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UBER

Uber

$41.55

(0.00%)

, LYFT

Lyft

$51.04

-4.14 (-7.50%)

07:22
05/13/19
05/13
07:22
05/13/19
07:22

Uber, Lyft cause major traffic uptick in San Francisco, the Verge reports

Traffic congestion in San Francisco rose roughly 60% between 2010 and 2016 with Uber (UBER) and Lyft (LYFT) responsible for over half of the increase, the Verge's Andrew Hawkins reports, citing a study in the journal Science Advances. The study found that the difference in travel times in congested conditions versus travel times in a free-flowing scenario increased by 62% and in a simulated model that removes Uber and Lyft, weekday vehicle hours of delay increased by only 22%. "There has been this narrative about how have the potential to support transit, bringing people to and from transit stations, they have a potential to enable carpooling, and they have some potential to reduce people's auto ownership," Gregory Erhardt, expert in transportation models and travel forecasting. "And those things are true to a degree. But the question is whether they're true enough to offset the ways in which TNCs increased congestion. And we find that when you look at the data, that's not the case." Reference Link

UBER

Uber

$41.55

(0.00%)

LYFT

Lyft

$51.04

-4.14 (-7.50%)

UBER Uber
$41.55

(0.00%)

05/03/19
ATLE
05/03/19
INITIATION
Target $55
ATLE
Neutral
Atlantic starts Uber with Neutral rating despite preferring over Lyft
Atlantic Equities analyst James Cordwell initiated coverage of Uber (UBER) with a Neutral rating and $55 price target ahead of the company's initial public offering. The analyst this morning also initiated coverage of Lyft (LYFT) with an Underweight rating and $50 price target. Transportation-as-a-service addresses a large market opportunity, says the analyst, whose analysis shows that scale enables superior returns and a clearer path to profitability. Given the benefits of scale, Cordwell prefers Uber to Lyft, due to the company's "market-leading ridehailing position augmented by the fast-growing Eats business and freight brokerage opportunity." The analyst's year-end 2019 price target of $55 for Uber implies 0.9 times fiscal 2020 gross bookings, which he notes is similar to the historical average multiple of Amazon's (AMZN) e-commerce business.
05/03/19
05/03/19
INITIATION

Fly Intel: Top analyst initiations
Catch up on today's top analyst initiations with this list compiled by The Fly: 1. Lyft (LYFT) initiated with an Underweight at Atlantic Equities. 2. Contura Energy (CTRA) initiated with a Buy at Seaport Global. 3. Uber (UBER) initiated with a Neutral at Atlantic Equities. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/08/19
PIPR
05/08/19
NO CHANGE
Target $78
PIPR
Overweight
Lyft reported strong quarter out of the gates, says Piper Jaffray
Lyft reported revenue and adjusted EBITDA ahead of consensus, while also guiding both Q2 and fiscal 2019 above the Street, Piper Jaffray analyst Michael Olson tells investors in a research note partially titled "Strong Out of the Gates." The company indicated that, while it continues to spend aggressively on various initiatives, the competitive pressure on rider incentives for core ridesharing has receded to some degree, adds Olson. He sees this as a sign of a rational duopoly between Lyft and Uber (UBER) for the time being. The analyst recommends owning Lyft shares as these levels and maintains an Overweight rating on the name with a $78 price target.
05/10/19
WEDB
05/10/19
NO CHANGE
Target $65
WEDB
Outperform
Uber's conservative pricing 'smart and prudent,' says Wedbush
Wedbush analyst Ygal Arounian maintained an Outperform rating on Uber (UBER) with a $65 price target after the ride-hailing company's IPO priced at $45 per share, valuating the company north of $80B. In a research note to investors, Arounian says he views Uber's conservative pricing as a "smart and prudent" strategy coming out of the box as it clearly learned from its "little brother" Lyft (LYFT), and the experience it has gone through over the past month. Arounian says he views Lyft as a "one trick pony" domestic ride sharing player and believes Uber has clearly established itself as the clear #1 player in the ridesharing industry and is paving a similar road to what Amazon (AMZN) did to transform retail and ecommerce and Facebook (FB) did for social media.
LYFT Lyft
$51.04

-4.14 (-7.50%)

05/08/19
JPMS
05/08/19
NO CHANGE
Target $86
JPMS
Overweight
Lyft price target raised to $86 from $82 at JPMorgan
JPMorgan analyst Doug Anmuth raised his price target for Lyft to $86 from $82 citing the company's "strong" Q1 and outlook. Lyft posted its second straight quarter of mid-90's% revenue growth, led by active riders, Anmuth tells investors in a research note. The company benefited from continued secular growth, clear market share gains, and increased publicity around the late Q1 initial public offering, says the analyst.
05/08/19
ADAM
05/08/19
NO CHANGE
Target $75
ADAM
Buy
Lyft delivered 'textbook' first public quarter, says Canaccord
Canaccord analyst Michael Graham says Lyft delivered a "textbook" first quarter as a public company, with modest upside on all key metrics, and solid guidance relative to consensus both for Q2 and 2019. Graham, who has a Buy rating and $75 price target on Lyft shares, says he continues to see Lyft offering the hallmarks of an attractive growth equity investment, including a large addressable market with an attractive duopoly structure, a strong value proposition that should get better with scale, and a business model that holds solid room for upside.
05/08/19
JEFF
05/08/19
NO CHANGE
Target $90
JEFF
Buy
Jefferies boosts Lyft target to $90, expects shares to recover
Jefferies analyst Brent Thill raised his price target for Lyft to $90 from $86 saying the company last night delivered a "clean ride out of the gate" in its first quarter as a public company. Lyft showed "strong" momentum in revenue and metrics, "significant" progress in reducing losses, and headed off a long-term concern with a partnership with Waymo, Thill tells investors in a research note. He views the valuation as attractive and expects the shares recover as Lyft executes and misconceptions clear. The analyst keeps a Buy rating on the shares.

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SMSEY

Samsonite International

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URBN

Urban Outfitters

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1.53 (6.84%)

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SERV

ServiceMaster

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0.37 (0.64%)

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GKOS

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AMAT

Applied Materials

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0.21 (0.45%)

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AMD

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0.2 (0.63%)

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AMD

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CHKP

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CSCO

Cisco

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EQIX

Equinix

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2.15 (0.39%)

FLEX

Flex

$10.26

0.26 (2.60%)

INTC

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$46.76

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NVDA

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OTEX

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PYPL

PayPal

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RNG

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2.33 (1.66%)

SQ

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STX

Seagate

$47.58

0.36 (0.76%)

TWLO

Twilio

$130.48

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Visa

$180.15

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CMS

CMS Energy

$62.13

0.04 (0.06%)

04:55
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LLY

Eli Lilly

$111.63

0.2 (0.18%)

21:03
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FL

Foot Locker

$42.00

2.24 (5.63%)

, HIBB

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KMPR

Kemper

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TLND

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0.12 (0.31%)

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BA

Boeing

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14.44 (4.25%)

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DB

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SPX

S&P 500

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GOOG

Alphabet

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FB

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TWTR

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