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Lyft (LYFT-Q)
NASDAQ:LYFT
16.74
0.59
(3.65%) 1d
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Moody’s downgrade pressures stocksMarkets dip on hawkish U.S. FedStocks jump on Powell’s comments, oil rallyThis summary was created by AI, based on 7 opinions in the last 12 months.
The reviews from different experts present a mixed opinion about Lyft. Some experts believe that the company needs to innovate and potentially change its CEO to improve its performance, while others find Lyft interesting, especially under new leadership. The announcement of layoffs by the new CEO has been seen as a positive move, but there are concerns about the company's ability to achieve profitability. Overall, the sentiment is divided, with some experts expressing caution and others showing interest in Lyft's potential under new management.
$18.875
Unknown
Lags Uber while Lyft has fallen off. The stock has based around $10 for the past 1.5 years. The company needs to do something: innovate, change CEO. Maybe you can trade this trading range. Otherwise, you need to see a breakout.
She also finds Lyft interesting under a new CEO, more interesting that Uber. She's watching Lyft more than Uber.
Not a viable competitor to UBER, and the results show it.
The new CEO announced layoffs, which signalled that he bit the bullet and made a good move. Give this two quarters and see.
They keep losing money as there's no path to profitability. It's a bad signal that they want to get rid of their founders.
Two years ago you could have owned both. Today, this game has completely changed. It boils down to management.
Lyft has consistently made up 30% of the U.S. ride-sharing market. Its Q2, released on August 4, boasted an earnings beat with adjusted EPS at $0.13 (on revenue of $991 million) vs. the street's -$0.04 (on revenues of $989 million). Lyft noted that ridership grew 16% over the past year to 19.9 million, the highest level since the pandemic began. Hand-in-hand with that was the number of active drivers also hit a post-Covid high. The company projects Q3 revenues at $1.04-1.06 billion (all figures here in USD).
It's handling this choppy reopening (i.e. driver shortage) better than Uber. On Friday, a California court just struck down the appeal which states that drivers are freelancers (they are employees, says the judge), so the cost of rides in CA will soar. Despite that, Lyft rebounded today 3% though down more than 15% so far this year. He thinks the stock has bottomed.
Lyft(LYFT-Q) Rating
Ranking : 3 out of 5
Bullish - Buy Signals / Votes : 0
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 4
Total Signals / Votes : 4
Lyft(LYFT-Q) Frequently Asked Questions
What is Lyft stock symbol?
Lyft is a American stock, trading under the symbol LYFT-Q on the NASDAQ (LYFT). It is usually referred to as NASDAQ:LYFT or LYFT-Q
Is Lyft a buy or a sell?
In the last year, 4 stock analysts published opinions about LYFT-Q. 0 analysts recommended to BUY the stock. 4 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Lyft.
Is Lyft a good investment or a top pick?
Lyft was recommended as a Top Pick by on . Read the latest stock experts ratings for Lyft.
Why is Lyft stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Lyft worth watching?
4 stock analysts on Stockchase covered Lyft In the last year. It is a trending stock that is worth watching.
What is Lyft stock price?
On 2024-04-22, Lyft (LYFT-Q) stock closed at a price of $16.74.
Lyft was founded in 2012 by logan green and john zimmer to improve people’s lives with the world’s best transportation, and is available to approximately 95 percent of the united states population as well as select cities in canada. lyft is committed to effecting positive change for our cities by offsetting carbon emissions from all rides, and by promoting transportation equity through shared rides, bikeshare systems, electric scooters, and public transit partnerships. Social media mentions are up 250% in the past 24h.