ride-hailing

Ride-hailing company Uber Technologies Inc (NYSE: UBER) experienced a strong January and February, followed by a "difficult" March and then a "shock to the system" in April as Rides experienced an 80% year-over-year decline, CEO Dara Khosrowshahi said on CNBC's "Squawk...

Lyft Inc (NASDAQ: LYFT)’s stock plunged Wednesday on news of job cuts and opex reductions, but the company seemed to redeem itself with a first-quarter sales beat after the close. Lyft’s $955.71 million in sales exceeded estimates of $897.86 million, even as a bottom-line loss of $...

LYFT Inc (NASDAQ: LYFT), which is competing against bigger rival Uber Technologies Inc (NYSE: UBER), could be a better bet for investors at this point of time, according to an analyst at Argus. The Lyft Analyst Jim Kelleher initiated coverage of Lyft with a Buy rating and $39 price target. The Lyft...

Uber Technologies, Inc. (NYSE: UBER) announced late last week that it will record an up to $2.2-billion impairment against equity investments and withdrew its fiscal 2020 guidance, citing uncertainties in the COVID-19 environment. Although the company has made no disclosure, the write-down could be...

Uber Technologies Inc (NYSE: UBER) is scheduled to report first-quarter earnings on May 7. The company has withdrawn its 2020 guidance and is likely to have a slower recovery than was previously anticipated, according to BofA Securities. The Uber Analyst Justin Post maintained a Buy rating on ...

U.S. President Donald Trump held a conference call Tuesday with restaurant executives to discuss financial support for the industry. An unnamed industry executive said during the conference call the government should take action to support small business owners financially, according to CNBC. ...

Shares of Lyft Inc (NASDAQ: LYFT) traded as low as $35 this week, and Needham said the stock is offering investors a favorable risk-reward profile for the first time.   The Lyft Analyst Brad Erickson initiated coverage of Lyft with a Buy rating and $48 price target. The Lyft Thesis...

When people stay home because of coronavirus fears, the ride-hailing industry likely will feel it at least a little. Uber Technologies Inc. (NYSE: UBER) acknowledged that for the first time, saying in a financial filing on Monday that the Covid-19 outbreak - or the fear of a pandemic - could reduce...

It was a bumpy ride for Uber Technologies Inc (NYSE: UBER) and LYFT Inc (NASDAQ: LYFT) investors in 2019, but the ride-hailing stocks are off to a hot start in 2020. On Sunday, New York City released ridesharing data for the month of December, and Bank of America analyst Justin Post dug into...

Shares of Lyft, Inc. (NASDAQ: LYFT) continued to drop on Wednesday after a fourth-quarter earnings report that seems to have disappointed investors, but sell-side analysts continued to recommend the stock on strong revenue growth, and even upped price expectations for shares of the ride-hailing...

Lyft, Inc. (NASDAQ: LYFT) shares were down in after-hours trading Tuesday despite beating Street estimates on revenue and the number of active riders, with expectations for the ride-hailing company likely bumped up by a strong report a few days earlier from its main competitor.  Lyft...

Looking for a LYFT Inc (NASDAQ: LYFT) promo code? While you may not be able to find a discount on your ride, you could be able to buy Lyft stock for a good price if you do it at the right time. In light of Lyft's upcoming earnings, here are three reasons to buy the stock: Lyft (NASDAQ:...

After a sluggish start to the year the, initial public offering activity gained momentum in 2019.  In the second quarter, Saudi Aramco, Beyond Meat Inc (NASDAQ: BYND) and Uber Technologies Inc (NYSE: UBER) all made the list for the biggest IPOs of 2019. On Dec. 5, the $2-...

Uber Technologies Inc (NYSE: UBER) co-founder Travis Kalanick resigned as CEO in 2017 and confirmed this week that he will leave the ride-hailing company's board by the end of the year.   Wedbush Analyst Unsurprised  Kalanick's resignation is far from surprising, as he has...

Uber Technologies Inc (NYSE: UBER) shares are down about 28% since the ride-hailing service's IPO, and Lyft Inc (NASDAQ: LYFT) shares are down about 39%.  What's In Store For Uber In 2020?  Multiple analysts are maintaining bullish ratings on Uber despite the stock's...