Latest news with #LYFT
Yahoo
2 days ago
- Automotive
- Yahoo
DBS Maintains Hold Rating on NIO Inc. (NIO) Stock
On June 5, DBS analyst Rachel Miu maintained a Hold rating on NIO Inc. (NYSE:NIO) and set a price target of HK$38.00. The rating update came after the company reported its unaudited fiscal Q1 2025 results on June 3. The analyst stated that the company underwent a 19% year-over-year increase in vehicle revenue driven by a 40% rise in vehicle sales. However, lower average selling price because of a change in the product mix is causing challenges for the company's operations. A fleet of eco-friendly electric cars, a symbol of the company's commitment to sustainability. Miu also reasoned that while NIO Inc. (NYSE:NIO) experienced a minute improvement in its vehicle margin, underperformance in fiscal Q4 2024 and weaker-than-expected guidance for Q1 2025 are anticipated to negatively affect its near-term performance. NIO Inc. (NYSE:NIO) plans to launch a number of new brands and models in 2025, including the ONVO L90 and Firefly. However, the analyst stated that the transition to a new vehicle platform may trigger inconsistent sales trends until the stabilization of the production process. The analyst thus expects the non-GAAP net loss for fiscal year 2025 to widen, prompted by the expected rise in costs associated with the new stores, R&D, and brand marketing. While we acknowledge the potential of LYFT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure: None.
Business Standard
12-05-2025
- Business
- Business Standard
Wall Street Mixed Amid Trade Hopes, Corporate Earnings Swings and Global Market Moves
U.S. stocks showed mixed results as trade optimism clashed with tariff tensions; corporate earnings moved stocks sharply while gold and global markets saw notable shifts. The Nasdaq crept up 0.78 points or less than a tenth of a percent to 17,928.92, the S&P 500 edged down 4.03 points (0.1%) to 5,659.91 and the Dow dipped 119.07 points (0.3%) to 41,249.38. Wall Street rose on hopes of a U.S.-China trade deal as Treasury Secretary Bessent heads to talks, with reports suggesting tariffs may drop below 60% from 145%. However, Trumps post backing an 80% China tariff and cautious trader sentiment, despite a U.S.-U.K. deal framework, tempered optimism. Lyft (LYFT) shares skyrocketed after the ride-sharing company reported a first quarter profit compared to a year-ago loss and boosted its share buyback plan to $750 million. Trade Desk (TTD) also spiked after the digital marketing company reported better than expected first quarter results. Affirm Holdings (AFRM) plunged after the buy now, pay later company reported an unexpected fiscal third quarter profit but provided disappointing revenue guidance for the current quarter. Travel booking platform Expedia (EXPE) also moved sharply lower after reporting first quarter revenue that missed estimates and issuing soft guidance. Gold stocks strongly moved upwards with the NYSE Arca Gold Bugs Index surging by 3.3%. The strength among gold stocks came amid a sharp increase by the price of the precious metal. Networking, telecom and energy stocks also saw some strength on the day while biotechnology and pharmaceutical stocks moved to the downside. Asia-Pacific stocks turned in a mixed performance. Japan's Nikkei 225 Index surged by 1.6%, while China's Shanghai Composite Index dipped by 0.3%. The major European stocks all moved upside. The U.K.'s FTSE 100 Index rose by 0.2%, the German DAX Index and the French CAC 40 Index both climbed by 0.6%. In the bond market, treasuries showed a lack of direction after moving sharply lower in the previous session. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, inched up by less than a basis point to 4.37%.
Yahoo
10-05-2025
- Business
- Yahoo
Why Lyft, Inc. (LYFT) Skyrocketed This Week
We recently published a list of . In this article, we are going to take a look at where Lyft, Inc. (NASDAQ:LYFT) stands against other stocks that moved the market this week. The stock market edged lower week-on-week, as cautious investors repositioned their portfolios ahead of the United States and China's high-stakes negotiations on trade policies that have for months dented global economies. On a week-on-week basis, the Dow Jones was down by 0.16 percent, the S&P 500 dropped 0.47 percent, while the Nasdaq dipped by 0.27 percent. Beyond the major indices, 10 companies bucked a wider market decline, with gains skyrocketing in just a week's trading. In this article, we name the 10 top-performing companies this week and the primary reasons that bolstered their gains. To come up with the list, we considered only the stocks with a $2-billion market capitalization and $5-million trading volume. The stocks were chosen based on the highest percentage increase in closing prices on May 9 as against their prices a week earlier, or on May 2. A ridesharing passenger and driver in a car, looking out the window in anticipation of their destination. Lyft Inc. grew its share prices by 31.62 percent week-on-week, to end at $16.65 on Friday versus the $12.65 a week earlier after swinging to profitability in the first three months of the year. According to Lyft, Inc. (NASDAQ:LYFT), it achieved a net income of $2.6 million during the period, a reversal from the $31.5 million net loss in the same period last year, as revenues grew by 13.5 percent to $1.45 billion from $1.277 billion year-on-year. Gross bookings also grew by 12.7 percent to $4.28 billion from $3.69 billion in the same comparable period, supported by the increase in the number of active riders and ridership. For the second quarter, Lyft, Inc. (NASDAQ:LYFT) expects ridership to grow by mid-teens, as well as gross bookings to settle between $4.41 billion and $4.57 billion, or a 10 to 14 percent growth year-on-year. 'With our expansion into new demographics via Lyft Silver and into Europe with our planned FREENOW acquisition, we're putting all the pieces in place for sustained, market-leading performance,' said Lyft, Inc. (NASDAQ:LYFT) CEO David Risher. Overall, LYFT ranks 4th on our list of stocks that moved the market this week. While we acknowledge the potential of LYFT as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than LYFT but that trades at less than 5 times its earnings, check out our report about this . READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
09-05-2025
- Business
- Yahoo
Lyft Surges 23% on Buyback Boost -- Is This the Turning Point Investors Have Been Waiting For?
