% lower year-on-year nonetheless.Both companies have also taken an impact from the widespread protests across the U.S. on their operations, including the need to comply with curfew hours.Price Action Uber shares closed 2.6% higher at $36.75 on Wednesday. The shares traded another 0.7% higher in the after-hours session at $37.See more from Benzinga * UK Supply Chain Startup Beacon Raises M From Amazon CEO, Others * Facebook Rebrands Cryptocurrency Wallet Subsidiary Calibra(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • Keybanc: Uber, Lyft could benefit post coronavirus
    Yahoo Finance Video

    Keybanc: Uber, Lyft could benefit post coronavirus

    According to a note released by Keyblanc Capital Markets, both Uber and Lyft could see a spike in their profits as states begin to reopen, mainly due to people living in cities who choose to use the ride-sharing apps in lieu of taking public transportation. Yahoo Finance’s The Final Round panel discuss the details of the note’s longterm predictions.

  • Why Lyft Stock Jumped Today
    Motley Fool

    Why Lyft Stock Jumped Today

    What happened Shares of Lyft (NASDAQ: LYFT) have jumped today, up by 10% as of 1 p.m. EDT, after the company said ridesharing demand has started to rebound. Rides increased 26% in May compared to April.

  • TheStreet.com

    Lyft Surges on Uptick in Rides, But Still Has Long Road Ahead

    Hit hard by the coronavirus pandemic, Lyft sees a light at the end of the tunnel for its ridehailing business. The mobility firm said in a filing on Tuesday that Lyft rides increased by 26% in May compared to April, thought they were still down 70% year over year. Wedbush analyst Dan Ives called the update an "incremental positive step," but cautioned that it'll take a long time for ridehailing to fully recover.

  • Civil unrest 'taking a toll on small businesses' as states continue to reopen amid the coronavirus: Fivestars CEO
    Yahoo Finance Video

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  • Lyft rides increased 26% in May 2020
    Yahoo Finance Video

    Lyft rides increased 26% in May 2020

    Lyft rides in May 2020 increased compared to April 2020. Yahoo Finance’s Heidi Chung breaks down the details.

  • Stock Market News for June 3, 2020
    Zacks

    Stock Market News for June 3, 2020

    Benchmarks closed higher on Tuesday as investors looked past civil unrest across major cities and focused on easing of coronavirus-led lockdown and signs of economic recovery.

  • Lyft Improves Q2 View on 26% Rise in May Rides, Stock Up
    Zacks

    Lyft Improves Q2 View on 26% Rise in May Rides, Stock Up

    Lyft's (LYFT) ride volumes increase 26% in May from April. Based on this uptrend, the company improves second-quarter adjusted loss view.

