Breaking News Instant updates and real-time market news.

LYFT

Lyft

$48.15

-2.89 (-5.66%)

, UBER

Uber

$37.15

-4.4 (-10.59%)

08:34
05/14/19
05/14
08:34
05/14/19
08:34

Lyft price target lowered to $35 from $42 at Seaport Global

Seaport Global analyst Michael Ward noted that Lyft's (LYFT) revenue nearly doubled in the first quarter but its EBITDA losses were comparable to the year-earlier period, offering this as evidence that the company lacks a clear path to profitability. The analyst, who lowered his price target on Lyft shares to $35 from $42, also cites concerns that demands from drivers and regulatory demands from larger cities could pressure costs further. Ward, who contends that "the bloom is off the rose with the ridesharing services industry" following the IPO of Uber (UBER), keeps a Sell rating on Lyft shares.

LYFT

Lyft

$48.15

-2.89 (-5.66%)

UBER

Uber

$37.15

-4.4 (-10.59%)

LYFT Lyft
$48.15

-2.89 (-5.66%)

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.
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.
UBER Uber
$37.15

-4.4 (-10.59%)

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.

TODAY'S FREE FLY STORIES

SPLK

Splunk

$128.68

-7.12 (-5.24%)

05:10
05/24/19
05/24
05:10
05/24/19
05:10
Recommendations
Splunk analyst commentary  »

Splunk exceeded most…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 13

    Jun

  • 09

    Jul

AMZN

Amazon.com

$1,815.30

-42.44 (-2.28%)

05:06
05/24/19
05/24
05:06
05/24/19
05:06
Recommendations
Amazon.com analyst commentary  »

Amazon shares will rally…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 03

    Jun

  • 25

    Jun

AAXN

Axon

$67.06

-1.29 (-1.89%)

04:58
05/24/19
05/24
04:58
05/24/19
04:58
Downgrade
Axon rating change  »

Axon downgraded to…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 31

    May

  • 20

    Jun

KTB

Kontoor Brands

$38.51

0.82 (2.18%)

, ORN

Orion Group

$1.87

-0.12 (-6.03%)

04:55
05/24/19
05/24
04:55
05/24/19
04:55
Hot Stocks
Kontoor Brands to replace Orion Group in S&P 600 at open on 5/24 »

V.F. Corp. (VFC) is…

KTB

Kontoor Brands

$38.51

0.82 (2.18%)

ORN

Orion Group

$1.87

-0.12 (-6.03%)

VFC

VF Corp.

$84.06

-6.32 (-6.99%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 13

    Nov

04:55
05/24/19
05/24
04:55
05/24/19
04:55
General news
Breaking General news story  »

Week of 5/24 Baker-Hughes…

QGEN

Qiagen

$38.48

-0.235 (-0.61%)

04:55
05/24/19
05/24
04:55
05/24/19
04:55
Conference/Events
Qiagen participates in a conference call with JPMorgan »

Life Science &…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 24

    May

  • 31

    May

  • 20

    Jun

  • 06

    Aug

AEL

American Equity

$28.63

-1.25 (-4.18%)

04:55
05/24/19
05/24
04:55
05/24/19
04:55
Conference/Events
American Equity participates in a conference call with JPMorgan »

Life Insurance Analyst…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 24

    May

  • 06

    Jun

TWI

Titan International

$4.47

-0.125 (-2.72%)

04:55
05/24/19
05/24
04:55
05/24/19
04:55
Conference/Events
Titan International management to meet with SIdoti »

Meetings to be held in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 24

    May

  • 12

    Jun

04:55
05/24/19
05/24
04:55
05/24/19
04:55
General news
Durable Goods Orders Ex-transportation to be reported at 08:30 »

April Durable Goods…

04:55
05/24/19
05/24
04:55
05/24/19
04:55
Conference/Events
Deutsche Bank to hold a conference »

10th Annual Asia…

ARWR

Arrowhead

$22.08

0.28 (1.28%)

, NAVG

Navigators

$69.97

(0.00%)

04:55
05/24/19
05/24
04:55
05/24/19
04:55
Hot Stocks
Arrowhead to replace Navigators in S&P 600 at open on 5/24 »

The Hartford Financial…

ARWR

Arrowhead

$22.08

0.28 (1.28%)

NAVG

Navigators

$69.97

(0.00%)

