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.
Market Dynamics | Lyft holds 24% of the U.S. rideshare market, projecting $38B in bookings by 2032. Explore its competitive strategies and growth challenges. |
Financial Trajectory | Delve into Lyft's journey to GAAP profitability, its ambitious 2027 targets, and analyst skepticism about achieving $25B in gross bookings. |
Innovation Crossroads | Learn how Lyft balances traditional ridesharing with autonomous vehicle integration, facilitating over 130,000 AV rides in Las Vegas. |
Analyst Outlook | Price targets range from $13 to $24, reflecting diverse views on Lyft's ability to navigate regulatory challenges and fierce competition. |
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 | 209.2x | −32.0x | 11.5x | |
PEG Ratio | 1.96 | 0.02 | 0.03 | |
Price/Book | 6.2x | 12.1x | 1.4x | |
Price / LTM Sales | 0.8x | 3.5x | 1.1x | |
Upside (Analyst Target) | 31.8% | 22.6% | 30.9% | |
Fair Value Upside | Unlock | −29.4% | 10.0% | Unlock |