El interés en corto de Lyft da a los inversores una idea del grado en que los inversores apuestan por la caída de las acciones de Lyft. Los datos de interés en corto se actualizan cada dos semanas.

Lyft (NASDAQ:LYFT) Bolsa, Informe de interés en corto

Lyft

Lyft is the second-largest ride-sharing service provider in the US and Canada, connecting riders and drivers over the Lyft app. Incorporated in 2013, Lyft offers a variety of rides via private vehicles, including traditional private rides, shared rides, and luxury ones. Besides ride-share, Lyft also has entered the bike- and scooter-share market to bring multimodal transportation options to users.

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Insiders de Lyft, Huntsman y Bloomin&#39; Brands realizan compras importantes de acciones. ¿Qué significa esto para los inversores?

Insider Trading: Compras en Lyft, Huntsman y Bloomin&#39; Brands

Lyft Inc

Tigress Financial analyst Ivan Feinseth maintains Lyft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>) with a Buy and raises the price target from $24 to $26.

Price Target

Analyst Ratings

Tigress Financial Maintains Buy on Lyft, Raises Price Target to $26

Whales with a lot of money to spend have taken a noticeably bearish stance on Lyft.
Looking at options history for Lyft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>) we detected 23 trades.
If we consider the specifics of each trade, it is accurate to state that 30% of the investors opened trades with bullish expectations and 60% with bearish.
From the overall spotted trades, 6 are puts, for a total amount of $837,299 and 17, calls, for a total amount of $664,250.
<h3>Expected Price Movements</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $12.0 to $22.5 for Lyft over the recent three months. 
<h3>Volume &amp; Open Interest Trends</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Lyft's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Lyft's whale activity within a strike price range from $12.0 to $22.5 in the last 30 days. 
<h3>Lyft 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1731956427_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>LYFT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$1.5</td>
<td>$1.38</td>
<td>$1.47</td>
<td>$12.00</td>
<td>$292.8K</td>
<td>4.3K</td>
<td>2.0K</td>
</tr>
<tr>
<td>LYFT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>04/17/25</td>
<td>$1.46</td>
<td>$1.29</td>
<td>$1.38</td>
<td>$15.00</td>
<td>$276.0K</td>
<td>301</td>
<td>2.0K</td>
</tr>
<tr>
<td>LYFT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/19/25</td>
<td>$2.2</td>
<td>$2.11</td>
<td>$2.2</td>
<td>$15.00</td>
<td>$122.0K</td>
<td>371</td>
<td>557</td>
</tr>
<tr>
<td>LYFT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$3.3</td>
<td>$3.25</td>
<td>$3.25</td>
<td>$20.00</td>
<td>$80.6K</td>
<td>2.6K</td>
<td>249</td>
</tr>
<tr>
<td>LYFT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$0.15</td>
<td>$0.14</td>
<td>$0.14</td>
<td>$21.00</td>
<td>$56.6K</td>
<td>2.6K</td>
<td>4.0K</td>
</tr>
</tbody>
</table>

<h3>About Lyft</h3>
Lyft is the second-largest ride-sharing service provider in the US and Canada, connecting riders and drivers over the Lyft app. Incorporated in 2013, Lyft offers a variety of rides via private vehicles, including traditional private rides, shared rides, and luxury ones. Besides ride-share, Lyft also has entered the bike- and scooter-share market to bring multimodal transportation options to users.
Following our analysis of the options activities associated with Lyft, we pivot to a closer look at the company's own performance.
<h3>Current Position of Lyft</h3>
<ul>
<li>With a trading volume of 13,191,006, the price of LYFT is down by -5.55%, reaching $17.11.</li>
<li>Current RSI values indicate that the stock is may be approaching overbought.</li>
<li>Next earnings report is scheduled for 85 days from now.</li>
</ul>
<h3>What The Experts Say On Lyft</h3>
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $16.8.
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&#x2A; An analyst from TD Cowen persists with their Hold rating on Lyft, maintaining a target price of $18. 
&#x2A; Maintaining their stance, an analyst from Jefferies continues to hold a Hold rating for Lyft, targeting a price of $13. 
&#x2A; Maintaining their stance, an analyst from DA Davidson continues to hold a Neutral rating for Lyft, targeting a price of $16. 
&#x2A; An analyst from B of A Securities has decided to maintain their Buy rating on Lyft, which currently sits at a price target of $19. 
&#x2A; An analyst from BMO Capital has decided to maintain their Market Perform rating on Lyft, which currently sits at a price target of $18. 
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Lyft with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Options

