Lyft stock advanced after the company reported its best week for rides since the COVID-19 pandemic forced lockdowns in the US early last year.
The Lyft stock price jumped as much as 13% in pre-market trading after its 4th-quarter earnings. Cost-cutting and a potential profit caused investors to snap up shares in the ride-hailing app. Markets are warming to companies that stand to gain from a vaccine-driven rebound. Sign up here for our daily […]
Lyft’s third-quarter figures weren’t thrilling, but its earnings guidance and vaccine hopes stand to push the stock to pre-pandemic highs, Wedbush said Wednesday. Analyst Dan Ives lifted his price target for Lyft shares to $US48 from $US37 in a note to clients, a 33% upside from Tuesday’s close. Lyft executives […]
Lyft reported first-quarter earnings results on Wednesday that exceeded Wall Street’s expectations. Shares surged as much as 19% in after-hours trading. Still, there could be trouble ahead. “We cannot predict the trajectory or timing of the eventual recovery, but it is clear that macro trends will continue to negatively impact […]
Uber will report first quarter 2020 earnings on Thursday after market close. The company withdrew the 2020 guidance it gave during its fourth quarter 2019 earnings report due to the impact of the coronavirus pandemic. Here’s what four analysts are saying about Uber before its Thursday report. Watch Uber trade […]
Lyft is scheduled to report its fiscal fourth-quarter and full-year 2019 earnings on Tuesday after market close. Investors are waiting to see if Lyft will try to match Uber’s updated timeline to profitability, which the competitor ride-hailing company announced last week. Here’s what five Wall Street analysts are saying about […]
2019 was a tough year for unicorn startups – privately held companies valued at more than $US1 billion – going public through an initial public offering process. Though the first half of the year was strong for IPOs, “investors got really turned off” after big disappointments from companies like Uber […]