LYFT Shares Tumble on Disappointing Revenue Outlook

LYFT Shares Tumble on Disappointing Revenue Outlook

Lyft shares are tanking after reporting earnings of $1.2 billion, with active riders up 8.7% and revenue per active rider up 11.5%. Wall Street has a consensus price target of $20.33, implying 25.3% upside potential.

LYFT Inc Stock Analysis:

According on 41 analysts’ predictions for LYFT stock, the average analyst target price for LYFT Inc over the next 12 months is USD 21.15. The typical analyst rating for LYFT Inc. is Buy. LYFT Inc’s stock analysis by Stock Target Advisor is Slightly Bearish and is based on 3 positive and 6 negative indications. The stock price of LYFT Inc. was USD 16.22 at the most recent closing. The stock price of LYFT Inc. has fluctuated by -1.33% over the previous week, +3.52% over the previous month, and -61.47% over the previous year.

About Lyft Inc

Lyft (NSD: LYFT) is a leading transportation company that provides innovative and convenient solutions for riders and drivers alike. With operations in the United States and Canada, the company operates a marketplace that connects drivers with riders for on-demand ridesharing. This dynamic platform offers riders access to a variety of mobility options, including traditional ridesharing, bike and scooter rentals, and more.

In addition to its Ridesharing Marketplace, Lyft offers Express Drive, a flexible car rental program for drivers, and Lyft Rentals, which provides vehicles for long-distance trips. The company is also committed to integrating third-party public transit data into its app, allowing riders to choose from a variety of transportation options.

Lyft is at the forefront of innovation in transportation, offering access to autonomous vehicles, centralized tools and enterprise transportation solutions, as well as concierge transportation solutions for organizations. The company also provides Lyft Pink subscription plans, Lyft Pass commuter programs, first-mile and last-mile services, and university safe rides programs.

Founded in 2007 and headquartered in San Francisco, California, Lyft is dedicated to revolutionizing the way people move. With its commitment to convenience, safety, and sustainability, Lyft is poised to continue leading the way in the transportation industry.

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