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LYFT

Lyft

$57.41

1.22 (2.17%)

, UBER

Uber

$36.86

-0.15 (-0.41%)

14:43
08/13/19
08/13
14:43
08/13/19
14:43

Lyft and its 'woke' image challenged by sex assault suits, Bloomberg says

According to Bloomberg's Robert Burnson, Lyft (LYFT) is facing a challenge to the "woke" socially progressive alternative image in the in the ride-hailing space by "a rash of lawsuits filed by women who claim they were sexually assaulted by drivers summoned to take them home after evenings of partying." The Fly notes that Uber (UBER) is a competitor in the ride-hailing space. Reference Link

LYFT

Lyft

$57.41

1.22 (2.17%)

UBER

Uber

$36.86

-0.15 (-0.41%)

  • 13

    Aug

  • 10

    Sep

LYFT Lyft
$57.41

1.22 (2.17%)

08/08/19
LEHM
08/08/19
NO CHANGE
Target $63
LEHM
Equal Weight
Lyft price target raised to $63 from $55 at Barclays
Barclays analyst Ross Sandler raised his price target for Lyft to $63 from $55 following the company's better than expected Q2 results and guidance raise. The overall tone of the call was upbeat and investors are starting to slowly come around to the fact that ride-hailing growth rates are likely to be higher than previous thinking, and profitability and positive rides unit economics are shifting from "possibly never" to "within sight," Sandler tells investors in a post-earnings research note. This backdrop backdrop could offer share support during the upcoming lock-up expiration, "which could get a little choppy," adds the analyst. He keeps an Equal Weight rating on Lyft.
08/08/19
08/08/19
UPGRADE
Target $75

Outperform
Lyft upgraded to Outperform at Wedbush after quarterly results
As previously reported, Wedbush analyst Daniel Ives upgraded Lyft to Outperform from Neutral after the company exhibited in Q2 many of the indicators he had been looking for to get more positive on the story. The analyst notes that Lyft reported better than expected active riders, revenue per active rider, ridership, and profitability which was a major step in the right direction in his opinion toward gaining much needed Street credibility. Ives also raised his price target on the shares to $75 from $67.
08/08/19
RHCO
08/08/19
NO CHANGE
Target $75
RHCO
Buy
Lyft price target raised to $75 from $68 at SunTrust
SunTrust analyst Youssef Squali raised his price target on Lyft to $75 and kept his Buy rating, saying the company's Q2 results demonstrate "strong" revenue growth and a "clear path" to profitability. The analyst is positive on the "secular" growth in the industry with a "healthier" competitive environment, driving higher than expected active riders count in the quarter while boosting the company's monetization.
08/08/19
08/08/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Disney (DIS) upgraded to Outperform from Neutral at Credit Suisse with analyst Douglas Mitchelson saying he sees less risk to estimates now that the fiscal 2020 consensus earnings per share estimate dropped from over $8 per share a year ago to ~$6 per share today. 2. Lyft (LYFT) upgraded to Outperform from Neutral at Wedbush and to Neutral from Underweight at Atlantic Equities. 3. Roku (ROKU) was upgraded to Overweight from Equal Weight at Stephens and to Buy from Neutral at Rosenblatt. 4. Hertz (HTZ) upgraded to Overweight from Equal Weight at Barclays with analyst Brian Johnson saying the company's "impressive" Q2 plus favorable industry dynamics offers a "better runway for transformation." 5. Dollar General (DG) upgraded to Buy from Neutral at Goldman Sachs with analyst Christopher Prykull saying the broader market volatility that has brought shares of Dollar General down has created an opportunity for investors to step into a "favorably positioned" retailer. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
UBER Uber
$36.86

-0.15 (-0.41%)

