SunTrust analyst Youssef Squali noted that Lyft (LYFT) said at the WSJ Tech Live conference that it forecasts being adjusted EBITDA profitable by Q4 of 2021, which is ahead of analysts' existing expectations. By putting "an explicit stake in the ground" on profitability, Lyft "has ushered in a new favorable competitive environment in ride sharing across the U.S.," contends Squali. He thinks working toward this goal should translate into less pricing discounts and driver incentives, which he sees being positive to both Lyft and Uber (UBER). Squali has a Buy rating and $75 price target on Lyft shares.

Jefferies raised the firm's price target on Uber to $103 from $100 and keeps a Buy rating on the shares. Results should display continued focus on using non-core investments to drive elevated GBV growth, though avoiding a material drop in incremental margins is key to keep investors positive, the analyst tells investors in a preview note for the U.S. Internet group.