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LYFT

Lyft

$67.78

1.74 (2.63%)

12:43
07/19/19
07/19
12:43
07/19/19
12:43

Lyft announces new airport pickup feature starting July 20 at LGA

In a blog post, Lyft announced that its new airport pickup feature is coming to LaGuardia Airport. Starting July 20, when users request a standard Lyft ride from LGA, people can expect less confusion for them and their Lyft driver. Instead of searching for the driver at often-hectic pickup areas, Lyft will direct users to a clearly-marked Lyft pickup spot, located in the Terminal B Garage, Area G. The user will join a designated line with other Lyft riders and show a unique four-digit code to the next available driver.

  • 07

    Aug

  • 08

    Aug

LYFT Lyft
$67.78

1.74 (2.63%)

07/01/19
07/01/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. IAA (IAA) initiated with a Buy at SunTrust. 2. Cardlytics (CDLX) initiated with an Outperform at William Blair. 3. Americold Realty Trust (COLD) initiated with a Buy at Citi. 4. Lyft (LYFT) initiated with a Neutral at Monness Crespi. 5. Fortress Biotech (FBIO) initiated with a Buy at Roth Capital. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
07/02/19
STFL
07/02/19
NO CHANGE
Target $76
STFL
Buy
Lyft price target raised to $76 from $70 at Stifel
Stifel analyst Scott Devitt raised his price target for Lyft (LYFT) to $76 from $70 and keeps a Buy rating on the shares. The analyst this morning also initiated coverage of Uber Technologies (UBER) with a Hold rating and $50 price target. The trend toward competitive rationalization and reduced rider incentives continued through the end of Q2, Devitt tells investors in a research note. Further, a number of recent partnerships, including with Waymo, demonstrate that Lyft is "leading innovation and strategic alignment in the space," adds the analyst. He believes Lyft is well positioned to extend its rider growth momentum through the balance of 2019 and increased his net add expectations.
07/02/19
STFL
07/02/19
INITIATION
Target $50
STFL
Hold
Stifel starts Uber at Hold on 'numerous' competitors, 'long road' to profits
Stifel analyst Scott Devitt initiated coverage of Uber Technologies with a Hold rating and $50 price target. The stock closed Monday down $2.11 to $44.27. The company is addressing "significant" transportation and food delivery market opportunities, Devitt tells investors in a research note. However, Uber's recent growth in core ridesharing bookings has slowed to a mid-20% rate as Lyft (LYFT) has gained share in the key U.S. market, Devitt tells investors in a research note. Further, take rates have contracted across both the ridesharing and Eats businesses, adds the analyst. He likes Uber's growth opportunity, scale and market-leadership in most regions, but feels that "numerous competitors at home and abroad," slower adjusted net revenue growth, and a "significantly long road to profitability" warrants a Hold rating. Devitt this morning also boosted his price target for Buy-rated Lyft to $76 from $70.
07/10/19
JEFF
07/10/19
NO CHANGE
Target $90
JEFF
Buy
Jefferies sees Lyft recovering with shares 14% below IPO price
Lyft (LYFT) is trading 14% below its initial public offering price of $72 per share, Jefferies analyst Brent Thill tells investors in a research note. The analyst expects the stock to recover as the company "executes and misconceptions clear." For the stock to work, Lyft must overcome concerns that its growth will be capped as a number two player behind Uber (UBER) and disprove bears who claim the company will never make money, contends Thill. He believes that doing so will expand the stock's valuation multiple. The analyst continues to like Lyft for its "highly focused approach to solving the problems of personal transportation." Thill keeps a Buy rating on the shares with a $90 price target. The stock closed Tuesday up $2.04 to $61.83.

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$NSD

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$0.00

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VRAY

ViewRay

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$NYE

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WWE

WWE

$70.18

0.53 (0.76%)

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  • 05

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MTRN

Materion

$60.32

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  • 21

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RMNI

Rimini Street

$4.87

0.02 (0.41%)

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Oracle

$54.18

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TEAM

Atlassian

$141.00

-1.62 (-1.14%)

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NVTR

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