最新ニュース Lyft (NASDAQ:LYFT) 株価情報

Lyft

Lyft is the second-largest ride-hailing service provider in the us and Canada, connecting riders and drivers over the Lyft app. Incorporated in 2013 and public since 2019, Lyft offers a variety of rides via private vehicles, including traditional private rides, shared rides, and luxury ones. Besides ride-hailing, Lyft has entered the bike- and scooter-share market to bring multimodal transportation options to users.

Lyft Inc

Lyft's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NYSE">LYFT</a>) short percent of float has fallen 6.5% since its last report. The company recently reported that it has 48.76 million shares sold short, which is 14.1% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.02 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Lyft Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1737121521_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Lyft has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Lyft's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Lyft's peer group average for short interest as a percentage of float is 10.01%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

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Looking Into Lyft's Recent Short Interest

Wells Fargo analyst Ken Gawrelski maintains Lyft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>) with a Equal-Weight and lowers the price target from $17 to $14.

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Wells Fargo Maintains Equal-Weight on Lyft, Lowers Price Target to $14

This week has been a rollercoaster ride in the world of electric vehicles and ride-hailing services. From&nbsp;Tesla Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) recalling hundreds of thousands of vehicles to&nbsp;Warren Buffett-backed&nbsp;BYD Co&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDF#OTC">BYDDF</a>) launching an affordable EV in Australia, there&#8217;s a lot to catch up on. Let&#8217;s dive into the top stories of the week.
Tesla Recalls Over 239,000 Vehicles
Tesla is recalling 239,382 vehicles in the U.S. due to concerns about the loss of rearview camera image, according to the National Highway Traffic Safety Administration (NHTSA). The issue arises from a potential short in the computer circuit board. Tesla has released a software update to address the problem and will replace affected computers free of charge. The recall includes 2024-25 Model 3 and Model S vehicles and 2023-25 Model X and Model Y.
<a href="https://www.benzinga.com/tech/25/01/42909595/tesla-recalls-over-239000-vehicles-over-rearview-camera-image-display-issues">Read the full article here.</a>
Warren Buffett-Backed BYD Launches Affordable EV in Australia
Chinese EV company BYD, in which Warren Buffett&#8217;s Berkshire Hathaway Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) holds a stake, is launching Australia&#8217;s first EV with a starting price under $30,000. This move could significantly boost Australia&#8217;s EV market. Despite selling a portion of its stake, Berkshire still owns around 4.9% of BYD, representing approximately $1.8 billion in its portfolio.
<a href="https://www.benzinga.com/news/management/25/01/42901570/warren-buffett-backed-byd-launches-australias-first-ev-under-30k-how-the-move-could-strengthen-fight-against-elon-musks-tesla">Read the full article here.</a>
Ross Gerber Praises Tesla&#8217;s Cybertruck Amid California Wildfires
Ross Gerber, CEO of Gerber Kawasaki Wealth and Investment Management, lauded Tesla&#8217;s Cybertruck for its performance during the devastating wildfire in Los Angeles's Pacific Palisades neighborhood. Gerber shared his experience of how the vehicle navigated fallen trees and flooded roads, and its HEPA filter system protected him from smoke.
<a href="https://www.benzinga.com/markets/equities/25/01/42890496/cybertruck-was-my-hero-today-says-ross-gerber-after-teslas-truck-allowed-him-to-navigate-california-wildfires-in-safety">Read the full article here.</a>
Uber and Lyft Revamp Robotaxi Strategy
Ride-hailing giants&nbsp;Uber Technologies Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) and&nbsp;Lyft Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>) are revising their robotaxi ambitions. They have restructured their businesses to accommodate competitors who have cracked the code, according to the Wall Street Journal. Under the new strategy, Uber and Lyft will earn a percentage of driverless taxi bookings while maintaining the fleet.
<a href="https://www.benzinga.com/25/01/42859391/uber-and-lyft-adapt-robotaxi-strategy-to-compete-in-tesla-and-waymos-market">Read the full article here.</a>
XPeng and Volkswagen to Build Super-Fast EV Charging Network in China
Chinese EV startup&nbsp;XPeng Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>) and German automaker&nbsp;Volkswagen AG&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/VWAGY#OTC">VWAGY</a>) are planning to jointly build a super-fast charging network in China. The over 20,000 charging piles operated by the two companies across 420 cities in China will now be accessible to both players going forward.
<a href="https://www.benzinga.com/25/01/42807958/xpeng-volkswagen-to-jointly-build-super-fast-ev-charging-network-in-china">Read the full article here.</a>
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<li><a href="https://www.benzinga.com/25/01/42931896/jeff-bezos-500-million-superyacht-koru-steals-the-show-at-st-barts-annual-festival-where-173-billionaires-turned-up-with-their-yachts">Jeff Bezos&#8217; $500 Million Superyacht Koru Steals The Show At St. Bart&#8217;s Annual Festival Where 173 Billionaires Turned Up With Their Yachts</a></li>
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Photo courtesy: Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/ananya-gairola" target="_blank" rel="noreferrer noopener">Ananya Gairola</a>

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Tesla Recalls Over 239,000 Vehicles, Uber and Lyft Revamp Robotaxi Strategy, Warren Buffett-Backed BYD Launches Affordable EV And More: This Week In Mobility