A Closer Look at Lyft's Options Market Dynamics

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) experienced a significant stock surge of 8.76% <a href="https://www.benzinga.com/markets/equities/24/11/42028797/tesla-soars-over-5-in-overnight-trading-as-trump-administration-reportedly-seeks-to-ease-fsd-norms">following the news</a> that President-elect Donald Trump&#8217;s transition team aims to prioritize the establishment of a framework for fully autonomous vehicles within the Transportation Department.
What Happened: As per <a href="https://pro.benzinga.com">Benzinga Pro</a>, Tesla was trading at $346.71 at the time of writing while it closed at $320.72 on Friday.
Other companies in the autonomous vehicle sector, including Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>), Uber Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>), and Lyft Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>), did not see similar stock gains. Alphabet&#8217;s self-driving unit, Waymo, competes directly with Tesla in the autonomous vehicle industry.
Meanwhile, Uber and Lyft, facing competition from both Waymo and Tesla in the ride-hailing market, saw their stocks decline by 1.16% and 0.77%, respectively. 
Additionally, Tesla CEO Elon Musk has been appointed to lead the newly formed Department of Government Efficiency (DOGE) under the Trump administration. Musk has previously shown support for federal regulations on autonomous vehicles, highlighting his intention to advocate for the nationwide deployment of self-driving cars during Tesla&#8217;s third-quarter earnings call.
Currently, the National Highway Traffic Safety Administration restricts automakers to deploying 2,500 autonomous vehicles annually, with efforts to increase this cap having been unsuccessful thus far.
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/42005034/elon-musk-backs-calls-for-end-to-ev-subsidies-but-former-tesla-exec-warns-of-massive-drop-in-manufacturing-investments-if-trump-follows-through?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Backs Calls For End To EV Subsidies, But Former Tesla Exec Warns Of &#8216;Massive Drop&#8217; In Manufacturing Investments If Trump Follows Through</a>
Why It Matters: The recent developments come on the heels of a significant milestone for Tesla&#8217;s Full Self-Driving (FSD) technology. Pierre Ferragu, a Wall Street analyst, noted that Tesla&#8217;s FSD completed a <a href="https://www.benzinga.com/markets/equities/24/11/42029753/teslas-fsd-hits-a-milestone-with-95-mile-unassisted-drive-from-manhattan-to-connecticut-analyst-pierre-ferragu-says-robotaxi-never-felt-that-close-ever-before">95-mile unassisted journey</a> from Manhattan to Connecticut, showcasing the company&#8217;s advancements in autonomous driving capabilities.
Furthermore, there is growing speculation about potential partnerships between Tesla and ride-hailing giants Uber and Lyft. Analysts Tom Narayan and Brad Erickson have <a href="https://www.benzinga.com/24/11/42015996/tesla-to-partner-with-lyft-uber-analyst-says-rising-conviction-for-partnership-in-future">expressed increasing confidence</a> in Tesla&#8217;s autonomous vehicle goals and its competitive advantages in manufacturing.
Uber CEO Dara Khosrowshahi has also <a href="https://www.benzinga.com/news/24/10/41424058/uber-ceo-dara-khosrowshahi-finds-elon-musks-robotaxi-vision-pretty-compelling-says-tesla-will-eventu">acknowledged Tesla&#8217;s potential </a>in the autonomous vehicle space, suggesting that Tesla could either become a rival or a partner, depending on future developments. 
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/tech/24/11/42025190/nikola-recalls-72-of-its-trouble-ridden-bev-trucks-as-display-failure-raises-crash-risk?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Nikola Recalls 72 Of Its Trouble-Ridden BEV Trucks As Display Failure Raises Crash Risk</a></li>
</ul>
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Image via Shutterstock

General

GOOG

GOOGL

TSLA

UBER

Tesla Stock Responds To FSD Nod In Monday Premarket As Trump Team Prioritizes Self-Driving Framework

Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) analysts Tom Narayan and Brad Erickson highlight the company's potential with FSD and robotaxis and also share thoughts on whether the electric vehicle giant could work with Uber Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) and Lyft Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>) instead of <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41295072/tesla-robotaxi-day-event-more-fanfare-than-substance-8-analysts-on-cybercab-optimus">competing against them.</a>
Tesla FSD, Autonomous Opportunity: RBC hosted investors at Tesla's Giga Texas facility and now has "increasing confidence" in the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41259841/uber-vs-tesla-maybe-not-analysts-say-autonomous-vehicles-will-be-market-expanding">company's autonomous vehicle goals</a>, along with more confidence in seeing the company's competitive advantages in manufacturing over other automotive companies.
Narayan and Erickson, who have an Outperform rating on Tesla, raised the price target from $249 to $313.
"While we think much of the stock's post-election share price move is not rooted in fundamentals, we like the risk/reward of our implied upside value/share versus our downside," the analysts said.
The analysts said the automotive sector remains challenging and Tesla stock could see near-term pressure, but has a chance for long-term growth thanks to FSD innovation. The analysts assign a value of $102 per share for Tesla's FSD business, cars represent $36 per share and robotaxis represent $136 per share.
The analysts said Donald Trump&#8216;s elimination of the electric vehicle credit could be a net negative for Tesla, which is expected to gain market share as a result.
Tesla's newest version of FSD includes a "hands-off" allowance for roads in the United States, which could put Tesla ahead of other competitors, the analysts said.
"Almost every OEM L2+ product in the market currently has limitations. Most do not take exits, make turns, and in some cases do automatic lane changes."
The analysts expect FSD pricing to come down to $50 per month for consumers, but see the future opportunity to increase the price to $100 per month with new features.
Tesla could earn $83 billion in revenue from FSD and could see $22 billion in licensing revenue for the software by 2035, the analysts said.
The analysts see FSD's value rising from $61 per share to $102 per share, representing 33% of the overall price target on Tesla and 64% of the price target increase.
RBC's tour of Giga Texas also led to a price increase on Tesla cars, thanks to the company's vertical integration and cost structure advantages over the competition.
Read Also: <a href="https://www.benzinga.com/news/earnings/24/10/41501607/tesla-q3-earnings-highlights-eps-beat-revenue-miss-shares-climb-on-2025-timeline-for-lower-cost-evs">Tesla Q3 Earnings Highlights: EPS Beat, Revenue Miss, Shares Climb On 2025 Timeline For Lower-Cost EVs</a>
Robotaxi Opportunity: The analysts said Tesla is committed to owning all pieces of the robotaxi ecosystem, which includes the vehicle, software and app. This could give the company a competitive cost advantage over other autonomous vehicles, the analysts added.
Narayan and Erickson think Tesla could represent a 20% share of robotaxis in the U.S., 6% in Europe, and 8% in China.
While Tesla robotaxis could be bad news for ride-hail companies like Uber and Lyft, the analysts see an opportunity for the market size to grow and for potential partnerships.
"Ride volumes would increase dramatically, helped by lower pricing coming from AV ridesharing," the analysts said. "Currently, only 1% of miles driven in the U.S. for example, come from ridesharing."
Tesla has around two million vehicles on the road in the US and Uber has 70 million to 80 million active users, the analysts noted.
"As such, partnering with Uber makes sense to expand its customer base."
Erickson said he has "rising conviction" that Tesla could be more open to working with Uber and Lyft at some point.
"We believe the successful AV networks of the future will involve deeply integrated partnerships composed of OEMs, suppliers, software-enablers and ride-hailing networks all playing their critical roles in delivering a safe, reliable and, importantly, economically sustainable service."
Erickson said Uber and Lyft are likely to benefit from a growing total addressable market expansion for ride-hail and robotaxis with or without a partnership from Tesla.
"We believe Tesla is more mindful of maintaining some level of economic rationality than we might have thought previously and would view them more as a partnership candidate over time."
Without partnerships with Lyft and Uber, Tesla could have to spend tens of billions of dollars to reach "adequate marketplace density and liquidity."
RBC has an Outperform rating on Lyft with a $24 price target. RBC has an Outperform rating on Uber with an $82 price target.
TSLA, UBER, LYFT Price Action: Tesla stock is up 3% to $320.41 on Friday versus a 52-week trading range of $138.80 to $358.64. Tesla stock is up 29% year-to-date.
Uber stock is up 2% to $73.00 on Friday versus a 52-week trading range of $53.15 to $87.00. Uber stock is up 25% year-to-date.
Lyft stock is up 1% to $18.02 on Friday versus a 52-week trading range of $8.92 to $20.82. Lyft stock is up 31% year-to-date.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/24/11/41985486/if-tesla-stock-hits-all-time-highs-in-2025-will-it-be-driven-by-trump-musk-relationship-benzinga-readers-say-this">If Tesla Stock Hits All-Time Highs In 2025, Will It Be Driven By Trump-Musk Relationship? Benzinga Readers Say This</a></li>
</ul>
Image created using artificial intelligence via Midjourney.

