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.

Atlanta DA weighing murder probe into James Brown's 2006 death
Hollander reportedly handed over "a green plastic storage bin" full of items she claims are evidence that Brown was murdered. Brown, one of the nation's most prominent entertainers, died at 73 at a hospital in Atlanta on December 25, 2006.

Boris Johnson's United Kingdom government reshuffle: Who's in and who's out?
The Prime Minister's official spokesman said that preparations for the Budget would continue under the new Chancellor. Priti Patel and Dominic Raab have remained in their positions as Home Secretary and Forgeign Secretary respectively.

China coronavirus toll increases to 1380
On Thursday Japan announced its first coronavirus death - a woman in her 80s who lived in Kanagawa, south-west of Tokyo.

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.



Another win for Meghan as she celebrates British Vogue coup
Meghan previously revealed how she put her name forward as the first guest-editor of a September issue of British Vogue . Actually, I typed and deleted the question several times until I built up the courage to ask the question in question.

China Reports Spike in Virus Cases with New Way of Counting
Outside Hubei , there were 12 more deaths but the number of new cases fell for a ninth day in a row, with 312 extra patients. The commission also subtracted 1,043 from the total number of confirmed infections in Hubei after a "verification".

USA ‘ready to help’ N. Korea combat virus - State Department
North Korea's media have described the fight against the illness as a matter of "national existence". A North Korean official with Coronavirus has been executed by the government.

Indiana Pacers vs. Milwaukee Bucks - 2/12/20 NBA Pick, Odds & Prediction
According to the latest oddsmakers, the Bucks are favored on the road, as they are getting odds of -2 points against the Pacers. Sabonis was also the leading rebounder for the Pacers as he pulled in 10 boards, with 1 coming offensively.

L’animateur bientôt candidat à l'élection présidentielle — Cyril Hanouna
Le principal intéressé à finalement souhaité démentir toute rumeur [VIDEO ] quant à ses désirs de devenir le président des Français.

US Senate Votes to Curb Trump's Iran War Powers
Vindman was scheduled to leave the council over the summer, so the ousting effectively ended his detail to the council early. Census : "With the start of the 2020 census just a month away for most U.S. residents, the U.S.

Crossfire Movie Adaptation Coming From Sony
Sony Pictures will lend its experience and resources to the project, with The Fast Saga producer Neal H. Smilegate claims that Crossfire has 1 billion registered users and up to 6 million concurrent players.

Orlando Bloom's new tattoo misspells his son's name
The actor and Aussie model divorced in 2013 after three years of marriage, but have remained close for the sake of their son. When your tattoo is just dot and dashes, it's understandable, but Bloom's artist has already said that he's ready to fix it.

U.S. warship seizes suspected Iranian weapons in Arabian Sea
The weapons were " identical " to those seized in a similar operation last November by the USS Forrest Sherman. Photo shows assorted weapons aboard a stateless dhow during a maritime interdiction operation in the U.S.

Ousted ambassador calls US diplomacy 'amoral'
Previous recipients include Madeleine Albright and Kofi Annan. The Republican-majority Senate acquitted Trump this month.