Companies in California and across the United States are pitching in to help consumers dealing with <a href="https://www.benzinga.com/25/01/42899953/five-dead-in-los-angeles-wildfires-utilities-face-scrutiny">wildfires in the state.</a>
What Happened: Wildfires in California have forced thousands of people to be evacuated from their homes as wildfires led to power outages and damaged properties, marking one of the potentially highest costing events in state history for the insurance industry.
Companies are pitching in to help consumers by delaying payments, offering free services and providing necessities like places to stay and food.
Here's a look at a portion of the companies offering help:
SpaceX: The company is <a href="https://www.benzinga.com/general/space/25/01/42892886/spacex-ceo-elon-musk-offers-free-starlink-terminals-to-los-angeles-areas-affected-by-wildfires">providing free Starlink</a> terminals to areas near Los Angeles impacted by the wildfires, CEO Elon Musk announced Thursday. The tweet came with a local media reporter sharing that they were using Starlink to be able to provide live coverage with a lack of cell service in the area.
Sweetgreen (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SG#NYSE">SG</a>): The restaurant chain's co-founder Nicholas Jammet <a href="https://www.linkedin.com/in/nicolas-jammet-5b9b878/?trk=public_post_embed_feed-actor-name">shared </a>a video on LinkedIn saying the company was hoping to provide food to as many people impacted by the wildfires as possible.
"We want to help, we want to feed as many people as possible," Jammet said in the video.
Starbucks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>): One Starbucks location was destroyed by fires in the area, Bloomberg <a href="https://www.bloomberg.com/news/live-blog/2025-01-08/palisades-fire-near-los-angeles-latest?srnd=homepage-americas&amp;sref=TBDibEcD">reported</a>. Another location handed out coffee and food to first responders to help in the efforts.
Target Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>): The retailer said is was fast-tracking critical supplies to stores near Los Angeles to help get necessary supplies to first responders and customers quicker.
Kroger (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KR#NYSE">KR</a>): The retailer lost a location in the Palisades region from the fires. The retailer is also giving food and water to people in the fire-impacted areas.
Albertsons (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACI#NYSE">ACI</a>): The retailer is also giving food and water to first responders in the wildfire areas.
Lyft Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>): The ride-share company announced it was offering free and discounted rides to and from shelters for impacted California residents.
"Lyft is committed to providing access to reliable transportation, especially in emergencies to support communities in need," Lyft Social Impact Manager Celia Moreno <a href="https://www.lyft.com/blog/posts/help-for-those-impacted-by-wildfire-in-california">said</a>.
U-Haul (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UHAL#NYSE">UHAL</a>): The moving and storage company is offering 30 days free storage at 92 facilities located in Southern California for those impacted by the wildfires.
"People are hurting and in need of help. U-Haul is part of these communities, and if we can help our neighbors in this process, we are going to do so," U-Haul area district vice president Chris Piedra <a href="https://www.uhaul.com/Articles/About/Ca-Wildfire-Assistance-U-Haul-Offers-30-Days-Free-Storage-AT-92-Centers-33115/">said</a>.
Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>): The technology giant is providing temporary relief for Apple Card users in the Los Angeles area, allowing people to postpone payments without interest, as <a href="https://x.com/markgurman/status/1877480784648397264?s=46">reported </a>by Bloomberg writer Mark Gurman. Apple CEO Tim Cook also announced the company will be donating to help in the wildfire efforts.
"Thank you to the incredible firefighters, first responders, and all those assisting for your heroic efforts. Apple will be donating to support the victims and recovery efforts on the ground," Cook <a href="https://x.com/tim_cook/status/1877176338651439162">tweeted</a>.
Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>): The electric vehicle company <a href="https://x.com/tesla_na/status/1877454782647980368">announced </a>it was forgiving Autopilot and FSD Supervised strikes to people in California to provide them with more options when evacuating the region.
Planet Fitness (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLNT#NYSE">PLNT</a>): The gym chain is offering its locations to first responders and local residents in the impacted areas as a place to shower and charge devices through January 15, as <a href="https://www.cbsnews.com/amp/news/los-angeles-wildfires-pacific-palisades-planet-fitness-airbnb/">reported </a>by CBS News.
Airbnb (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABNB#NASDAQ">ABNB</a>): The house rental's Airbnb.org charitable arm is helping find free temporary housing for people who had to evacuate their homes.
Toyota (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>): The automotive company <a href="https://pressroom.toyota.com/toyota-supports-california-fires-relief-efforts/">announced </a>it would offer payment relief options to those impacted by the wildfires and is also matching donations from U.S. employees made to nonprofits like The American Red Cross.
AT&amp;T (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>): The telecommunications company <a href="https://about.att.com/pages/disaster-recovery/california-fires">waived </a>overage charges and is offering unlimited talk, text and data through Feb. 6, 2025 to customers in the impacted areas.
T-Mobile (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMUS#NASDAQ">TMUS</a>): The telecommunications company <a href="https://www.t-mobile.com/news/network/t-mobile-stands-prepared-as-wildfires-impact-southern-california">providing</a> free Wi-Fi and device charging at some retail stores in the area as well as Wi-Fi at command posts. The company is also offering unlimited talk, text and data to customers in the impacted area through Jan. 15.
DoorDash (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DASH#NASDAQ">DASH</a>): The food delivery company <a href="https://about.doordash.com/en-us/news/los-angeles-wildfires-2025">offered </a>$150,000 in community credits to first responders and organizations on the ground in the impacted regions, allowing people helping with the efforts and displaced from their homes to get food and essential supplies quickly. The company is providing relief grants for local restaurants through the Restaurant Disaster Relief Fund. A total of $250,000 is also available through the Dasher Relief Fund for eligible drivers in the region impacted by the fire.
Read Next: 
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<li><a href="https://www.benzinga.com/general/entertainment/25/01/42888380/los-angeles-fires-shut-down-production-of-tv-shows-fallout-abbott-elementary-hacks-film-premieres-canceled-critics-choice-awards-delayed">Los Angeles Fires Shut Down Production Of TV Shows &#8216;Fallout,&#8217; &#8216;Abbott Elementary,&#8217; &#8216;Hacks&#8217;; Film Premieres Canceled, Critics Choice Awards Delayed</a></li>
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Photo: Shutterstock

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SpaceX, Apple, Airbnb And More Companies Pitch In To Support California Residents After Wildfires: 'We Want To Help'