Analyst Color

Reiteration

Tesla To Partner With Lyft, Uber? Analyst Has 'Rising Conviction' For Future Partnership

BEKE

Citigourp Global Markets 2% Protected Notes Linked To The Djia

Appaloosa LP 13F Shows Increased Stake In PDD Holdings By 173% From 1,940,000 To 5,301,132 Shares; Increased Stake In JD.com Inc By 69% From 4,310,600 To 7,300,000 Shares;  Increased Stake In Lyft By 98% From 7,961,257 To 15,750,000 Shares; Increased Stake In KE Holdings By 4% From 2,085,000 To 2,175,000 Shares

Lyft's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NYSE">LYFT</a>) short percent of float has fallen 4.03% since its last report. The company recently reported that it has 46.14 million shares sold short, which is 13.35% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.56 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Lyft Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1731617122_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Lyft has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Lyft's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Lyft's peer group average for short interest as a percentage of float is 10.81%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

How Is The Market Feeling About Lyft?

Lyft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>) has been analyzed by 22 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">3</td>
<td align="right">1</td>
<td align="right">18</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">2</td>
<td align="right">1</td>
<td align="right">12</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">3</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $16.73, a high estimate of $23.00, and a low estimate of $13.00. This upward trend is evident, with the current average reflecting a 15.94% increase from the previous average price target of $14.43.
<img src="https://www.benzinga.com/files/images/story/2024/1731351626_0.png" alt="price target chart" />
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
The standing of Lyft among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Shyam Patil</td>
<td>Susquehanna</td>
<td>Raises</td>
<td>Neutral</td>
<td>$18.00</td>
<td>$10.00</td>
</tr>
<tr>
<td>Ross Sandler</td>
<td>Barclays</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$20.00</td>
<td>$14.00</td>
</tr>
<tr>
<td>John Blackledge</td>
<td>TD Cowen</td>
<td>Raises</td>
<td>Hold</td>
<td>$18.00</td>
<td>$16.00</td>
</tr>
<tr>
<td>Tom White</td>
<td>DA Davidson</td>
<td>Raises</td>
<td>Neutral</td>
<td>$16.00</td>
<td>$11.00</td>
</tr>
<tr>
<td>Brian Nowak</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$18.00</td>
<td>$16.50</td>
</tr>
<tr>
<td>Michael Graham</td>
<td>Canaccord Genuity</td>
<td>Raises</td>
<td>Buy</td>
<td>$22.00</td>
<td>$18.00</td>
</tr>
<tr>
<td>Michael McGovern</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$19.00</td>
<td>$16.00</td>
</tr>
<tr>
<td>Brian Pitz</td>
<td>BMO Capital</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$18.00</td>
<td>$13.00</td>
</tr>
<tr>
<td>Rohit Kulkarni</td>
<td>Roth MKM</td>
<td>Raises</td>
<td>Neutral</td>
<td>$16.00</td>
<td>$13.00</td>
</tr>
<tr>
<td>Lloyd Walmsley</td>
<td>UBS</td>
<td>Raises</td>
<td>Neutral</td>
<td>$18.00</td>
<td>$13.00</td>
</tr>
<tr>
<td>Deepak Mathivanan</td>
<td>Cantor Fitzgerald</td>
<td>Raises</td>
<td>Neutral</td>
<td>$16.00</td>
<td>$13.00</td>
</tr>
<tr>
<td>Thomas Champion</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Overweight</td>
<td>$23.00</td>
<td>$17.00</td>
</tr>
<tr>
<td>Youssef Squali</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Hold</td>
<td>$20.00</td>
<td>$13.00</td>
</tr>
<tr>
<td>Mark Mahaney</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>In-Line</td>
<td>$19.00</td>
<td>$17.00</td>
</tr>
<tr>
<td>John Colantuoni</td>
<td>Jefferies</td>
<td>Raises</td>
<td>Hold</td>
<td>$13.00</td>
<td>$10.50</td>
</tr>
<tr>
<td>Lloyd Walmsley</td>
<td>UBS</td>
<td>Raises</td>
<td>Neutral</td>
<td>$13.00</td>
<td>$12.00</td>
</tr>
<tr>
<td>Deepak Mathivanan</td>
<td>Cantor Fitzgerald</td>
<td>Maintains</td>
<td>Neutral</td>
<td>$13.00</td>
<td>$13.00</td>
</tr>
<tr>
<td>Deepak Mathivanan</td>
<td>Cantor Fitzgerald</td>
<td>Maintains</td>
<td>Neutral</td>
<td>$13.00</td>
<td>$13.00</td>
</tr>
<tr>
<td>Deepak Mathivanan</td>
<td>Cantor Fitzgerald</td>
<td>Announces</td>
<td>Neutral</td>
<td>$13.00</td>
<td>-</td>
</tr>
<tr>
<td>Rob Sanderson</td>
<td>Loop Capital</td>
<td>Lowers</td>
<td>Buy</td>
<td>$16.00</td>
<td>$20.00</td>
</tr>
<tr>
<td>Anindya Das</td>
<td>Nomura</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$13.00</td>
<td>$15.00</td>
</tr>
<tr>
<td>Rohit Kulkarni</td>
<td>Roth MKM</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$13.00</td>
<td>$19.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Lyft. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Lyft compared to the broader market.</li>
<li>Price Targets: Understanding forecasts, analysts offer estimates for Lyft's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
To gain a panoramic view of Lyft's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/LYFT/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Lyft analyst ratings.</a>
<h2>About Lyft</h2>
Lyft is the second-largest ride-sharing service provider in the US and Canada, connecting riders and drivers over the Lyft app. Incorporated in 2013, Lyft offers a variety of rides via private vehicles, including traditional private rides, shared rides, and luxury ones. Besides ride-share, Lyft also has entered the bike- and scooter-share market to bring multimodal transportation options to users.
<h3>A Deep Dive into Lyft's Financials</h3>
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: Lyft's revenue growth over a period of 3 months has been noteworthy. As of 30 September, 2024, the company achieved a revenue growth rate of approximately 31.54%. This indicates a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Industrials sector.
Net Margin: Lyft's net margin excels beyond industry benchmarks, reaching -0.82%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Lyft's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive -2.01% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Lyft's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of -0.24%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: With a below-average debt-to-equity ratio of 1.75, Lyft adopts a prudent financial strategy, indicating a balanced approach to debt management.
<h2>Analyst Ratings: What Are They?</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Key Takeaways From Lyft Analyst Ratings