  • Lyft Rises 5% After-Hours On Strong May Performance
    SmarterAnalyst

    Lyft Rises 5% After-Hours On Strong May Performance

    Shares in Lyft (LYFT) rose 5% in Tuesday’s after-hours trading, after the company provided an encouraging update on May business trends and on its Adjusted EBITDA outlook for the second quarter.Rides on Lyft’s rideshare platform in May 2020 increased 26% versus April 2020, although they were still down 70% year-over-year.Rideshare rides have increased week-over-week for 7 consecutive weeks since the week ended April 12, 2020, Lyft also revealed. In the week ended May 31, 2020 rideshare rides were down approximately 66% versus the year ago period and increased 5.5% versus the prior week.Recent monthly rideshare ride growth has been stronger in specific cities where restrictions on social activities and visiting business venues have been eased, says Lyft. For example, rideshare rides increased 73% in Austin, 41% in Denver, 54% in Las Vegas, and 59% in Miami, in May versus April. In addition, bike rides on the Lyft platform increased 118% in May 2020 versus April 2020.Given the stronger performance in May 2020 versus April 2020, Lyft now expects that its Adjusted EBITDA loss for the second quarter will not exceed $325 million if average daily rideshare ride volume in June is unchanged from May- a roughly 10% improvement relative to the company’s prior expectation of a loss not exceeding $360 million.Lyft also pointed out that it has taken further steps to improve its financial position. In May, Lyft completed a convertible debt offering, along with corresponding capped call transactions. On a pro forma basis for these transactions, Lyft held approximately $3.3 billion of unrestricted cash, cash equivalents and short-term investments as of March 31, 2020.Overall the Street has a cautiously optimistic take on LYFT with a Moderate Buy consensus and $43 average analyst price target (35% upside potential).(See Lyft stock analysis on TipRanks) Shares have plunged 26% year-to-date, but RBC Capital analyst Mark Mahaney argues that Lyft “should be a very good Rebound Stock.”“As SIP restrictions are lifted, we expect Rides demand to recover to full growth by H1:21” he says, adding “In the meantime, we believe LYFT’s scale to profitability is improving. Thanks to $300MM in additional fixed expenses, LYFT believes that it can now achieve EBITDA profitability with 15%-20% lower Ride volume than it previously modeled.” Mahaney has a buy rating on the stock and $51 price target (61% upside potential).Related News: Carl Icahn Initiates Position in Delek US Holdings, Boosts Occidental Petroleum Uber In Partnership With MoneyGram For Driver Discount During Pandemic More recent articles from Smarter Analyst: * Micron's Growth Story Remains Intact, Says Analyst * Aurora Cannabis (ACB): The Stock Is Too Hot on U.S. CBD Entry * Billionaire Jim Simons Snaps Up These 3 Penny Stocks * Novavax Surging On $60M Funding For Covid-19 Vaccine Candidate

  • Lyft Shares Jump As Company Reports 26% Increase In Rides In May, Upgrades Q2 Expectations
    Benzinga

    Lyft Shares Jump As Company Reports 26% Increase In Rides In May, Upgrades Q2 Expectations

    The shares of Lyft Inc. (NASDAQ: LYFT) jumped in the after-hours session on Tuesday as the ride-hailing company reported an increase in business following the lifting of novel coronavirus-related (COVID-19) lockdown.What Happened Lyft said the total number of rides increased 26% in May compared to the previous month, CNBC reported. The sales were nevertheless down 70% compared to a year ago as demand remained low due to the pandemic.The Uber Technologies Inc. (NYSE: UBER) competitor said it isn't expecting an adjusted EBITDA loss of more than $325 million for the second quarter ending in June, if the demand for the rides remains at a similar level in June as May, according to CNBC.View more earnings on LYFTLyft had previously said the adjusted EBITDA loss could be as much as $360 million in Q2.The San Francisco-based company beat analyst estimates for the first-quarter results earlier this month, reporting a loss of $1.31 per share and an adjusted EBITDA loss of $85.2 million.Lyft and Uber's businesses have also taken an impact from the ongoing widespread protests in the United States following the death of George Floyd, needing to suspend operations in some cities, after being already battered by the coronavirus.Lyft Price Action Lyft shares traded 4.7% higher at $33.17 on Tuesday after closing the regular session 2.8% lower at $31.68.See more from Benzinga * Facebook Rebrands Cryptocurrency Wallet Subsidiary Calibra * Carvana Rival Online Retailer Vroom Plans June IPO: Report * Hertz Plummets Amid Reports Company Could File For Bankruptcy This Week(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • Barrons.com

    Lyft Stock Is Climbing After the Company Reported a Solid Rebound in Rides

    Lyft reduced its projected second-quarter loss, as the company experiences a rebound in ride activity. It said rides in May were up 26% from April.

  • Lyft says May rides jump 26% from prior month
    Reuters

    Lyft says May rides jump 26% from prior month

    Lyft's shares rose 4.2% to $33.02 in extended trading after the company said rides had risen week-over-week for seven consecutive weeks since the week ended April 12. "For the last three weekends, as restrictions on certain activities were eased in parts of the country, there was stronger relative sequential growth in weekend rides versus weekly rides on Lyft's rideshare platform," the company said.

