Professional
Added to YB: 2024-06-26
Pitch date: 2024-06-20
LYFT [bullish]
Lyft, Inc.
+1.81%
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
$13.79
Price Target
20.00 (+42%)
Dividend
N/A
EV/EBITDA
393.12
P/E
1.91
EV/Sales
0.75
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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