Investors with a lot of money to spend have taken a bearish stance on Lyft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>).
And retail traders should know.
We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with LYFT, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 14 options trades for Lyft.
This isn't normal.
The overall sentiment of these big-money traders is split between 42% bullish and 50%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $94,299, and 13, calls, for a total amount of $808,043.
<h3>Expected Price Movements</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $9.5 to $22.0 for Lyft over the last 3 months. 
<h3>Volume &amp; Open Interest Development</h3>
In today's trading context, the average open interest for options of Lyft stands at 2832.64, with a total volume reaching 9,014.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Lyft, situated within the strike price corridor from $9.5 to $22.0, throughout the last 30 days.
<h3>Lyft Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1731348929_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>LYFT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$0.8</td>
<td>$0.72</td>
<td>$0.78</td>
<td>$20.00</td>
<td>$152.8K</td>
<td>3.8K</td>
<td>3.0K</td>
</tr>
<tr>
<td>LYFT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/16/25</td>
<td>$4.2</td>
<td>$4.1</td>
<td>$4.1</td>
<td>$16.00</td>
<td>$123.0K</td>
<td>97</td>
<td>600</td>
</tr>
<tr>
<td>LYFT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$1.29</td>
<td>$1.28</td>
<td>$1.29</td>
<td>$19.00</td>
<td>$94.2K</td>
<td>702</td>
<td>717</td>
</tr>
<tr>
<td>LYFT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/19/25</td>
<td>$5.0</td>
<td>$4.0</td>
<td>$4.0</td>
<td>$20.00</td>
<td>$80.0K</td>
<td>2.8K</td>
<td>220</td>
</tr>
<tr>
<td>LYFT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/16/25</td>
<td>$4.25</td>
<td>$4.15</td>
<td>$4.15</td>
<td>$16.00</td>
<td>$68.4K</td>
<td>97</td>
<td>600</td>
</tr>
</tbody>
</table>

