Can Uber Stock Maintain the Lift From 3,500 Layoffs?
Uber has run out of ways to attract riders while the spread of COVID-19 requires safety rules and social distancing. Revenue has collapsed.
Uber has run out of ways to attract riders while the spread of COVID-19 requires safety rules and social distancing. Revenue has collapsed.
Monday's top analyst upgrades and downgrades included AbbVie, Best Buy, Conagra Brands, Dick's Sporting Goods, General Motors, Hilton Worldwide, NetApp, Nvidia, Redfin, TJX Companies, Vale and Yelp.
Lyft is playing a defensive game, cutting costs and restructuring, but will be enough to keep the company afloat in these trying economic times?
Ride-sharing firm Lyft reported a net loss of $1.31 per share and $955.7 million in revenue after markets closed Wednesday. The consensus estimates had called for a net loss of $0.64 per…
Lyft is set to report its first-quarter financial results after the markets close on Wednesday. Analysts on average expect better results that a year ago.
Uber announced Wednesday that it plans to take more actions to cut costs in regards to the COVID-19 pandemic, including layoffs and executive pay cuts.
Shifting business models for Lyft and its main rival will be huge going forward. Lyft shares are signaling a recovery, though it still could be a bumpy ride back to normalcy.
Tuesday's top analyst upgrades and downgrades included American Airlines, Chewy, Chipotle Mexican Grill, CommScope, Eli Lilly, IBM, Lyft, Oneok, Stitch Fix, Valero Energy and Williams Companies.
Lyft shares jumped after the company said it would expand its offerings to include a range of services to help meet the needs of its customers as the coronavirus crisis forces more…
Friday's top analyst upgrades, downgrades and initiations included Accenture, American Express, Capital One, GameStop, Halliburton, JPMorgan, Kraft Heinz, Lyft, Nike, Square and Uber Technologies.
Why are these ride-sharing rivals Uber and Lyft making a run in the midst of this coronavirus pandemic? At one of them, things look to be turning around.
Lyft and its main rival have not avoided the stock market turmoil, but they could offer a solid investment vehicle out of this crisis.
Thursday's top analyst upgrades, downgrades and initiations included Akamai Technologies, Anheuser-Busch InBev, Boeing, BP, Comcast, Duke Energy, Gap, Kinder Morgan, Lyft, Occidental Petroleum, Snap, Tesla and Walt Disney.
Already challenged by questions about revenue growth, Lyft faces other challenges. It is very hard to make a case that the direction the stock goes from here is upward.
Friday's top analyst upgrades, downgrades and initiations included Advanced Micro Devices, Apple, Booking, Cisco Systems, Costco Wholesale, Kroger, Lyft, Macy's, Marvell Technology and Starbucks.