Business StrategyLyft is attempting to differentiate itself with unique features for riders and partnering with enterprises like Amazon and Apple.
Financial OutlookAnalyst predicts revenue growth accelerating, with Lyft expecting mid-teens Rides growth, Gross Bookings growth, and the generation of positive free cash flow for the full year.
Stock ValuationAnalyst reiterates a Buy rating on LYFT with an increased 12-month target price, anticipating ongoing growth in ridership and use, operating efficiencies, and increasing advertising revenue.