<h3>About Lyft</h3>
Lyft is the second-largest ride-sharing service provider in the US and Canada, connecting riders and drivers over the Lyft app. Incorporated in 2013, Lyft offers a variety of rides via private vehicles, including traditional private rides, shared rides, and luxury ones. Besides ride-share, Lyft also has entered the bike- and scooter-share market to bring multimodal transportation options to users.
Following our analysis of the options activities associated with Lyft, we pivot to a closer look at the company's own performance.
<h3>Current Position of Lyft</h3>
<ul>
<li>Currently trading with a volume of 12,495,023, the LYFT's price is up by 6.69%, now at $18.97. </li>
<li>RSI readings suggest the stock is currently may be overbought.</li>
<li>Anticipated earnings release is in 92 days.</li>
</ul>
<h3>Professional Analyst Ratings for Lyft</h3>
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $17.8.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from Barclays persists with their Equal-Weight rating on Lyft, maintaining a target price of $20. 
&#x2A; Consistent in their evaluation, an analyst from Jefferies keeps a Hold rating on Lyft with a target price of $13. 
&#x2A; Consistent in their evaluation, an analyst from Roth MKM keeps a Neutral rating on Lyft with a target price of $16. 
&#x2A; An analyst from Canaccord Genuity has decided to maintain their Buy rating on Lyft, which currently sits at a price target of $22. 
&#x2A; Maintaining their stance, an analyst from Susquehanna continues to hold a Neutral rating for Lyft, targeting a price of $18. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Lyft options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Looking At Lyft's Recent Unusual Options Activity

WIIM

Lyft shares are trading higher after Susquehanna raised its price target on the stock from $10 to $18. DA Davidson and Barclays also raised their respective price targets on Friday.

Susquehanna analyst Shyam Patil maintains Lyft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>) with a Neutral and raises the price target from $10 to $18.

Susquehanna Maintains Neutral on Lyft, Raises Price Target to $18

Despite a fresh $5.6 billion funding boost, Waymo&#8217;s autonomous ride-hailing service still can&#8217;t compete with traditional rideshares on either price or speed. In addition to being more costly, Waymo rides are also noticeably slower than regular Uber (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) or Lyft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>) rides, according to a recent Forbes study.&nbsp;
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In a comparison of 50 rides in Los Angeles, Waymo rides cost an average of $9.50 more and took more than twice as long to get passengers to their destinations.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I missed 3 green lights today because a stupid <a href="https://twitter.com/Waymo?ref_src=twsrc%5Etfw">@Waymo</a> couldn't make a left turn. Look at the huge line of cars at the end it created in Santa Monica. I had to make a u-turn in the mid of the road cause this WAYMO wouldn't move! <a href="https://t.co/6uZNbx2ThN">pic.twitter.com/6uZNbx2ThN</a>
&mdash; Flaviyake (@Flaviyake) <a href="https://twitter.com/Flaviyake/status/1855419807522496595?ref_src=twsrc%5Etfw">November 10, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The main culprits for Waymo&#8217;s delays are conservative driving and an aversion to freeways. <a href="https://www.benzinga.com/news/24/10/41541316/waymo-fleet-hits-25m-driverless-miles-autonomous-driving-company-says-its-fleet-is-safer-than-human">Waymo cars</a>, which cannot navigate highways, take longer routes that stretch travel times. According to Forbes, in some cases what would have been a 29-minute Uber ride took more than an hour with Waymo. It doesn't help that Waymo often can&#8217;t drop passengers directly at their requested location, leaving some with an extra walk at the end of their journey.
Even as <a href="https://www.benzinga.com/news/24/08/40479370/tesla-robotaxi-rival-waymo-witnesses-rapid-expansion-in-its-weekly-paid-rides-doubling-to-100k-in-3">Waymo expands</a>, it&#8217;s becoming clear that the company&#8217;s self-driving service is more of a premium novelty than a realistic transportation alternative. Although the service is interesting to people who are curious about autonomous technology, regular users of ride-hailing apps are unlikely to replace it because of its higher prices and slower journey times. Despite raising billions, Waymo is having trouble competing with ridesharing services like Uber and Lyft, which have become essential components of city life.
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A 2023 JD Power poll revealed that only 37% of consumers feel comfortable riding in an autonomous vehicle, down from 42% in 2021. With stories of driverless Waymos getting into traffic mishaps – such as a reported <a href="https://www.tiktok.com/@romokris/video/7430541142229519662?is_from_webapp=1">19-car pileup</a> in San Francisco – it&#8217;s no wonder many are wary of trusting these cars.
While the share of Americans using ride-hailing services has more than doubled since 2015, with <a href="https://www.pewresearch.org/short-reads/2019/01/04/more-americans-are-using-ride-hailing-apps/">36% of adults</a> having used an app like Uber or Lyft by 2018, only a small portion of users rely on these services regularly. Even fewer have opted for driverless cars. And when Waymo&#8217;s cars cause bizarre incidents, like getting stuck in traffic alongside each other or waking up residents by honking at each other in confusion, it's not exactly an advertisement for convenience.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Imagine being woken up at 4 a.m. by cars honking at each other. That&#39;s what some San Francisco residents have been dealing with for weeks, as the Waymos can be heard in this video honking and blinking headlights in a parking lot outside of their condo. <a href="https://t.co/2cVmDfUk4i">https://t.co/2cVmDfUk4i</a> <a href="https://t.co/pkxNTT5vXd">pic.twitter.com/pkxNTT5vXd</a>
&mdash; ABC7 News (@abc7newsbayarea) <a href="https://twitter.com/abc7newsbayarea/status/1823256993311740196?ref_src=twsrc%5Etfw">August 13, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
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To grow its robotaxi service beyond its present operations in Los Angeles, San Francisco and Phoenix, Waymo recently <a href="https://www.benzinga.com/news/24/10/41567166/waymo-closes-5-6b-investment-round-to-expand-robotaxi-operations">closed a $5.6 billion Series C fundraising round</a>. The funding round, led by Alphabet – Waymo&#8217;s parent company – alongside investors like Andreessen Horowitz, Fidelity and Tiger Global, aims to help Waymo advance its technology and expand to new cities. Co-CEOs Tekedra Mawakana and Dmitri Dolgov emphasized that this investment will support the expansion of the Waymo One ride-hailing service and further improvements in the Waymo Driver for broader business applications.
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Startups

