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Lyft, Inc. operates a peer-to-peer marketplace for on-demand ridesharing in the United States and Canada.
The company operates multimodal transportation networks that offer riders personalized and on-demand access to various mobility options. It provides Ridesharing Marketplace, which connects drivers with riders; Express Drive, a flexible car rentals program for drivers; Lyft Rentals that provides vehicles for long-distance trips; and a network of shared bikes and scooters in various cities to address the needs of riders for short trips. The company also integrates third-party public transit data into the Lyft app to offer riders various transportation options. In addition, it offers access to autonomous vehicles; centralized tools and enterprise transportation solutions, such as concierge transportation solutions for organizations; Lyft Pink subscription plans; Lyft Pass commuter programs; first-mile and last-mile services; and university safe rides programs. The company was formerly known as Zimride, Inc. and changed its name to Lyft, Inc. in April 2013.
Lyft, Inc. was incorporated in 2007 and is headquartered in San Francisco, California.
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Lyft (NASDAQ:LYFT) currently trades around $13.46, while Wall Street analysts' have a consensus price target of about $19.42.
Waymo launches in Nashville. CNBC's MacKenzie Sigalos explains what it means for Uber and Lyft.
Lyft (LYFT) reached $13.7 at the closing of the latest trading day, reflecting a +2.7% change compared to its last close.
As fuel costs go up, making a living as a gig driver is harder than ever.
Lyft (NASDAQ:LYFT) stock is already trading well below where it started the year, and Truist just made the bear case more official.
Lyft (LYFT) trades at a compelling 13% free cash flow yield, trading at an asymmetric valuation. Market focus on AV competition overlooks LYFT's international expansion and rapidly growing profits. LYFT's FlexDrive infrastructure and partnerships, such as the imminent Waymo launch in Nashville, position it for the robotaxi future.
As of the closing bell on March 27, the Dow Jones Industrial Average and Nasdaq Composite had entered correction territory, with respective declines of 10% and 12.6%. Historically, every double-digit decline in Wall Street's major stock indexes has proved to be a buying opportunity for long-term-minded investors.
SG Americas Securities LLC boosted its position in shares of Lyft, Inc. (NASDAQ: LYFT) by 152.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 594,022 shares of the ride-sharing company's stock after acquiring an additional 358,450 shares during the quarter.
Companies and other organizations are increasingly preparing for an environment in which the conflict — and subsequent jolt to crude prices — evolves from an unexpected shock into a long-term challenge. As corporate policies change, Americans will feel it on their pocket books beyond just as the gas pump.
Shares of Lyft, Inc. (NASDAQ: LYFT - Get Free Report) have been given a consensus recommendation of "Hold" by the thirty-three brokerages that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, twenty-two have given a hold rating and nine have issued a buy rating on the company.
Ride-hailing company Lyft said on Wednesday it will roll out a temporary driver-relief program in the United States, as higher gasoline prices squeeze earnings for gig workers.
Although the bulls have held the reins on Wall Street for years, it doesn't mean every growth stock has come along for the ride. One historically cheap company staring down an addressable market expected to 10X by 2033 makes for a no-brainer buy right now.
The latest trading day saw Lyft (LYFT) settling at $13.16, representing a -1.35% change from its previous close.
NVIDIA announced a big push into autonomous vehicles and Uber and Lyft will be partners. More suppliers for autonomy is good for demand aggregators and the market is taking notice.
