Uber vs Lyft: Which Stock Is A Better Buy?

14 Février, 2020, 14:24 | Auteur: Auguste Feret
  • 3 Reasons To Buy Lyft Stock

Lyft's results came a few days after larger rival Uber Technologies Inc. reported quarterly numbers that blew past analysts' expectations and announced that it was moving up its target for profitability.

Although Lyft continues to grow and its losses are falling, that wasn't enough for investors - especially after Uber surprised everyone in its earnings report last week by saying it was aiming to be profitable by the fourth quarter of 2020.

Lyft only operates in the US and Canada with around 23 million users in the fourth quarter.

When it comes to the full year 2020, the company expects revenues to be in the range of $4.575 billion and $4.650 billion, in line with Refinitiv estimates of $4.59 billion. But shares of Lyft, like those of Uber, are still trading well below their initial public offering price, which in Lyft's case was $72 per share. Moreover, Uber's management moved the key profitability goal from Q1 next year to the fourth-quarter of this year.

He said Lyft will continue working hard to encourage additional drivers to join their community so they can continue to expand and serve riders and drivers where they are.

Lyft's earnings - after Uber's own consequences that guaranteed investors a quicker-than-anticipated route to (corrected ) earnings - and the economy's response to its own performance, provide a fantastic framework for assessing investors' appetite for gains from growth.

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In the fourth quarter, Lyft increased its number of active riders 23% to 22.9 million, slightly outpacing analysts' estimates of 22.8 million.

"We really want to win on product innovation, on customer experience and brand preference", Lyft Chief Executive Officer Logan Green said on a call with investors Tuesday, "not on things like coupons or incentives". Lyft has a share of 39% in the North American ride-hailing market. Uber is also trying to penetrate Asia and Europe, although it has been struggling to do so due to different and more strict regulations than in the United States. They tried in China and had to back out of China. With the Lyft transportation network, we are already helping over 22 million consumers get around in a much more simple and economical way.

Looking at the stock performance, 23 out of 37 market analysts have Uber as a "buy" with the average price target of $48.83, compared to the current price of $40.33. On the other hand, the average price target for Lyft is $69.18, while the current market price is $53.54.

RBC's Buy rating comes with an $82 target price.

Uber and Lyft are at the forefront of the ride-sharing industry. To say the least, Uber upped the ante by pulling forward its expected date for hitting profitability by a whole year.

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