Uber Technologies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>)&nbsp;and&nbsp;Lyft&nbsp;Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>)&nbsp;have bounced back on <a target="_blank" href="https://www.benzinga.com/topic/robotaxi" rel="noreferrer noopener">their robotaxi ambitions</a>, albeit with a twist.
The ride-hailing giants restructured their businesses to accommodate competitors who have cracked the code, the Wall Street Journal <a target="_blank" href="https://www.wsj.com/tech/uber-lyft-self-driving-taxis-a3659c9c" rel="noreferrer noopener">reports</a>.
Under their new strategy, Uber and Lyft will gain a percentage of driverless taxi bookings while taking charge of maintaining the fleet.
Also Read: <a target="_blank" href="https://www.benzinga.com/24/12/42729529/social-media-stocks-react-as-trump-targets-censorship-and-delays-tiktok-ban" rel="noreferrer noopener">Trump Administration to Challenge Social Media Censorship, Setting Stage for Conflict with EU Regulations</a>
Meanwhile, robotaxi companies will get to tap the ride-sharing giants&#8217; customer base.&nbsp;
Both companies will start offering autonomous cars from&nbsp;Alphabet Inc&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>)&nbsp;Waymo on their apps in 2025.
Uber and Lyft had shelved their self-driving car ambitions in the face of the 2020 pandemic.
<a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/42046316/trump-set-to-hand-musk-golden-path-for-tesla-after-reversing-course-on-autonomous-vehicle-ban" rel="noreferrer noopener">Reports indicating President-elect</a> Donald Trump&#8217;s positive stance on autonomous vehicles also acted as a breather for companies indulging in the sector.
Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) chief&nbsp;Elon Musk&nbsp;expects the EV giant&#8217;s <a target="_blank" href="https://www.benzinga.com/24/12/42642606/elon-musk-wants-to-raise-a-tesla-fleet-expert-estimates-vehicle-owners-can-make-40kyear-but-remains-doubtful" rel="noreferrer noopener">robotaxi fleet to</a> function like a&nbsp;combination of Airbnb, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABNB#NASDAQ">ABNB</a>) and Uber. The Future Fund&#8217;s Gary Black expects vehicle owners to make $40000 annually by renting EVs to the robotaxi fleet.
Google chief&nbsp;Sundar Pichai&nbsp;touted Tesla as <a target="_blank" href="https://www.benzinga.com/24/12/42503675/alphabet-ceo-sundar-pichai-names-tesla-as-main-competitior-to-its-waymo-robotaxi-unit" rel="noreferrer noopener">Waymo&#8217;s main competitor</a>.
Bank of America&#8217;s John Murphy&nbsp;expects Tesla&#8217;s <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/42856115/tesla-analyst-on-high-stakes-future-optimus-robotaxi-fsd-have-potential-but-execution-risks-loom" rel="noreferrer noopener">robotaxi segment to</a> account for 50% of the EV company&#8217;s valuation and be worth $420 billion in the U.S. and over $800 billion globally.
Price Actions: UBER stock is up 0.50% at $66.64 at last check Tuesday. LYFT is up 0.52%.
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Photo by Sean Leonard on Shutterstock

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Uber and Lyft Adapt Robotaxi Strategy to Compete in Tesla and Waymo's Space

New York City&#8217;s congestion toll program launched on Sunday, adding new fees for drivers and rideshare customers. Uber Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) and LYFT, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>) lobbied in favor of congestion tolls and are positioned to benefit<a href="https://www.benzinga.com/news/global/25/01/42806918/new-york-citys-historic-congestion-pricing-starts-sunday-uber-and-lyft-passengers-to-pay-for-entering-manhattan"> from the new fees. </a>
What To Know: The new congestion toll program is intended to reduce traffic congestion, improve air quality and raise funds for the city's mass transit system. Most drivers entering Manhattan&#8217;s Congestion Relief Zone, south of 60th Street, will be charged a $9 toll during peak hours while rideshare services will be charged significantly less $1.50 per vehicle. 
Read Next: <a href="https://www.benzinga.com/25/01/42821300/biden-set-to-ban-future-offshore-oil-drilling-4-stocks-to-watch">Biden Set To Ban Future Offshore Oil Drilling: 4 Stocks, 2 ETFs To Watch</a>
According to <a href="https://nypost.com/2025/01/04/us-news/uber-lyft-spent-millions-pushing-for-nyc-congestion-pricing-and-stand-to-make-killing/">a report </a>from the New York Post, Uber and Lyft have spent millions of dollars lobbying in favor of the congestion toll program and stand to benefit from its rollout.
According to the New York Post report, Lyft contributed $18,500 in each of the last four years to Gov. Kathy Hochul's campaign, which championed the new congestion tolls. The Post also reported that Uber spent $2 million between 2015 and 2019 to promote congestion tolls. 
Why It Matters: Uber and Lyft are passing the additional fee to the customer so the increased tolls will not directly affect the companies' bottom lines. The companies could also benefit from reduced traffic leading to faster service and from drivers switching to ridesharing services in order to avoid higher tolls.&nbsp;
Lyft announced it is refunding the new $1.50 congestion fee in the form of a credit for future trips for all rides completed in the month of January.&nbsp;
"Since 2019 rideshare riders have already paid a $2.75 congestion fee to the MTA for rides that start, end or pass through a separate congestion zone that begins below 96th Street in Manhattan. We don't think riders should be double taxed, and we lobbied hard for them to be exempt from this new additional $1.50 congestion fee," the company said in <a href="https://www.lyft.com/blog/posts/navigating-the-new-nyc-congestion-fee-with-lyft">a statement</a> released last week.&nbsp;
Josh Gold, a Uber spokesman, told the New York Post that the company was "early supporters of congestion pricing" but "government can't continue to raise prices and fees on New Yorkers and expect no consequences."
The full impact of congestion tolling on the rideshare services will become clearer as future ridership figures come in.&nbsp;
Read More:&nbsp;
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<li><a href="https://www.benzinga.com/25/01/42768507/china-slaps-export-restrictions-on-dozens-of-us-companies-boeing-lockheed-martin-general-dynamics-raytheon-affected">China&#8217;s Export Crackdown Hits Boeing, Lockheed Martin And More&nbsp;</a></li>
</ul>
Photo: Shutterstock

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Uber, Lyft Could Gain From New York City Congestion Pricing They Championed

