- Investing.com
Analyst Perspectives | Lyft's stock garners mixed opinions, with price targets ranging from $13 to $24, reflecting varied views on the company's ability to overcome challenges |
Innovation Drive | Delve into Lyft's strategic initiatives, including the "Price Lock" feature and a push to increase ad revenue from $50M in 2024 to $400M by 2027 |
Market Dynamics | Explore Lyft's position as the second-largest U.S. ride-sharing company, facing growth challenges despite record active riders and improved driver supply |
Financial Trajectory | Lyft's ambitious 2027 targets include $25B in gross bookings and $1B in EBITDA, with analysts projecting a 15% CAGR in gross bookings from 2024 to 2027 |
Lyft, Inc. operates a peer-to-peer marketplace for on-demand ridesharing in the United States and Canada. It operates multimodal transportation networks that offer access to various transportation options through the Lyft platform and mobile-based applications. The company’s platform provides a ridesharing marketplace, which connects drivers with riders; Express Drive, a car rental program for drivers; and a network of shared bikes and scooters in various cities to address the needs of riders for short trips. It also offers centralized tools and enterprise transportation solutions, such as concierge transportation solutions for organizations; Lyft Pink subscription plans; Lyft Pass commuter programs; first-mile and last-mile services; and university safe rides programs. The company was formerly known as Zimride, Inc. and changed its name to Lyft, Inc. in April 2013. Lyft, Inc. was incorporated in 2007 and is headquartered in San Francisco, California.
Metrics to compare | LYFT | Sector Sector - Average of metrics from a broad group of related Technology sector companies | Relationship RelationshipLYFTPeersSector | |
---|---|---|---|---|
P/E Ratio | −85.9x | −17.4x | 12.0x | |
PEG Ratio | −0.90 | 0.08 | 0.03 | |
Price / Book | 9.7x | 3.4x | 1.4x | |
Price / LTM Sales | 1.1x | 5.1x | 1.2x | |
Upside (Analyst Target) | 10.3% | 15.1% | 21.2% | |
Fair Value Upside | Unlock | −18.5% | 7.3% | Unlock |