A New $5.6 Billion Injection Hasn't Made Waymo Cheaper, Faster – Self-Driving Rides Still Cost More, Take Much Longer Than Taxis Per Report

Barclays analyst Ross Sandler maintains Lyft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>) with a Equal-Weight and raises the price target from $14 to $20.

Barclays Maintains Equal-Weight on Lyft, Raises Price Target to $20

DA Davidson analyst Tom White maintains Lyft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>) with a Neutral and raises the price target from $11 to $16.

DA Davidson Maintains Neutral on Lyft, Raises Price Target to $16

TD Cowen analyst John Blackledge maintains Lyft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>) with a Hold and raises the price target from $16 to $18.

TD Cowen Maintains Hold on Lyft, Raises Price Target to $18

Morgan Stanley analyst Brian Nowak maintains Lyft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>) with a Equal-Weight and raises the price target from $16.5 to $18.

Morgan Stanley Maintains Equal-Weight on Lyft, Raises Price Target to $18

Canaccord Genuity analyst Michael Graham maintains Lyft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>) with a Buy and raises the price target from $18 to $22.

Canaccord Genuity Maintains Buy on Lyft, Raises Price Target to $22

B of A Securities analyst Michael McGovern maintains Lyft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>) with a Buy and raises the price target from $16 to $19.

B of A Securities Maintains Buy on Lyft, Raises Price Target to $19

Investors with a lot of money to spend have taken a bullish stance on Lyft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with LYFT, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 25 uncommon options trades for Lyft.
This isn't normal.
The overall sentiment of these big-money traders is split between 52% bullish and 48%, bearish.
Out of all of the special options we uncovered, 6 are puts, for a total amount of $347,011, and 19 are calls, for a total amount of $1,852,255.
<h3>Predicted Price Range</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $10.0 and $30.0 for Lyft, spanning the last three months.
<h3>Insights into Volume &amp; Open Interest</h3>
In today's trading context, the average open interest for options of Lyft stands at 3853.29, with a total volume reaching 39,771.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Lyft, situated within the strike price corridor from $10.0 to $30.0, throughout the last 30 days.
<h3>Lyft Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1731004497_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>LYFT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$2.86</td>
<td>$2.74</td>
<td>$2.86</td>
<td>$25.00</td>
<td>$572.0K</td>
<td>6.9K</td>
<td>2.4K</td>
</tr>
<tr>
<td>LYFT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$1.6</td>
<td>$1.59</td>
<td>$1.6</td>
<td>$19.00</td>
<td>$184.3K</td>
<td>3.0K</td>
<td>1.2K</td>
</tr>
<tr>
<td>LYFT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$6.8</td>
<td>$6.7</td>
<td>$6.7</td>
<td>$15.00</td>
<td>$170.8K</td>
<td>3.1K</td>
<td>1.0K</td>
</tr>
<tr>
<td>LYFT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/08/24</td>
<td>$3.2</td>
<td>$3.0</td>
<td>$3.0</td>
<td>$14.50</td>
<td>$150.6K</td>
<td>4.8K</td>
<td>541</td>
</tr>
<tr>
<td>LYFT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/17/25</td>
<td>$7.1</td>
<td>$7.0</td>
<td>$7.0</td>
<td>$12.00</td>
<td>$133.0K</td>
<td>465</td>
<td>206</td>
</tr>
</tbody>
</table>