Editor's Note: This article has been updated to emphasize Benchmark's Monday analyst upgrade.
Lyft Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>) received an upgrade Monday from <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58d3cdb7b85e930001808a59/daniel-kurnos">Benchmark analyst Daniel Kurnos,</a> who raised the stock from Hold to Buy with a price target of $20, citing increasing evidence to &#8220;buy into the story&#8221; as the company builds on momentum from its <a href="https://www.benzinga.com/quote/LYFT/earnings">third-quarter results.</a>
Kurnos pointed to strong holiday performance, new partnership wins, and the expansion of Lyft's Price Lock platform as key drivers of future growth. He also highlighted the company's Flexdrive platform as a strategic asset, positioning Lyft to participate in the autonomous vehicle market regardless of how the industry evolves.
The upgrade comes as Lyft continues to gain attention for a $100 million lawsuit filed late last month against San Francisco, alleging the city overcharged its <a href="https://www.benzinga.com/24/12/42676801/lyft-sues-san-francisco-over-100-million-tax-bill-citing-misclassification-of-driver-payments">ride-hailing services in taxes.</a>
The Lyft Thesis: There are indications of the company performing "particularly well" during the primetime holiday hours, while benefiting from recent partnership wins, Kurnos said in the upgrade note.
Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.
Lyft could face ongoing pressure from robotaxi leaders Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and privately held Waymo, the analyst stated. He added, however, that Lyft could benefit from:
<ul>
<li>Upside to rider metrics from the company's decision to reduce surge pricing while continuing with its Price Lock platform expansion</li>
<li>Lyft expanding via partnerships, "both on the traditional and AV fronts, with prior partnerships also likely to produce near-term upside to metrics"</li>
<li>Lyft's domestic focus and lower share means they both have less at risk in North America and everything to play for globally</li>
<li>Lyft's Flexdrive platform seems suited to allow the company to be "an AV participant regardless of how the market evolves"</li>
</ul>
"Lyft's FCF inflection and forthcoming GAAP EPS inflection could usher in new potential shareholders, especially when (not if) Lyft turns its focus from debt paydown to capital returns," Kurnos further wrote.
LYFT Price Action: Shares of Lyft were up 2.59% to $14.64 at the time of publication Monday.
Read More: 
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<li><a href="https://www.benzinga.com/news/global/25/01/42806918/new-york-citys-historic-congestion-pricing-starts-sunday-uber-and-lyft-passengers-to-pay-for-entering-manhattan">New York City&#8217;s Historic Congestion Pricing Starts Sunday, Uber And Lyft Passengers To Pay For Entering Manhattan</a></li>
</ul>
Photo: Shutterstock

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Lyft Analyst Says 'Buy Into The Story' Despite Tesla, Waymo Competition (UPDATED)

WIIM

Lyft shares are trading higher after Benchmark upgraded the stock from Hold to Buy.

Wedbush analyst Scott Devitt maintains Lyft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>) with a Neutral and lowers the price target from $20 to $18.

Wedbush Maintains Neutral on Lyft, Lowers Price Target to $18

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Piper Sandler analyst Brent Bracelin upgraded the rating for Asana, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASAN#NYSE">ASAN</a>) from Neutral to Overweight and raised the price target from $19 to $27. Asana shares closed at $20.61 on Friday. <a href="https://www.benzinga.com/quote/ASAN/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Barclays analyst David Strauss upgraded The Boeing Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) from Equal-Weight to Overweight and raised the price target from $190 to $210. Boeing shares closed at $169.90 on Friday. <a href="https://www.benzinga.com/quote/BA/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Leerink Partners analyst Michael Cherny upgraded Quest Diagnostics Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DGX#NYSE">DGX</a>) from Market Perform to Outperform and raised the price target from $169 to $174. Quest Diagnostics shares closed at $151.92 on Friday. <a href="https://www.benzinga.com/quote/DGX/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>RBC Capital analyst Jonathan Atkin upgraded the rating for AT&amp;T Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>) from Sector Perform to Outperform and boosted the price target from $22 to $26. AT&amp;T shares closed at $22.67 on Friday. <a href="https://www.benzinga.com/quote/T/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Benchmark analyst Michael Ward upgraded Lyft, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>) from Hold to Buy and maintained the price target of $20. Lyft shares closed at $14.27 on Friday. <a href="https://www.benzinga.com/quote/LYFT/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying BA stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="569" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/06105631/image-2-10-1024x569.png" alt="" class="wp-image-720020" style="width:695px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/06105631/image-2-10-1024x569.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/06105631/image-2-10-300x167.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/06105631/image-2-10-768x427.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/06105631/image-2-10.png 1130w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read This Next: 
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</ul>

Markets

ASAN

This Boeing Analyst Turns Bullish; Here Are Top 5 Upgrades For Monday

Benchmark analyst Michael Ward upgrades Lyft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>) from Hold to Buy and maintains the price target from $20 to $20.

Benchmark Upgrades Lyft to Buy, Maintains Price Target to $20

New York City is poised to become the first U.S. city to implement congestion pricing, with drivers facing new tolls to enter Manhattan&#8217;s central business district starting Sunday. The groundbreaking initiative aims to tackle urban congestion and fund public transit improvements.
Under the plan championed by Gov. Kathy Hochul, passenger vehicles with E-ZPass will pay $9 during peak hours (5 a.m. to 9 p.m. weekdays, 9 a.m. to 9 p.m. weekends) to enter Manhattan south of Central Park. Non-E-ZPass users will pay $13.50. Overnight rates drop to $2.25 and $3.30 respectively, <a href="https://apnews.com/article/new-york-congestion-tolls-123ad0724cddfd061fb3e5a573d8417a">reported</a> Associated Press.
The program follows successful models in London, Stockholm, and Singapore. While environmental and transit advocates support the measure for its potential to reduce pollution and fund mass transit, it has faced legal challenges, including a recent unsuccessful attempt by New Jersey to block implementation.
Some relief is available through credits of up to $3 for drivers using major tunnels and bridges. The plan also offers exemptions for emergency vehicles and people with disabilities, while low-income drivers can qualify for 50% discounts after ten monthly trips.
For-hire vehicle passengers will pay surcharges ranging from 75 cents for taxis to $1.50 for rideshare services like Uber Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) and Lyft Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>).
Read Next: 
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<li><a href="https://www.benzinga.com/markets/equities/25/01/42806823/waymo-robotaxi-circles-phoenix-airport-parking-lot-passengers-get-a-bonus-tour-they-didnt-ask-for">Waymo Robotaxi Circles Phoenix Airport Parking Lot, Passengers Get A Bonus Tour They Didn&#8217;t Ask For</a></li>
</ul>
Image Via Shutterstock 
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Equities