08/09/19
GSCO
08/09/19
NO CHANGE
Target $56
GSCO
Buy
Goldman Sachs keeps Buy rating on Uber after above consensus Q2 profitability
Goldman Sachs analyst Heath Terry said Uber's Q2 gross bookings were in-line with consensus forecasts and its adjusted EBITDA beat consensus. The company also gave initial FY19 guidance that bracketed consensus for gross bookings and was better than consensus for adjusted EBITDA losses, noted Terry. He continues sees a favorable risk/reward in owning the leader in ride-hailing and keeps a Buy rating and $56 price target on Uber after its quarterly report.
08/09/19
ADAM
08/09/19
NO CHANGE
Target $55
ADAM
Buy
Uber growth fueled by continued rideshare adoption, says Canaccord
Canaccord analyst Michael Graham said Uber's Q2 results showed strong growth and a solid EBITDA growth. The analyst said he is encouraged by continued expansion of the user base, a more constructive pricing environment for the US rides business, and apparent pricing power evidenced by new fees for Eats. Graham reiterated his Buy rating and $55 price target on Uber shares.
08/09/19
COWN
08/09/19
NO CHANGE
Target $60
COWN
Outperform
Uber price target raised to $60 from $58 at Cowen
Cowen analyst John Blackledge raised his price target on Uber to $60 from $58 following strong Q2 results fueled by rising take rates at both Rides and Eats. The analyst said guidance was positive on topline and EBITDA. Blackledge reiterated his Outperform rating on Uber shares.
08/09/19
LEHM
08/09/19
NO CHANGE
Target $50
LEHM
Overweight
Uber quarter positive 'under the scorched-earth rubble,' says Barclays
For those investors looking "under the scorched-earth rubble," there are actually some positive things going on at Uber Technologies, Barclays analyst Ross Sandler tells investors in a post-earnings research note. Stripping out one-time initial public offering-related driver payments, core Rides adjusted net revenue accelerated to 20% year-over-year, says the analyst. He thinks "risk-seeking, opportunistic" investors should take advantage of any weakness into Uber's lock-up expiration. Sandler keeps a Buy rating on Uber with a $50 price target.

TODAY'S FREE FLY STORIES

08:50
08/22/19
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08:50
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08:50
General news
Treasury Action: the market is little changed after the claims data »

Treasury Action: the…

ENTG

Entegris

$43.42

1.03 (2.43%)

08:49
08/22/19
08/22
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08:49
Conference/Events
Entegris management to meet with Loop Capital »

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CVSI

CV Sciences

$0.00

(0.00%)

, VSI

Vitamin Shoppe

$6.47

0.045 (0.70%)

08:49
08/22/19
08/22
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08:49
Hot Stocks
CV Sciences announces distribution partnership with The Vitamin Shoppe »

CV Sciences (CVSI)…

CVSI

CV Sciences

$0.00

(0.00%)

VSI

Vitamin Shoppe

$6.47

0.045 (0.70%)

03/08/13
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03/08/13
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USNA

Usana

$67.47

0.43 (0.64%)

08:48
08/22/19
08/22
08:48
08/22/19
08:48
Recommendations
Usana analyst commentary  »

Jefferies starts Usana at…

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  • 12

    Nov

PLX

Protalix

$0.24

-0.0136 (-5.44%)

08:47
08/22/19
08/22
08:47
08/22/19
08:47
Hot Stocks
Protalix announces evaluation of strategic alternatives »

Protalix BioTherapeutics…

03/08/13
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JMIA

Jumia Technologies

$12.25

-2.44 (-16.61%)

08:47
08/22/19
08/22
08:47
08/22/19
08:47
Recommendations
Jumia Technologies analyst commentary  »

Jumia Technologies price…

03/08/13
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LOW

Lowe's

$108.00

9.96 (10.16%)

08:45
08/22/19
08/22
08:45
08/22/19
08:45
Recommendations
Lowe's analyst commentary  »

Lowe's price target…

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03/06/13
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  • 25

    Sep

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    Nov

NVAX

Novavax

$6.83

0.16 (2.40%)

, GES

Guess

$14.94

0.27 (1.84%)

08:45
08/22/19
08/22
08:45
08/22/19
08:45
Options
Largest borrow rate increases among liquid names »

Latest data shows the…

NVAX

Novavax

$6.83

0.16 (2.40%)

GES

Guess

$14.94

0.27 (1.84%)

BE

Bloom Energy

$5.31

-0.165 (-3.02%)

DDS

Dillard's

$56.57

-0.125 (-0.22%)

GPOR

Gulfport Energy

$3.04

0.015 (0.50%)

FTR

Frontier Communications

$0.84

-0.0213 (-2.47%)

ETN

Eaton

$78.61

0.46 (0.59%)

GSKY

GreenSky

$7.25

(0.00%)

RCL

Royal Caribbean

$107.67

0.15 (0.14%)

BHC

Bausch Health

$22.41

1.15 (5.41%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 26

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  • 28

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  • 09

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  • 23

    Sep

08:45
08/22/19
08/22
08:45
08/22/19
08:45
General news
The -12k initial claims drop »

