Lyft's first-quarter bookings forecast pressured by fierce competition with Uber
Lyft forecast current-quarter gross bookings below estimates on Tuesday, as its jostles for more riders with larger rival Uber Technologies , while wildfires and extreme weather events disrupted its business in some key markets.
Lyft Slides After Cold Weather Hurts First-Quarter Bookings
Lyft Inc. fell in late trading after giving a disappointing outlook for first-quarter gross bookings, warning that cold weather has hurt demand for ride hails and bike rentals.
Lyft Issues Downbeat Bookings Outlook as Fourth-Quarter Revenue Misses Views
Lyft (LYFT) shares dropped early Wednesday as the ride-hailing company issued a downbeat first-quarter gross bookings outlook amid lower price trends in the US, while its revenue in the preceding three-month period missed market estimates.
Lyft shares sink as tough competition takes a toll on bookings forecast
Lyft shares slumped 12.5% in premarket trading on Wednesday after the company forecast weak gross bookings for the first quarter, as it battles with larger rival Uber Technologies to attract more riders.
Lyft Posts Muted First-Quarter Bookings and Profit Outlook
Lyft Inc. issued a disappointing first-quarter gross bookings outlook, following a similarly muted forecast from rival Uber Technologies Inc. citing impact from the extreme winter weather and LA wildfires.
Lyft shares continue slide after Q4 earnings: here’s why the stock is down 14%
Lyft shares tumbled close to 14% in premarket trading on Wednesday after the company issued weaker-than-expected guidance for ...
Why Uber and Lyft will no longer be part of this popular NJ Transit program
Rider's Choice, a program that allowed Uber and Lyft to provide some NJ Transit Access Link riders, will be transitioning to ...
Lyft Rides A Bullish Wave Ahead Of Q4 Earnings, But Will Robotaxis Be A Game-Changer?
Lyft Inc. (NASDAQ:LYFT) is expected to report Q4 2024 earnings today, with analysts predicting 22 cents per share and $1.56 ...
Lyft says rides have gotten cheaper. Here’s why investors are selling.
Ride-hailing platform Lyft Inc. on Tuesday rolled out a new buyback program, but its forecast for a key demand metric came in ...
Lyft to launch Mobileye-powered robotaxis ‘as soon as 2026,’ starting with Dallas
Ride-hail giant Lyft plans to bring fully autonomous robotaxis, powered by Mobileye, to its app “as soon as 2026” in Dallas, ...
Lyft Q4 Earnings Preview: Streak Of Revenue, EPS Beats On The Line After Rival Uber's Strong Fourth Quarter
Lyft reports fourth-quarter financial results after market close Tuesday. The report comes after Uber's recent results.
Lyft price target lowered to $21 from $24 at RBC Capital
RBC Capital analyst Brad Erickson lowered the firm’s price target on Lyft (LYFT) to $21 from $24 and keeps an Outperform rating on the shares.
Lyft eyes robotaxi launch in 2026
Lyft says it will launch a fleet of robotaxis, using self-driving technology from Intel’s Mobileye, in Dallas in “as soon as ...
Uber stock price target raised to $100 by Oppenheimer
Oppenheimer analysts raised the price target for Uber Inc. (NYSE: UBER) shares to $100 from the previous $85, while maintaining an Outperform rating. The increase reflects a growing optimism in the ...
Lyft price target lowered to $19 from $20 at Barclays
Barclays analyst Ross Sandler lowered the firm’s price target on Lyft (LYFT) to $19 from $20 and keeps an Equal Weight rating on the shares ...