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Jim Cramer on Lyft (LYFT): “We’ve Seen a Pretty Impressive Turnaround Here”
Insider Monkey1d agoneutral
Jim Cramer on Lyft (LYFT): “We’ve Seen a Pretty Impressive Turnaround Here”

During the September 14 episode of Mad Money, Jim Cramer discussed the market action surrounding Lyft, Inc. (NASDAQ:LYFT), the second largest ridesharing platform in the United States, as he said: Alright, what are we making in the recent action in the stock of Lyft, the number two ride sharing platform in the United States? Its […]

Lyft (LYFT) Stock Trades Down, Here Is Why
StockStory1d agoneutral
Lyft (LYFT) Stock Trades Down, Here Is Why

Shares of ride sharing service Lyft (NASDAQ: LYFT) fell 2.5% in the afternoon session after Guggenheim analyst Taylor Manley downgraded the company from Buy to Neutral and cut the firm’s price target to $16 from $22. According to Streetinsider, the shift marks a more cautious stance after Manley previously maintained a Buy rating with a $22 target. A Neutral rating typically signals expectations for performance roughly in line with peers rather than outsized upside. Rating cuts and lower targets

Lyft (LYFT) Becomes Official Rideshare Partner At A Major Entertainment Venue
Simply Wall St.3d agoneutral
Lyft (LYFT) Becomes Official Rideshare Partner At A Major Entertainment Venue

Lyft (NasdaqGS: LYFT) has entered a multi-year marketing partnership with Sphere Entertainment Co. as the venue's official rideshare partner. The agreement gives Lyft in-venue brand visibility across Sphere and external exposure around the high-profile entertainment destination. The partnership includes dedicated rideshare facilities designed to channel visitors arriving and departing events through Lyft branded touchpoints. The multi-year Sphere marketing alliance is one piece of a broader...

Lyft (LYFT)’s Robotaxi Strategy Takes Shape with Waymo
Insider Monkey5d agoneutral
Lyft (LYFT)’s Robotaxi Strategy Takes Shape with Waymo

Lyft, Inc. (NASDAQ:LYFT) has begun offering Waymo’s fully autonomous robotaxi rides directly through its app in Nashville, marking the first market where Waymo vehicles can be booked through both the Waymo and Lyft apps. Lyft users requesting Standard, Priority Pickup, Wait & Save, or Extra Comfort rides within the designated Nashville service area can be […]

Is Uber Stock Cheap, Or Is The Cash Already Spent?
Trefis7d agoneutral
Is Uber Stock Cheap, Or Is The Cash Already Spent?

Uber Technologies (UBER) generates free cash flow worth 6.8% of its market value a year, against 4.5% for the median S&P 500 company. A gap that wide usually points to a business the market expects to shrink. Uber is not shrinking; revenue grew 16.7% over the trailing twelve months. So the question is who gets the cash.

Long Straddle Trade Iseas September 10th
Barchart9d agoneutral
Long Straddle Trade Iseas September 10th

Volatility has picked up in recent days as the market digests rising yields and oil prices along with seasonal headwinds. With everything going on, volatility could rear its ugly head again at any time. The VIX Index closed at 16.46 yesterday after briefly dropping below 14 last week.

Meta & Lyft Move Higher, Apple's Foldable iPhone | Stock Movers
Bloomberg10d agoneutralVIDEO
Meta & Lyft Move Higher, Apple's Foldable iPhone | Stock Movers

On this episode of Stock Movers: - Meta (META) shares are gaining with analysts positive on the Facebook parent after it debuted Muse, an AI assistant. Firms wrote that Meta is well positioned to succeed with the product. - Lyft (LYFT) shares are higher as the ride-hailing company is starting to offer Waymo robotaxi rides in Nashville, marking the second US city where it's providing driverless trips. - Apple (AAPL) shares are on the move ahead of today's product unveil. Apple's stock has rallied 15% since June 25, driven by excitement about the new lineup of devices, particularly the foldable phone.

Stocks to Watch Wednesday: Apple, Amazon, Fortum
The Wall Street Journal10d agoneutral
Stocks to Watch Wednesday: Apple, Amazon, Fortum

🔍Apple (AAPL): The company is expected to unveil a foldable phone. It's the first big product launch event for new CEO John Ternus. Shares were unchanged premarket. ↗️Fortum (FI:FORTUM): Shares in the Nordic energy company bounced after it signed a deal with Google to power data centers in Finland.

Lyft (LYFT) And The Case For An Undervalued Autonomous Vehicle Narrative
Simply Wall St.14d agoneutral
Lyft (LYFT) And The Case For An Undervalued Autonomous Vehicle Narrative

Recent Share Performance and Business Context Lyft (LYFT) continues to attract attention after a period of mixed share performance, with the stock last closing at US$16.72. Investors are weighing this price against the company’s current fundamentals and recent return profile. Over the past week and month, the stock declined 5.5% and edged up 1.5% respectively, while the past 3 months show a 22.5% gain. Year to date, the share price is down 15.5%, with a roughly flat 1 year total return of...

CFOs On the Move: Week ending Sept. 4
CFO.com15d agoneutral
CFOs On the Move: Week ending Sept. 4

Pinterest’s CFO exits to join OpenAI chairman’s startup Sierra, Charter’s CFO heads to Blackstone-Google AI infrastructure venture and Deutsche Telekom and T‑Mobile name new CFOs.