The -12k initial claims…

MNTX

Manitex

$5.67

0.07 (1.25%)

, TEX

Terex

$25.08

0.85 (3.51%)

08:43
08/22/19
08/22
08:43
08/22/19
08:43
Hot Stocks
Manitex names Steve Filipov CEO, David Langevin named exec. chairman »

Manitex International…

MNTX

Manitex

$5.67

0.07 (1.25%)

TEX

Terex

$25.08

0.85 (3.51%)

03/08/13
Wedge Partners
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03/06/13
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03/06/13
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SPLK

Splunk

$128.51

1.87 (1.48%)

08:42
08/22/19
08/22
08:42
08/22/19
08:42
Downgrade
Splunk rating change  »

Splunk downgraded to…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 28

    Aug

  • 15

    Oct

CETX

Cemtrex

$1.79

-0.18 (-9.14%)

08:42
08/22/19
08/22
08:42
08/22/19
08:42
Hot Stocks
Cemtrex completes sale of EMS business ROB Cemtrex »

Cemtrex announced that it…

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03/06/13
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TOL

Toll Brothers

$35.23

-1.68 (-4.55%)

08:41
08/22/19
08/22
08:41
08/22/19
08:41
Downgrade
Toll Brothers rating change at Wells Fargo »

Toll Brothers downgraded…

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03/08/13
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03/06/13
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CRXPF

Crop Infrastructure

$0.00

(0.00%)

08:40
08/22/19
08/22
08:40
08/22/19
08:40
Hot Stocks
Crop Infrastructure extends closing of commercial real estate purchase agreement »

CROP Infrastructure Corp.…

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NIO

NIO Inc.

$3.06

-0.11 (-3.47%)

08:40
08/22/19
08/22
08:40
08/22/19
08:40
Periodicals
NIO Inc. to cut workforce by 1,200 by end of September, Reuters reports »

NIO Inc, a Chinese…

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SNPS

Synopsys

$131.74

1.71 (1.32%)

08:40
08/22/19
08/22
08:40
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08:40
Recommendations
Synopsys analyst commentary at Needham »

Synopsys price target…

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  • 04

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SPLK

Splunk

$128.51

1.87 (1.48%)

08:38
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08/22
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08:38
Recommendations
Splunk analyst commentary  »

Splunk cash flow guidance…

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  • 28

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KEYS

Keysight Technologies

$89.14

1.85 (2.12%)

08:38
08/22/19
08/22
08:38
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08:38
Upgrade
Keysight Technologies rating change  »

Keysight Technologies…

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  • 10

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TTC

Toro Company

$71.95

0.795 (1.12%)

08:37
08/22/19
08/22
08:37
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08:37
Hot Stocks
Toro Company narrows FY19 adj. EPS view to $2.92-$3.00 from $2.90-$3.00 »

Consensus $2.91. Now…

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  • 22

    Aug

GLW

Corning

$27.89

0.4 (1.46%)

08:37
08/22/19
08/22
08:37
08/22/19
08:37
Hot Stocks
Corning Astra Glass chosen for CCPD's Oxide-LCD line »

Corning Incorporated…

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  • 26

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BA

Boeing

$340.03

8.09 (2.44%)

08:37
08/22/19
08/22
08:37
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08:37
Recommendations
Boeing analyst commentary  »

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  • 03

    Sep

SUP

Superior Industries

$2.38

-0.025 (-1.04%)

08:36
08/22/19
08/22
08:36
08/22/19
08:36
Conference/Events
Superior Industries management to meet with Barrington »

Meetings to be held in…

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  • 29

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MTL

Mechel

$1.61

0.005 (0.31%)

08:36
08/22/19
08/22
08:36
08/22/19
08:36
Hot Stocks
Mechel reports launch of longwall at Southern Kuzbass »

Mechel reports launching…

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03/06/13
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SNPS

Synopsys

$131.74

1.71 (1.32%)

08:35
08/22/19
08/22
08:35
08/22/19
08:35
Recommendations
Synopsys analyst commentary at Wells Fargo »

Synopsys price target…

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Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
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  • 04

    Sep

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  • 26

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  • 27

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CHGG

Chegg

$40.94

0.51 (1.26%)

08:35
08/22/19
08/22
08:35
08/22/19
08:35
Conference/Events
Chegg management to meet with Barrington »

Meeting to be held in…

03/08/13
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  • 29

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