Global

New York City's Historic Congestion Pricing Starts Sunday, Uber And Lyft Passengers To Pay For Entering Manhattan

<a href="https://www.theinformation.com/articles/predictions-2025-amazon-will-buy-lyft">https://www.theinformation.com/articles/predictions-2025-amazon-will-buy-lyft</a>
&nbsp;

AMZN

Watching Lyft; Shares See A Pop To The Upside After The Information Posts 'Predictions 2025: Amazon Will Buy Lyft'

Lyft Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>) filed a lawsuit against San Francisco, accusing the city of overcharging the ride-hailing services company by $100 million in taxes from 2019 to 2023. 
Lyft argues that the city has misclassified the payments made by passengers to drivers as company revenue, which is not how Lyft operates, <a href="https://www.bloomberg.com/news/articles/2024-12-24/lyft-accuses-san-francisco-of-overcharging-100-million-in-taxes">reported</a> Bloomberg on Tuesday. 
According to the company, Lyft generates revenue through fees paid by the drivers, not passenger payments, aligning with the U.S. Securities and Exchange Commission&#8217;s treatment of driver compensation. 
The dispute highlights ongoing challenges within the gig economy, as companies like Lyft and Uber Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) face scrutiny over their contractor models. Lyft seeks refunds, including penalties and interest, for the overcharged taxes.
Read Next: 
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<li><a href="https://www.benzinga.com/24/12/42676432/cathie-woods-pre-christmas-sale-ark-invest-dumps-even-more-tesla-palantir-stock">Cathie Wood&#8217;s Pre-Christmas Sale: Ark Invest Dumps Even More Tesla, Palantir Stock</a></li>
</ul>
Image Via Shutterstock

Lyft Sues San Francisco Over $100 Million Tax Bill, Says Payments To Drivers By Passengers Misclassified

Lyft's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NYSE">LYFT</a>) short percent of float has fallen 21.85% since its last report. The company recently reported that it has 39.46 million shares sold short, which is 11.41% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.81 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Lyft Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1734702323_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Lyft has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Lyft's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Lyft's peer group average for short interest as a percentage of float is 9.79%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

How Is The Market Feeling About Lyft?

Cathie Wood, CEO of ARK Invest, suggests Tesla Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) entry into the robotaxi market could trigger a swift transformation of the ride-hailing industry, pointing to Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) subsidiary Google-backed Waymo&#8216;s recent <a href="https://www.benzinga.com/markets/equities/24/12/42347027/waymo-announces-expansion-to-miami-how-soon-will-self-driving-cars-hit-the-magic-city">success in San Francisco as evidence</a>.
What Happened: Wood&#8217;s comments on X, formerly Twitter, came after data shared by Alex Immerman, Partner at Andreessen Horowitz showed Waymo had matched Lyft Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>) market share in San Francisco, reaching 22% of rides within its operating boundary. Uber Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NASDAQ">UBER</a>) leads with 55% of the market.
&#8220;When Tesla&#8217;s solution enters the market next year, the transition is likely to shift from &#8216;slowly, slowly&#8217; to &#8216;all at once,'&#8221; Wood wrote on Sunday.
ARK Investment Management projects Tesla&#8217;s driverless ride-hailing service could <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41593922/cathie-woods-ark-invest-sees-tesla-unlocking-11-trillion-revenue-potential-with-rob">unlock $11 trillion in revenue potential</a>. The firm estimates Tesla&#8217;s robotaxi rides could cost consumers $0.25 per mile, significantly below current ride-hail costs of about $2 per mile.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">With a tiny fraction of cars compared to Uber and Lyft, Waymo is beginning to disrupt the raid-hail market in San Francisco. When $TSLA's solution enters the market next year, the transition is likely to shift from "slowly, slowly" to "all at once". Can't wait! <a href="https://t.co/IkZ3mdohyl">https://t.co/IkZ3mdohyl</a>
&mdash; Cathie Wood (@CathieDWood) <a href="https://twitter.com/CathieDWood/status/1868104910975410283?ref_src=twsrc%5Etfw">December 15, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/trading-ideas/movers/24/12/42500721/bitcoin-breaks-106k-ethereum-dogecoin-rally-ahead-of-key-fed-meet-but-top-analyst-triggers-anxiety-with-this-observation">Bitcoin Breaks $106K, Ethereum, Dogecoin Rally Ahead Of Key Fed Meet But Top Analyst Triggers Anxiety With This Observation</a>
Why It Matters: Tesla CEO Elon Musk announced plans to launch ride-hailing services in Texas and California next year, pending regulatory approval. While initial operations may require human <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41593922/cathie-woods-ark-invest-sees-tesla-unlocking-11-trillion-revenue-potential-with-rob">drivers in some states</a>, Musk expects to operate driverless paid rides in 2025.
The company recently unveiled its purpose-built robotaxi, the Cybercab, scheduled for production before 2027. Until then, Tesla plans to use its Model 3 and Model Y vehicles for the ride-hailing fleet.
However, some analysts remain cautious. Gary Black, managing partner at The Future Fund LLC, excludes robotaxi revenue from his Tesla valuations until competitive dynamics become clearer. 
Black expects multiple automakers to receive approval for unsupervised autonomy simultaneously, suggesting market dynamics will be demand-driven <a href="https://www.benzinga.com/markets/equities/24/10/41420662/gary-black-explains-why-he-doesnt-factor-in-robotaxi-or-optimus-to-tesla-valuation-investors-may">rather than supply-controlled</a>.
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Photo courtesy of Tesla.
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Ark Invest's Cathie Wood Predicts Rapid Robotaxi Market Shift As Waymo Gains On Lyft In San Francisco

