Lyft Stock News

The postelection rally is charging ahead. Both the Dow and S&P 500 closed at record highs, while bitcoin logged eye-popping gains to trade above $88,000.

Lyft (LYFT) shares jumped 23% Thursday as several analysts lifted their price targets for the ridesharing company's stock after its third-quarter results and fourth-quarter outlook came in better than expected.

Lyft, Inc.'s stock surged ~29% post Q3 2024 earnings and ~84% since my last buy call. I'm downgrading the stock to a sell and see limited upside ahead after the rally. Lyft's Price Lock initiative boosted rides and platform stickiness, but the market has priced in that positive, in my opinion. This leads me to expect moderating future outperformance. Despite Lyft's lower P/E and EV/Sales ratios...

Lyft posted strong growth in the third quarter.

Lyft stock is rallying Thursday after the ride-sharing firm reported strong Q3 earnings and raised its full-year outlook. This is what you need to know.

Rideshare concern  Lyft Inc (NASDAQ:LYFT) is seeing high options activity today, after the company reported strong third-quarter earnings and revenue and issued an upbeat current-quarter gross bookings outlook.

US equity benchmarks rose slightly on Thursday ahead of the outcome of the US Federal Reserve's policy meeting later in the day.  Benchmark averages extended gains from Wednesday and hit new record highs after Donald Trump won the 2024 US presidential elections.

Lyft's Q3 earnings exceeded expectations, with 32% y/y revenue growth to $1.52 billion and 16% y/y gross bookings growth. Shares jumped ~20% in response. Importantly, the company is also guiding to potential acceleration in bookings in Q4, stoking additional enthusiasm for the stock. Its bookings strength is also coming amid cuts to promotional spending. The company struck a new partnership wit...