Professional
Added to YB: 2024-11-28
Pitch date: 2024-11-12
LYFT [bullish]
Lyft, Inc.
-24.95%
current return
Author Info
No bio for this author
Company Info
Lyft, Inc. operates multimodal transportation networks that offer access to various transportation options through platform and mobile based applications in the United States and internationally.
Market Cap
$5.3B
Pitch Price
$18.52
Price Target
23.00 (+65%)
Dividend
N/A
EV/EBITDA
394.77
P/E
1.92
EV/Sales
0.76
Sector
Ground Transportation
Category
growth
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.
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