Added to YB: 2024-06-26
Pitch date: 2024-06-20
LYFT [bullish]
Lyft, Inc.
-18.27%
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
$5.5B
Pitch Price
$13.79
Price Target
20.00 (+77%)
Dividend
N/A
Sector
Ground Transportation
Category
growth
Lyft, Inc.: Recent weakness a buying opportunity
LYFT: Buy, $20 PT. Q1 beat: EPS $0.15, rev +28% to $1.28B. Active Riders +12%, Rides +23%, Bookings +21%. New CEO driving efficiency. 2024 EPS est $0.60, 2025 $0.87. Long-term targets: 15% annual bookings growth, 4% adj EBITDA margin by 2027. Risks: regulation, competition. Trades at 23x 2024E EPS, discount to peers.
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