<h3>About Lyft</h3>
Lyft is the second-largest ride-sharing service provider in the us and Canada, connecting riders and drivers over the Lyft app. Incorporated in 2013, Lyft offers a variety of rides via private vehicles, including traditional private rides, shared rides, and luxury ones. Besides ride-share, Lyft also has entered the bike- and scooter-share market to bring multimodal transportation options to users.
After a thorough review of the options trading surrounding Lyft, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Lyft's Current Market Status</h3>
<ul>
<li>Currently trading with a volume of 52,357,128, the LYFT's price is up by 23.37%, now at $17.77. </li>
<li>RSI readings suggest the stock is currently may be overbought.</li>
<li>Anticipated earnings release is in 96 days.</li>
</ul>
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Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Lyft with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Market Whales and Their Recent Bets on LYFT Options

Lyft, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>) shares are trading higher Thursday after the company reported better-than-expected third-quarter financial results. Multiple analysts also raised price targets following the report. Here&#8217;s <a href="https://www.benzinga.com/news/24/11/41799780/why-lyft-shares-are-trading-higher-by-over-21-here-are-20-stocks-moving-premarket">what you need to know.</a>
What To Know: Lyft reported a third-quarter loss of 3 cents per share, beating the expected loss of 4 cents per share. Revenue for the quarter was $1.52 billion, beating the $1.44 billion analysts projected, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro.</a>
Total revenue was up 32% year-over-year. The company reported $4.1 billion in gross bookings, a 16% increase year-over-year, and generated free cash flow of $242.8 million. Lyft also reported record numbers in active riders and total rides, with riders coming in at 24.4 million and rides totaling 217 million in the quarter.
&#8220;Our team delivered one of the strongest quarters in Lyft history, following the many new innovations we&#8217;ve brought to drivers and riders so far this year,&#8221; said David Risher, CEO of Lyft. &#8220;Going forward, our work with best-of-breed partners and the autonomous future we&#8217;re building will give people even more reasons to choose Lyft every time.&#8221;
Outlook: For the fourth quarter, Lyft anticipates gross bookings in the range of $4.28 billion to $4.35 billion, representing growth of 15% to 17% on a year-over-year basis.
Lyft now expects full-year rides growth in the mid-teens year-over-year. The company also expects full-year gross bookings to grow approximately 17% year-over-year. Full-year free cash flow is expected to exceed $650 million.
What Else: Lyft also announced<a href="https://www.benzinga.com/news/24/11/41798436/lyft-teams-up-with-intels-mobileye-may-mobility-for-robotaxi-services-as-tesla-gears-up-to-enter-aut"> partnerships with Intel&#8217;s Mobileye and May Mobility</a> for autonomous ride-hailing services. As part of this initiative, Mobileye will integrate its self-driving technology with Lyft&#8217;s platform, allowing future operators to deploy autonomous fleets in North American cities. Separately, May Mobility will introduce a fleet of autonomous Toyota Sienna minivans to Lyft's platform in Atlanta starting in 2025.
<h3 class="wp-block-heading">Analyst Ratings</h3>
Following Lyft&#8217;s earnings, <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41815590/lyfts-bookings-guidance-bests-uber-analyst-says-better-than-feared">several analysts updated</a> their ratings and price targets:
<ul>
<li>Cantor Fitzgerald and Roth MKM both raised their price targets from $13 to $16, maintaining Neutral ratings.</li>
<li>Truist Securities and Wedbush both raised their price targets to $20 with Hold ratings.</li>
<li>Piper Sandler increased its price target from $17 to $23 with an Overweight rating.</li>
<li>RBC Capital Markets reiterated an Outperform rating with a price target of $17.</li>
<li>Benchmark and Needham analysts reiterated Hold ratings.</li>
</ul>
LYFT Price Action: Lyft shares were up 23.2% at $17.75 at the time of publication, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro.</a>
<figure class="wp-block-image size-large is-resized"><a href="https://benzinga.slack.com/archives/D072651PB4K/p1727794380964569"><img loading="lazy" decoding="async" width="1024" height="527" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/07120634/LYFT-1024x527.png" alt="" class="wp-image-635861" style="width:458px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/07120634/LYFT-1024x527.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/07120634/LYFT-300x154.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/07120634/LYFT-768x395.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/07120634/LYFT.png 1168w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
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