Fubotv earnings beat by $0.10, revenue topped estimates
Investing.com - BMO Capital has raised its price target on Lyft (NASDAQ:LYFT) to $16.00 from $15.00 while maintaining a Market Perform rating on the ride-sharing company’s stock. According to InvestingPro data, Lyft’s stock has shown remarkable strength with a 54% return over the past year, though current analysis suggests the stock may be undervalued.
The price target adjustment follows Lyft’s mixed second quarter 2025 results, which showed bookings slightly below expectations at less than $4.5 billion, while adjusted EBITDA significantly outperformed both BMO and Street forecasts of $115 million and $125 million respectively.
Revenue for the quarter came in at $1.8 billion, approximately 2.4% below BMO Capital’s estimate, according to the research firm’s analysis.
BMO Capital noted that Lyft’s third quarter 2025 bookings guidance exceeded market expectations, while its EBITDA forecast aligned with both BMO and broader market projections.
The firm cited expanded growth opportunities in the United States and international markets as reasons for optimism, along with Lyft’s upcoming autonomous vehicle launches in partnership with Baidu (NASDAQ:BIDU) and BENTELER Mobility.
In other recent news, Lyft reported its second-quarter 2025 earnings, revealing a significant shortfall in earnings per share (EPS) compared to analyst expectations. The company posted an EPS of $0.10, falling short of the forecasted $0.26, which marks a 61.54% miss. Revenue also did not meet expectations, coming in at $1.59 billion against an anticipated $1.61 billion. Despite these results, Lyft maintained a Buy rating from BofA Securities, which reiterated a price target of $12.00 following the company’s quarterly performance. Lyft’s second-quarter bookings were reported at $4.49 billion, with EBITDA of $129 million, aligning closely with Street expectations. The number of active riders reached 26.1 million, slightly exceeding analyst projections. Evercore ISI also maintained its "In Line" rating and a $15.00 price target on Lyft, despite the mixed results. Lyft’s gross bookings increased by 12% year-over-year, and revenue rose by 11% year-over-year, although both figures were below Street expectations.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.