Lyft, Inc. operates a peer-to-peer marketplace for on-demand ridesharing in the United States and Canada. The company operates multimodal transportation networks that offer access to various transportation options through the Lyft platform and mobile-based applications. Its platform provides a ridesharing marketplace that connects drivers with riders; Express Drive, a car rental program for drivers; and a network of shared bikes and scooters in various cities to address the needs of riders for short trips. The company was formerly known as Zimride, Inc. and changed its name to Lyft, Inc. in April 2013. Lyft, Inc. was incorporated in 2007 and is headquartered in San Francisco, California.
Lyft's Market Pulse | Explore Lyft's evolving position in the rideshare industry, with 27.32% revenue growth and strategic moves to combat intensifying competition from AVs and rivals |
Financial Trajectory | Delve into Lyft's improving profitability, capital returns, and undervalued status, with analysts projecting price targets ranging from $14 to $21 |
Global Expansion | Uncover Lyft's ambitious international growth strategy, including the $197 million FREENOW acquisition, set to add over $1 billion in gross bookings |
Future Mobility | Learn about Lyft's partnerships in the autonomous vehicle sector and how these alliances could reshape its business model and competitive positioning |
Metrics to compare | LYFT | Sector Sector - Average of metrics from a broad group of related Technology sector companies | Relationship RelationshipLYFTPeersSector | |
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P/E Ratio | 74.1x | −31.0x | 12.7x | |
PEG Ratio | 0.31 | 0.03 | 0.03 | |
Price/Book | 9.3x | 6.5x | 1.4x | |
Price / LTM Sales | 1.1x | 6.6x | 1.3x | |
Upside (Analyst Target) | −4.8% | 16.4% | 14.6% | |
Fair Value Upside | Unlock | −11.7% | 5.0% | Unlock |