Professional
Added to YB: 2024-11-28
Pitch date: 2024-11-12
LYFT [bullish]
Lyft, Inc.
+9.99%
current return
Author Info
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Company Info
Lyft, Inc. operates a peer-to-peer marketplace for on-demand ridesharing in the United States and Canada.
Market Cap
$9.2B
Pitch Price
$18.52
Price Target
23.00 (+13%)
Dividend
N/A
EV/EBITDA
48.34
P/E
63.78
EV/Sales
1.37
Sector
Ground Transportation
Category
growth
Show full summary:
Lyft, Inc.: Raising price target
LYFT BUY: Q3 EPS $0.29 beat est. Active Riders +9%, Rides +16%, Gross Bookings +16%. 2024 EPS est raised to $0.81. PT $23 (+23% upside). New CEO improving efficiency. Expect 15% annual bookings growth, 4% EBITDA margin by 2027. Risks: competition, regulation, profitability. Trades at discount to peers.
Read full article (6 min)