Lyft (NASDAQ:LYFT) just delivered a solid quarter that sent shares soaring 23% at 12.30pm today. The ride-sharing giant boosted its share buyback plan to $750 million, aiming to deploy $500 million over the next yeara move that caught the attention of activist investor Engine Capital, which is now halting its campaign against Lyft. CEO David Risher told CNBC that despite economic uncertainty, consumer demand remains strong, with rides up 16% to 218.4 million, slightly beating expectations. Gross bookings also rose 13% year-over-year to $4.16 billion, marking the 16th straight quarter of growth. Warning! GuruFocus has detected 3 Warning Sign with LYFT. The market response was swift. Goldman Sachs (NYSE:GS) upgraded Lyft to a buy, citing the company's execution in what it described as a stable industry backdrop. That contrasts sharply with rival Uber, whose shares dipped earlier this week after reporting mixed results. Lyft's revenue climbed 14% to $1.45 billion, just shy of the $1.47 billion forecast by LSEG. Still, net income hit $2.57 million, a sharp turnaround from last year's $31.54 million loss. Yet there's a bigger play here. Lyft's push to ramp up buybacks amid ongoing economic uncertainty signals a renewed focus on shareholder value. With Goldman Sachs now backing the stock and Engine Capital stepping back, Lyft could be positioning itself for a stronger second half of 2025. The question is: Can it sustain this momentum as market conditions tighten? This article first appeared on GuruFocus. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
21-04-2025
- Business
- Yahoo
Lyft, Inc. (LYFT): A Bull Case Theory
We came across a bullish thesis on Lyft, Inc. (LYFT) on Substack by Stefan Waldhauser. In this article, we will summarize the bulls' thesis on LYFT. Lyft, Inc. (LYFT)'s share was trading at $11.16 as of April 17th. LYFT's trailing and forward P/E were 186 and 10.94 respectively according to Yahoo Finance. Is Uber Technologies, Inc. (UBER) the Least Risky Internet Stock To Invest In? A close up view of a hand holding a smartphone, using a ride sharing app. Lyft's $197 million acquisition of European mobility platform Freenow marks a pivotal shift in the company's strategy, ending its North America-only focus and unlocking a broader global footprint. Freenow operates across nine European countries and more than 150 cities, with a leading position in the taxi-hailing segment. The deal, expected to close in late 2025, nearly doubles Lyft's total addressable market to over 300 billion rides per year, though it adds only ~$1 billion to gross bookings, or around 5% in inorganic growth. With Freenow estimated to generate €150–250 million in annual revenue and having just turned profitable in 2024 after years of losses, the $197 million price tag reflects roughly 1x sales—a modest valuation for an established European leader. Lyft, trading at less than 0.7x EV/sales compared to Uber's 3.5x, appears to be executing a strategic move at a compelling price. CEO David Risher has highlighted this as a transformational moment for Lyft, leveraging Freenow's deep regulatory ties, regional expertise, and dominant market share in key cities like Berlin, London, and Madrid. Freenow's heavy focus on taxi bookings (90% of gross bookings in 2024) gives Lyft access to an under-digitized market where half of bookings still occur offline—presenting a long runway for tech-enabled growth. Initially, Lyft will retain the Freenow brand and support both apps, with integration allowing cross-platform use by customers in both continents. Over time, rebranding is likely as Lyft unifies its global identity. While the short-term financial impact is minimal, the strategic value is substantial. Lyft's entry into international markets erases a key investor concern and potentially sets the stage for renewed interest in its stock, particularly as the global mobility space evolves with autonomous vehicle technology. The acquisition represents a low-risk, high-upside catalyst for a company long discounted for its domestic limitations. Lyft, Inc. (LYFT) is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 55 hedge fund portfolios held LYFT at the end of the fourth quarter which was 51 in the previous quarter. While we acknowledge the risk and potential of LYFT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than LYFT but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
