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Lyft stock soared more than 25% as the company’s turnaround plan pushed ridership to an all-time high during the ... Devitt has a Neutral rating on the stock with a price target of $20 per share.
Lyft ramped up spending on sales and marketing, which led to flat growth in a generally accepted accounting principles loss per share of $0.03, which was below the consensus at $0.20 per share.
Lyft stock is still down 77% from its peak five years ago, at the time of this writing, even after shares jumped on its recent earnings report. Revenue soared 32% to $1.5 billion on a 16% increase ...
Lyft stock has downshifted ... Adjusted earnings per share: $0.16 actual versus -$0.01 expected. ... We maintain our neutral rating and our target price rises to $11 from $10 following our model ...
According to Benzinga Pro, LYFT stock has gained over 35% in the past year. ... Price Action: LYFT shares are trading higher by 2.79% to $14.19 at last check Wednesday.
Lyft (NASDAQ: LYFT) is demonstrating excellent growth in cash flow as economies of scale are starting to kick in. Stock prices used were the afternoon prices of Nov. 12, 2024. The video was ...
In terms of valuation, Lyft is trading at just 16 times its average Wall Street consensus-earnings per share (EPS) 2024 estimate of $0.74 as a forward price-to-earnings (P/E) ratio.
Lyft’s stock surged to $19.70 at its post-earnings release high, after trading around $12 per share during the day, representing a gain of 62% from its close.