Lyft(LYFT)

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Lyft Analyst Says 'Buy Into The Story' Despite Tesla, Waymo Competition
Benzinga· 2025-01-06 16:06
Late last month, Lyft Inc LYFT filed a lawsuit against San Francisco for overcharging its ride-hailing services by $100 million in taxes.The stock climbed to $18 after the company reported solid third-quarter results and more evidence to "buy into the story" is likely to come from its fourth-quarter performance, according to Benchmark.Analyst Daniel Kurnos upgraded the rating for Lyft from Hold to Buy, while establishing a new price target of $20.The Lyft Thesis: There are indications of the company perform ...
Could This Forgotten Growth Stock Be Your Next 10X?
The Motley Fool· 2025-01-06 15:50
Even in an overvalued market, you can find some bargains.In this video, I will cover the recent updates regarding Lyft (LYFT 2.42%). Watch the short video to learn more, consider subscribing, and click the special offer link below.*Stock prices used were from the trading day of Jan. 3, 2025. The video was published on Jan. 3, 2025. ...
Lyft says San Francisco overcharged it $100 million in taxes
TechCrunch· 2024-12-27 18:31
In Brief Lyft is suing the city of San Francisco, claiming the city unfairly charged the ride-hailing company over $100 million in taxes, Bloomberg reports. The lawsuit alleges that, over the course of five years, San Francisco unfairly labeled money earned by Lyft drivers as company revenue. In the complaint, Lyft maintains that its drivers are its customers, not employees. “Accordingly, Lyft recognizes revenue from rideshare as being comprised of fees paid to Lyft by drivers, not charges paid by riders to ...
Why Lyft Stock Could Go Into Overdrive in 2025
The Motley Fool· 2024-12-26 14:30
Jack Welch, the longtime CEO of General Electric in the late 20th century, preferred to target the No. 1 and No. 2 companies in an industry when seeking to buy businesses. He felt that approach was necessary to maximize profitability and market share.Now, this approach might have begun to play out for the No. 2 in the rideshare industry, Lyft (LYFT 1.46%). Both Lyft and the industry leader, Uber, saw their stocks crater after launching initial public offerings (IPOs). While Uber made an eventual comeback, L ...
Lyft has sued San Francisco, accusing it of overcharging $100 million in taxes
Business Insider· 2024-12-25 12:41
Lyft sued San Francisco, saying it was unfairly charged $100 million in taxes from 2019 to 2023.Lyft argues the city's tax formula unfairly includes passenger payments as revenue.The lawsuit highlights global gig economy debates over worker classification.Lyft has accused the city of San Francisco in a lawsuit of overcharging it $100 million in taxes over five years, arguing that the city used a calculation that doesn't reflect the ride-hailing firm's business model. Advertisement The lawsuit, filed at the ...
The Best 10x Opportunity in Ride-Sharing
The Motley Fool· 2024-12-25 11:00
Lyft's business could be transformed by autonomous driving.Lyft (LYFT 1.46%) is the #2 ride-sharing company in the U.S., but it has a chance to emerge as an industry leader in autonomous driving. Travis Hoium explains why the company's business model could be built for autonomy in this video.*Stock prices used were end-of-day prices of Dec. 23, 2024. The video was published on Dec. 25, 2024. ...
LYFT or SHOP: Which Is the Better Value Stock Right Now?
ZACKS· 2024-12-23 17:46
Investors with an interest in Internet - Services stocks have likely encountered both Lyft (LYFT) and Shopify (SHOP) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look.Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The proven Zacks Rank puts an emphasis on earnings estimates and estima ...
Warming Up For Another Run - Upgrading Lyft To A Buy
Seeking Alpha· 2024-12-22 13:38
I downgraded Lyft (NASDAQ: LYFT ) to a sell , which left some of you concerned and wary, but I told you this wasn’t a “let go of Lyft forever” kind of sell. It was a jumpI’m a retired Wall Street PM specializing in TMT; my educational background is a bachelor's in Finance and Economics, and an MBA from Columbia, after which I directly began my career on Wall Street. Since kickstarting my career, I’ve spent over two decades in the market navigating the technology landscape, focusing on risk mitigation throug ...
Lyft: Why ~$1.5 Billion Of FCF By 2027 Could Be Possible
Seeking Alpha· 2024-12-17 15:06
Experience as an investment analyst for a major BB-Bank, as well as private equity consultant for MBB. Currently working towards the CFA charter, having completed I&II. Passion for risk-assets (Growth, Contrarian, Emerging Market) ex-colleague and close friend of Investor ExpressAnalyst’s Disclosure: I/we have a beneficial long position in the shares of LYFT either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compen ...
Lyft, Inc. (LYFT) Barclays 22nd Annual Global Technology Conference (Transcript)
2024-12-12 01:01
Lyft, Inc. (NASDAQ:LYFT) Barclays 22nd Annual Global Technology Conference December 11, 2024 2:35 PM ET Company Participants Erin Brewer - Chief Financial Officer Conference Call Participants Ross Sandler - Barclays Ross Sandler We are going to get started as people roll in here. Welcome everybody. My name is Ross Sandler. For those of you that I have not yet met, I had the U.S. Internet Research Team. We're super happy to have Erin Brewer from Lyft back again for another great year. And I think very timely ...