Uber Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) and Lyft Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>) shares are trading lower Wednesday following General Motors' announcement that it is winding down its Cruise Robotaxi division. Here&#8217;s <a href="https://www.benzinga.com/topic/autonomous-vehicles">what you need to know.</a>
What To Know: Analysts at Bernstein expressed concerns over the implications for rideshare companies like Uber and Lyft, suggesting the news negatively impacts the broader autonomous vehicle (AV) market.
Daniel Roeska stated that GM's decision to integrate Cruise&#8217;s technology into its personal vehicle systems, such as Super Cruise, casts uncertainty over Uber's previously announced AV partnership with Cruise. He noted that the move shifts the financial burden of AV development onto Uber if the company wishes to continue pursuing similar technology, which he described as "an unrealistic and undesirable scenario" for Uber at this stage.
Nikhil Devnani added that GM's exit from the robotaxi business raises doubts about the scalability and economic viability of AV technology. He said that GM's decision highlights the challenges of operating and maintaining robotaxi fleets, as well as the significant capital required to scale such networks.
Both analysts emphasized that the winding down of Cruise disrupts the AV partnership ecosystem, consolidating the market further. Companies like Waymo and Tesla, which continue to scale despite high costs, now face less competition. Devnani said the news creates uncertainty for Uber's AV ambitions, which is likely contributing to the stock&#8217;s sharp decline.
The sell-off reflects investor concerns about Uber's potential exposure to the risks and costs of autonomous technology development in the wake of GM's decision. Lyft Inc. shares are also under pressure for similar reasons.
Price Action: Uber shares were down 4.43% at $62.09 and Lyft shares were down 3.97% at $15.55 at the time of writing, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro.</a>
Image Via Shutterstock.

Uber And Lyft Shares Are Falling Wednesday: What's Going On?

Uber and Lyft shares are trading lower. Bernstein analysts viewed GM's winding down of Cruise as negative for the companies.

Investors with a lot of money to spend have taken a bearish stance on Lyft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with LYFT, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 16 uncommon options trades for Lyft.
This isn't normal.
The overall sentiment of these big-money traders is split between 31% bullish and 50%, bearish.
Out of all of the special options we uncovered, 12 are puts, for a total amount of $1,158,427, and 4 are calls, for a total amount of $152,235.
<h3>Predicted Price Range</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $12.0 to $19.0 for Lyft over the recent three months. 
<h3>Insights into Volume &amp; Open Interest</h3>
In terms of liquidity and interest, the mean open interest for Lyft options trades today is 3793.43 with a total volume of 42,843.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Lyft's big money trades within a strike price range of $12.0 to $19.0 over the last 30 days.
<h3>Lyft Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1733931955_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th align="right">Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>LYFT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$2.32</td>
<td>$2.26</td>
<td>$2.32</td>
<td>$16.00</td>
<td>$252.6K</td>
<td align="right">68</td>
<td>5.9K</td>
</tr>
<tr>
<td>LYFT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$2.3</td>
<td>$2.27</td>
<td>$2.3</td>
<td>$16.00</td>
<td>$153.1K</td>
<td align="right">68</td>
<td>5.8K</td>
</tr>
<tr>
<td>LYFT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$2.28</td>
<td>$2.24</td>
<td>$2.28</td>
<td>$16.00</td>
<td>$146.2K</td>
<td align="right">68</td>
<td>4.1K</td>
</tr>
<tr>
<td>LYFT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$2.3</td>
<td>$2.28</td>
<td>$2.28</td>
<td>$16.00</td>
<td>$121.5K</td>
<td align="right">68</td>
<td>4.9K</td>
</tr>
<tr>
<td>LYFT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>02/21/25</td>
<td>$2.03</td>
<td>$1.97</td>
<td>$2.02</td>
<td>$16.00</td>
<td>$87.2K</td>
<td align="right">68</td>
<td>899</td>
</tr>
</tbody>
</table>

<h3>About Lyft</h3>
Lyft is the second-largest ride-sharing service provider in the us and Canada, connecting riders and drivers over the Lyft app. Incorporated in 2013, Lyft offers a variety of rides via private vehicles, including traditional private rides, shared rides, and luxury ones. Besides ride-share, Lyft also has entered the bike- and scooter-share market to bring multimodal transportation options to users.
In light of the recent options history for Lyft, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Lyft's Current Market Status</h3>
<ul>
<li>With a trading volume of 8,673,419, the price of LYFT is down by -7.94%, reaching $14.9.</li>
<li>Current RSI values indicate that the stock is may be approaching oversold.</li>
<li>Next earnings report is scheduled for 62 days from now.</li>
</ul>
<h3>What Analysts Are Saying About Lyft</h3>
2 market experts have recently issued ratings for this stock, with a consensus target price of $24.5.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Maintaining their stance, an analyst from Loop Capital continues to hold a Buy rating for Lyft, targeting a price of $23. 
&#x2A; An analyst from Tigress Financial has decided to maintain their Buy rating on Lyft, which currently sits at a price target of $26. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Lyft, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Options