  • MarketWatch

    Lyft says ride-hailing activity picked up in May and improves forecast, stock up 3%

    Lyft Inc. disclosed Tuesday afternoon that ride-hailing activity has picked up as COVID-19 restrictions have eased, and the company improved its forecast for expected second-quarter losses. Shares gained more than 3% in after-hours trading. Lyft admitted that it gave 70% fewer rides in May than it did in the same month last year, but said that rides increased 26% from April and were performing better in cities that have begun relaxing restrictions. "For example, rideshare rides increased 73% in Austin, 41% in Denver, 54% in Las Vegas, 59% in Miami, 64% in Nashville, 42% in New York City, 40% in Phoenix, 49% in Salt Lake City and 40% in Seattle in the month of May 2020 versus the month of April 2020," Lyft disclosed in a filing with the Securities and Exchange Commission. In response, Lyft said that adjusted Ebitda losses would not exceed $325 million, about 10% better than the maximum $360 million in highly adjusted losses the company predicted when it released quarterly earnings in early May.

  • Uber, Lyft suspend services amid protests
    Yahoo Finance Video

    Uber, Lyft suspend services amid protests

    Yahoo Finance’s Brian Sozzi, Alexis Christoforous, and Ines Ferre discuss Uber, Lyft, and DoorDash after the companies said they’re suspending operations.

  • Uber, Lyft Temporarily Suspend Service In Some US Cities Due To Protests
    Benzinga

    Uber, Lyft Temporarily Suspend Service In Some US Cities Due To Protests

    As protests continue over the killing of George Floyd, an African-American who died while being restrained by a white policeman, some local governments have imposed curfews, leading to ridesharers Uber Inc. (NASDAQ: UBER) and Lyft Inc. (NASDAQ: LYFT) suspending services.What Happened Uber has suspended its services in Los Angeles, Oakland, San Francisco and parts of Minneapolis during curfew hours.Lyft is following local guidance on curfew compliance, while the food delivery service DoorDash will also suspend operations in areas where curfew is in place, reported CNBC.Uber said in a statement, "Some cities have requested that we suspend operations completely while others want to ensure Uber is available for essential services." The company added, "We're also using the Uber app to educate riders and drivers about city curfews and remind them Uber should be used for emergency purposes only during this time."Why It Matters George Floyd, a 46-year old black Minneapolis resident, died on May 25. Video footage of his killing sparked protests, which have sometimes turned violent. Last week the protests led to the evacuation of the president to an underground shelter.Uber CEO Dara Khosrowshahi has pledged one million dollars to two justice reform groups in an expression of solidarity with the black community.On Monday, Lyft co-founders Logan Green and John Zimmer composed a call to action saying that recent acts of injustice against black Americans have "created an inflection point in America."Price Action Uber shares traded 0.21% lower at $35.61 in the after-hours session on Monday. The shares had closed the regular session 1.38% lower at $35.82.Lyft shares traded 1.35% lower at $32.15 in the after-hours session on Monday. The shares had closed the regular session 4.25% higher at $32.59.See more from Benzinga * Uber To Cut Thousands Of Jobs Again * SoftBank Facing Record Losses As Startup Investments Fail To Deliver(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • Investing Lessons From the Failure of Hertz
    GuruFocus.com

    Investing Lessons From the Failure of Hertz

    Carl Icahn's $2 billion loss serves as a warning sign for investors Continue reading...

  • Lyft violates Washington DC sick day law during pandemic, lawsuit claims
    Reuters

    Lyft violates Washington DC sick day law during pandemic, lawsuit claims

    Lyft Inc was sued on Friday by a former driver who accused the ride-sharing company of failing to provide required paid sick leave to drivers in Washington, D.C., a policy she said could fuel the spread of the coronavirus. Cassandra Osvatics, of Bowie, Maryland, accused Lyft of subjecting current and former drivers to a "Hobbesian choice" between having to risk their livelihoods by staying home when sick, or "risk their lives (and the lives of their passengers)" by working through their illnesses. Underlying the proposed class action is a belief that Lyft drivers qualify as employees, entitling them in the nation's capital to about seven paid sick days annually based on 2,000 hours worked.