HIG

Hartford Financial

$53.31

-0.915 (-1.69%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 11

    Jun

ANTM

Anthem

$277.80

-5.16 (-1.82%)

04:55
05/24/19
05/24
04:55
05/24/19
04:55
Conference/Events
Anthem participates in a conference call with JPMorgan »

Managed Care/Facilities…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 24

    May

  • 29

    May

ABB

ABB

$18.70

-0.26 (-1.37%)

, ALV

Autoliv

$64.53

-0.225 (-0.35%)

04:55
05/24/19
05/24
04:55
05/24/19
04:55
Conference/Events
Jefferies to hold a tour »

5th Annual European…

ABB

ABB

$18.70

-0.26 (-1.37%)

ALV

Autoliv

$64.53

-0.225 (-0.35%)

ASAZY

Assa Abloy

$0.00

(0.00%)

ATLKY

Atlas Copco

$0.00

(0.00%)

EPOKY

Epiroc

$0.00

(0.00%)

SDVKY

Sandvik AB

$0.00

(0.00%)

VLVLY

Volvo AB

$0.00

(0.00%)

VNE

Veoneer

$17.45

-0.5 (-2.79%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 13

    Nov

  • 23

    May

HPR

HighPoint Resources

$2.03

-0.16 (-7.31%)

04:55
05/24/19
05/24
04:55
05/24/19
04:55
Conference/Events
HighPoint Resources management to meet with Seaport Global »

Meetings to be held in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 24

    May

04:55
05/24/19
05/24
04:55
05/24/19
04:55
General news
Durable Goods Orders to be reported at 08:30 »

April Durable Goods…

NGD

New Gold

$0.64

-0.0022 (-0.34%)

04:55
05/24/19
05/24
04:55
05/24/19
04:55
Conference/Events
New Gold management to meet with TD Securities »

Meeting to be held in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 24

    May

BLCM

Bellicum Pharmaceuticals

$2.31

-0.18 (-7.23%)

04:55
05/24/19
05/24
04:55
05/24/19
04:55
Conference/Events
Bellicum Pharmaceuticals management to meet with Ladenburg »

Meetings to be held in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 24

    May

  • 13

    Jun

INFY

Infosys

$10.16

-0.06 (-0.59%)

04:55
05/24/19
05/24
04:55
05/24/19
04:55
Conference/Events
Infosys management to meet with Oppenheimer »

Meeting to be held in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 24

    May

SSNLF

Samsung

$0.00

(0.00%)

04:55
05/24/19
05/24
04:55
05/24/19
04:55
Conference/Events
CLSA to hold a forum »

15th Annual CLSA Japan…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

MTD

Mettler-Toledo

$718.92

-5.53 (-0.76%)

04:55
05/24/19
05/24
04:55
05/24/19
04:55
Conference/Events
Mettler-Toledo participates in a conference call with JPMorgan »

Science & Diagnostic…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 24

    May

BPOP

Popular

$53.17

-1.38 (-2.53%)

, FBP

First BanCorp

$10.00

-0.29 (-2.82%)

04:55
05/24/19
05/24
04:55
05/24/19
04:55
Conference/Events
Sandler O'Neill to hold a field trip »

Puerto Rico Bank Trip…

BPOP

Popular

$53.17

-1.38 (-2.53%)

FBP

First BanCorp

$10.00

-0.29 (-2.82%)

OFG

OFG Bancorp

$18.81

-0.64 (-3.29%)

EVTC

Evertec

$28.15

-0.24 (-0.85%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 11

    Jun

AIBRF

AIB Group

$0.00

(0.00%)

04:53
05/24/19
05/24
04:53
05/24/19
04:53
Upgrade
AIB Group rating change  »

AIB Group upgraded to Buy…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

KTOS

Kratos Defense

$20.84

0.42 (2.06%)

04:51
05/24/19
05/24
04:51
05/24/19
04:51
Upgrade
Kratos Defense rating change  »

Kratos Defense upgraded…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

DOW

Dow Inc.

$48.69

-1.54 (-3.07%)

04:50
05/24/19
05/24
04:50
05/24/19
04:50
Upgrade
Dow Inc. rating change  »

Dow Inc. upgraded to…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 29

    May

ILKAY

Iluka Resources

$0.00

(0.00%)

04:48
05/24/19
05/24
04:48
05/24/19
04:48
Upgrade
Iluka Resources rating change  »

Iluka Resources upgraded…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.