Lyft Unusual Options Activity For December 11

Taylor Swift's record-breaking Eras Tour came to an end Sunday night with its final show in Vancouver, Canada. Here's a look back at the most profitable <a href="https://www.benzinga.com/general/entertainment/24/12/42325116/2024-was-worlds-taylor-swift-era-once-again-spotify-reveals-top-artists-songs-albums-podcasts">concert tour in history.&nbsp;</a>
What To Know: Swift's Eras Tour began on March 17, 2023 and spanned over 149 shows across five continents. Each concert featured a runtime of approximately 3.5 hours, with more than 40 songs divided into 10 acts representing each of Swift&#8217;s studio albums.
The Eras Tour is expected to be named the highest-grossing tour of all time, with an estimated gross of more than $2 billion.
Read More: <a href="https://www.benzinga.com/general/social-media/24/12/42378469/anthony-scaramucci-compares-trumps-fbi-pick-kash-patel-to-matt-gaetz">Anthony Scaramucci Compares Trump&#8217;s FBI Pick, Kash Patel, To Matt Gaetz</a>
Record-Breaking Revenue: The positive impact of the Eras Tour on local and national economies has been dubbed the "Swift Effect."&nbsp;&nbsp;
The tour is estimated to have generated close to $5 billion in consumer spending in the U.S. alone, with fans reportedly spending between $1,300 and $1,500 per show on tickets, travel, merchandise and dining, <a href="https://www.washingtonpost.com/business/2023/10/13/taylor-swift-eras-tour-money-jobs/">according </a>to The Washington Post. 
The Federal Reserve Bank of Philadelphia said that Swift's concerts <a href="https://www.federalreserve.gov/monetarypolicy/beigebook202307.htm">drove</a> the strongest month for hotel revenue in Philadelphia since the onset of the pandemic, in large part due to an influx of concertgoers in the city. 
Lyft, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NYSE">LYFT</a>) conducted a <a href="https://www.lyft.com/blog/posts/eras-tour-taylor-swift-economy-local">study </a>across the 23 U.S. cities where Swift performed in 2023 and 2024. The study found that when a city hosted an Eras concert, the number of total Lyft rides went up an average of 8.2% on that day. 
What's Next: Swift released the &#8220;Eras Tour Book&#8221; on Black Friday, exclusively at Target Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>) featuring photos and behind-the-scenes stories and images from the tour. The book sold 814,000 copies over the Black Friday shopping weekend, according to data from Circana<a href="https://apnews.com/article/taylor-swift-eras-book-sales-2024-record-c40605042af98eac2e9a7897a4bc2d73"> reported</a> by the Associated Press.
Swift has reportedly been working on new songs while on tour, with expectations for a new release in 2025. She is also expected to continue re-recording her earlier albums, with "Reputation (Taylor&#8217;s Version)" and her self-titled debut anticipated to be released in 2025.&nbsp;
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/24/12/42370672/sofi-makes-spacex-accessible-for-retail-investors">SoFi Unlocks SpaceX Exposure For Retail Investors: Here&#8217;s How</a></li>
</ul>
Image: Shutterstock&nbsp;

Entertainment

Taylor Swift's Record-Breaking Eras Tour Wraps: A Look At The Numbers

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Changing employment preferences and blending income opportunities with personal freedom have fueled the gig economy's rapid growth. Thus, investors can explore stable gig economy stocks, DoorDash (DASH), Upwork (UPWK), and Fiverr (FVRR), which are transforming how work gets done. Read on… The gig economy market has witnessed an impressive surge in recent years, driven by the sweeping wave of digitization reshaping businesses and services. As technology bridges gaps like never before, the demand for flexible, on-demand labor skyrockets, offering businesses the agility to adapt swiftly to market needs.
Amid this backdrop, investors could consider buying fundamentally stable gig economy stocks DoorDash, Inc. (<a href="https://stocknews.com/stock/DASH/">DASH</a>), Upwork Inc. (<a href="https://stocknews.com/stock/UPWK/">UPWK</a>) and Fiverr International Ltd. (<a href="https://stocknews.com/stock/FVRR/">FVRR</a>). These companies are actively transforming the workforce and are well-positioned to capitalize on the growth of the gig economy market.
The <a href="https://www.weforum.org/stories/2024/11/what-gig-economy-workers/">gig economy</a> is not just a trend but a revolution redefining how people work. In this dynamic ecosystem, independent contractors and freelancers take center stage, filling temporary and part-time roles. From ride-hailing apps to food delivery services, this innovative model drives productivity and employment growth globally.
In 2024 alone, the gig economy reached a staggering <a href="https://www.businessresearchinsights.com/market-reports/gig-economy-market-102503">market size of $556.7 billion</a>. By 2032, this number is projected to skyrocket to $1.85 trillion. <a href="https://velocityglobal.com/resources/blog/gig-economy-statistics/">More than 59 million American</a> citizens, 36% of the U.S. workforce, have embraced freelance work, reshaping the employment landscape and breaking conventional job norms.
This exponential growth stems from multiple factors. The rise of delivery applications now connects gig workers with countless homes for food and product deliveries. Flexible working hours appeal to those juggling responsibilities while rising living costs push many to seek income beyond traditional 9-to-5 employment.
According to a report by Business Research Insights, the global gig economy market size is expected to reach $1.85 trillion in 2032, growing at a <a href="https://www.businessresearchinsights.com/market-reports/gig-economy-market-102503">CAGR of 16.2%</a>.
Now, let us dive deep into the fundamentals of three gig economy stocks, starting with #3.
Stock #3: DoorDash, Inc. (<a href="https://stocknews.com/stock/DASH/">DASH</a>)
DASH operates a commerce platform connecting merchants, consumers, and independent contractors. The company operates DoorDash Marketplace and Wolt Marketplace, which offer services like customer acquisition, demand generation, order fulfillment, merchandising, payment processing, and customer support.
On November 26, 2024, DASH Canada and Walmart Inc. (<a href="https://stocknews.com/stock/WMT/">WMT</a>) Canada <a href="https://ir.doordash.com/news/news-details/2024/Walmart-Canada-and-DoorDash-Canada-Join-Forces-To-Bring-Everyday-Low-Prices-To-More-Canadians/default.aspx">announced a collaboration</a> to provide Canadians across the country with on-demand access to grocery and general merchandise essentials. The collaboration aims to deliver affordable and convenient shopping options through the DASH app and ensure stable user growth for the company.
On October 30, 2024, DASH <a href="https://ir.doordash.com/news/news-details/2024/DoorDash-and-Lyft-Partner-to-Unlock-Exclusive-Benefits/default.aspx">announced a partnership</a> with Lyft (<a href="https://stocknews.com/stock/LYFT/">LYFT</a>) to offer monthly rideshare benefits for DashPass members at no additional cost and a free trial of DashPass for eligible LYFT riders. The partnership could drive customer growth for both companies and bring in new revenue streams through free trial offerings.
For the fiscal 2024 third quarter that ended September 30, DASH's revenue increased 25% year-over-year to $2.71 billion. Its <a href="https://www.investopedia.com/terms/o/operatingincome.asp">income from operations</a> came in at $107 million, compared to a loss of $108 million in the previous year's quarter.
Additionally, net income attributable to DASH was reported to be $162 million compared to a net loss of $73 million in the previous year's quarter. Moreover, net income per share attributable to DASH Class A and Class B common stockholders amounted to $0.38 compared to a loss per share of $0.19 in the previous year's quarter.
Analysts expect DASH's revenue and EPS for the fiscal fourth quarter that ended December 2024 to increase 23.3% and 122.4% year-over-year to $2.84 billion and $0.94, respectively. The company topped the consensus revenue estimates in all four trailing quarters, which is impressive.
Shares of DASH have surged 58.8% over the past six months and 76.9% over the past year to close the last trading session at $170.65.
DASH <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect its sound fundamentals. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
DASH has an A grade for Growth and a B for Sentiment and Quality. Within the B-rated <a href="https://stocknews.com/category/internet-services/">Internet - Services</a> industry, DASH is ranked #8 out of 24 stocks.
In addition to the POWR Rating highlighted above, you can check DASH's ratings for Stability, Momentum, and Value <a href="https://stocknews.com/stock/DASH/">here</a>.
Stock #2: Upwork Inc. (<a href="https://stocknews.com/stock/UPWK/">UPWK</a>)
UPWK operates a work marketplace that connects businesses with various independent professionals and agencies. Its work marketplace provides access to talent with various skills across a range of categories like administrative support, sales and marketing, design and creative, customer service, and more.
On October 16, 2024, UPWK <a href="https://investors.upwork.com/news-releases/news-release-details/upwork-expands-ai-innovation-and-unveils-new-solutions-better">enhanced Uma's AI capabilities</a>, boosting business-freelancer collaboration and productivity. The innovation strengthens UPWK's competitive edge, attracting more users and driving growth. By delivering superior outcomes tailored to diverse needs, the company is positioned as a leader in the AI revolution.
On August 1, 2024, UPWK <a href="https://investors.upwork.com/news-releases/news-release-details/beeline-and-upwork-announce-strategic-partnership-deliver">partnered with Beeline</a>, a top technology provider, to streamline hiring and centralize contingent workforce management. The collaboration offers enterprises an end-to-end solution to source, hire, and engage highly skilled independent professionals, enhancing efficiency and positioning UPWK as a key player in workforce innovation.
For the fiscal 2024 third quarter that ended September 30, UPWK's total revenue increased 10.3% year-over-year to $193.78 million. Its non-GAAP income from operations increased 35.6% from the year-ago value to $39.96 million.
Furthermore, the company's non-GAAP net income and non-GAAP EPS rose 35.6% and 38.1% from the prior year's quarter to $39.16 million and $0.29, respectively.
Street expects UPWK's revenue and EPS for the fiscal year that ended December 2024 to increase 10.1% and 95.8% year-over-year to $758.89 million and $1.02, respectively. Additionally, the company surpassed the consensus revenue and EPS estimates in all four trailing quarters, which is noteworthy.
UPWK's shares have surged 59.8% over the past three months to close the last trading session at $16.41.
UPWK's robust prospects are reflected in its POWR Ratings. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
UPWK has a B grade for Growth, Value, and Quality. Within the Internet - Services industry, it is ranked #3 out of 24 stocks.
To access UPWK's Momentum, Stability, and Sentiment ratings, <a href="https://stocknews.com/stock/UPWK/">click here</a>.
Stock #1: Fiverr International Ltd. (<a href="https://stocknews.com/stock/FVRR/">FVRR</a>)
Headquartered in Tel Aviv, Israel, FVRR operates an online marketplace that enables sellers to sell their services and buyers to buy them. Its platform offers its services in various categories, including graphic and design, digital marketing, writing and translation, video and animation, music and audio, programming and tech, and more.
On December 12, 2024, FVRR <a href="https://investors.fiverr.com/news-releases/news-release-details/dynamic-matching-fiverrs-new-approach-finding-freelancers">released Dynamic Matching</a>, a new AI-assisted matching tool that transforms how businesses can find and hire freelancers. Simplifying the hiring process supports user growth and strengthens FVRR's position as a leader in freelance marketplace innovation.
For the fiscal third quarter that ended September 30, 2024, FVRR's revenue increased 7.7% year-over-year to $99.63 million. Its non-GAAP gross profit rose 6.2% from the year-ago value to $83.68 million.
Additionally, the company's non-GAAP net income and non-GAAP net income per share attributable to ordinary shareholders grew 8.7% and 16.9% from the prior year's quarter to $24.61 million and $0.69, respectively.
The consensus revenue and EPS estimates of $101.39 million and $0.68 for the fiscal fourth quarter that ended December 2024 exhibit a year-over-year rise of 10.8% and 21.4%, respectively. Moreover, the company surpassed the consensus revenue estimates in each of the trailing four quarters.
FVRR's shares have surged 30.8% over the past three months and 50.5% over the past six months to close the last trading session at $32.04.
FVRR's robust fundamentals are mirrored in its POWR Ratings. The stock has an overall rating of B, translating to a Buy in our proprietary rating system.
FVRR has a B grade for Growth, Value, and Quality. Within the <a href="https://stocknews.com/category/internet/">Internet</a> industry, it is ranked #9 out of 84 stocks.
<a href="https://stocknews.com/stock/FVRR/">Click here</a> to access FVRR's ratings for Stability, Momentum, and Sentiment.
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DASH shares were unchanged in premarket trading Friday. Year-to-date, DASH has gained 1.73%, versus a -0.25% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Aanchal Sugandh</h2> <img src='https:/wp-content/uploads/2022/12/Aanchal-Sugandh_Headshot.jpg' style="float:left; padding:5px;width:125px;">Aanchal's passion for financial markets drives her work as an investment analyst and journalist. She earned her bachelor's degree in finance and is pursuing the CFA program.

She is proficient at assessing the long-term prospects of stocks with her fundamental analysis skills. Her goal is to help investors build portfolios with sustainable returns.<a href="https://stocknews.com/authors/?author=aanchal-sugandh">More...</a>The post <a href=https://stocknews.com/news/dash-upwk-fvrr-wmt-lyft-3-gig-economy-stocks-transforming-the-workforce/>3 Gig Economy Stocks Transforming the Workforce</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

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