Recommendation: Buy
| Entry Date | Symbol | Recommendation | Entry Price (USD) | Target 1 (USD) | Target 2 (USD) | Holding Duration | Position Status | Return(%)* |
|---|---|---|---|---|---|---|---|---|
| 12 Jun, 26 | LYFT | Buy | USD 13.71 | USD 14.4 | USD 15.3 | 17 days | Closed |
11.71%
|
*Return(%) represent the percentage change between the entry price and exit price of the recommendation.
Data Powered by EOD Historical Data (“EODHD”).
Lyft, Inc. operates a peer-to-peer marketplace for on-demand ridesharing in the United States and Canada. It operates multimodal transportation networks that offer access to various transportation options through the Lyft platform and mobile-based applications. The company's platform provides a ridesharing marketplace, which connects drivers with riders; Express Drive, a car rental program for drivers; and a network of shared bikes and scooters in various cities to address the needs of riders for short trips. It also offers centralized tools and enterprise transportation solutions, such as concierge transportation solutions for organizations; Lyft Pink subscription plans; Lyft Pass commuter programs; first-mile and last-mile services; and university safe rides programs. The company was formerly known as Zimride, Inc. and changed its name to Lyft, Inc. in April 2013. Lyft, Inc. was incorporated in 2007 and is headquartered in San Francisco, California.
Adjusted EBITDA Growth: Adjusted EBITDA grew 25% YoY to USD 132.8 million in Q1FY26 from USD 106.5 million in Q1FY25
Revenue Growth: Revenue increased 14% YoY to USD 1,650.5 million in Q1FY26 from USD 1,450.2 million in Q1FY25
Higher Financing Cash Outflow: Net cash used in financing activities increased to USD 366.6 million in Q1FY26 from USD 51.7 million in Q1FY25
Sales and Marketing Cost Spike: Sales and marketing expenses increased 50% YoY to USD 272.9 million in Q1FY26 from USD 182.0 million in Q1FY25
Lyft faces company-specific risks from intense rideshare competition, insurance cost volatility, driver/rider retention challenges, regulatory and litigation exposure, integration risks from international acquisitions, and execution risk in autonomous vehicle partnerships
| Entry Price | Support* | Target 1** | Target 2** |
|---|---|---|---|
| 13.71 | 12.3 | 14.4 | 15.3 |
Data Source: REFINITIV, Analysis: StockNextt
*Support can be considered as an indicative stop-loss, and if prices move below that level on closing basis individuals may evaluate exiting the position depending on their risk appetite, previous holdings, and other factors considered. The support and resistance levels may need to be re-evaluated within 4-6 weeks’ time frame depending on the stock price movements from the date of recommendation on the stock.
**Target prices may vary by ±0.5% depending on market volatility.
Rider Base Expansion: Lyft delivered solid platform growth in Q1FY26, with Active Riders rising 17% YoY to 28.3 million versus 24.2 million in Q1FY25. The increase was supported by rider engagement, improved retention, better marketplace health and international expansion. Rides also increased 8% YoY to 236.9 million, despite severe winter storms affecting more than 3 million rides.
Healthy Gross Bookings Momentum: Gross Bookings increased 19% YoY to USD 4.95 billion in Q1FY26 from USD 4.16 billion in Q1FY25, driven by international expansion, higher rideshare volume, improved marketplace health, pricing discipline and favorable mix. Management also guided Q2FY26 Gross Bookings of USD 5.30–5.43 billion, implying 18%–21% YoY growth.
Revenue Growth with Profitability Improvement: Revenue rose 14% YoY to USD 1.65 billion in Q1FY26 from USD 1.45 billion in Q1FY25. Net income improved sharply to USD 14.2 million from USD 2.6 million, supported by operating leverage and cost discipline. Net income margin improved to 0.9% of revenue from 0.2% in the prior-year period.
Adjusted EBITDA and Margin Resilience: Adjusted EBITDA increased 25% YoY to USD 132.8 million in Q1FY26 from USD 106.5 million in Q1FY25. Adjusted EBITDA margin improved slightly to 2.7% of Gross Bookings from 2.6%, helped by Gross Bookings growth outpacing total cost growth, better marketplace health and disciplined fixed-cost management.
Partnership-Led Demand Flywheel: Lyft strengthened its partnership ecosystem, with nearly 27% of North America rides linked to a partnership. DoorDash-linked rides reached a quarterly record, United MileagePlus members gained ride-payment flexibility using miles, and Southwest cardmembers could automatically earn points on eligible rides. These partnerships support rider acquisition, frequency and platform stickiness.
International and Premium Expansion: Lyft expanded its global footprint through Freenow, Puerto Rico, TBR and the acquisition of Gett’s UK business. Gett adds London black cabs and is expected to nearly double rides on Lyft’s London platform while adding margin-accretive Gross Bookings. Canada also showed momentum, with rides nearly 50% higher YoY and driver hours up about 30%.
Considering recent key business, financial updates, current trading levels, and key business risks, a ‘Buy’ recommendation has been given to Lyft, Inc (NASDAQ: LYFT) at the closing market price of USD 13.71, as on 11 June,2026.
Data Powered by EOD Historical Data (“EODHD”).
Sector: Technology Industry: Software - Application
| Company | Change (USD) | Price (USD) | Trailing PE (x) | Forward PE (x) | Price Sales TTM (x) | Price to Book Value (x) | Enterprise Value to Revenue (x) | Enterprise Value to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| LYFT LYFT Inc |
0.06 0.39% | 15.49 | - | 16.56 | 1.04 | 8.48 | 0.88 | 40.31 |
| SAPGF SAP SE |
0.002 0.0013% | 157.35 | 76.28 | 22.88 | 5.61 | 3.84 | 5.59 | 26.18 |
| SAP SAP SE ADR |
-2.85 1.80% | 155.50 | 75.80 | 22.37 | 5.62 | 3.75 | 5.51 | 25.79 |
| CRM Salesforce.com Inc |
-2.605 1.50% | 171.19 | 23.99 | 14.14 | 4.16 | 2.58 | 3.85 | 12.75 |
| INTU Intuit Inc |
0.18 0.06% | 294.00 | 55.56 | 32.68 | 11.28 | 10.07 | 11.62 | 40.11 |
Data Powered by EOD Historical Data (“EODHD”).
Markets are trading in a highly volatile zone currently due to certain macro-economic issues and prevailing geopolitical tensions. Therefore, it is prudent to follow a cautious approach while investing.
Related Risks: This report may be looked at from high-risk perspective and recommendations are provided are for a short duration. Recommendations provided in this report are solely based on technical parameters, and the fundamental performance of the stocks has not been considered in the decision-making process. Other factors which could impact the stock prices include market risks, regulatory risks, interest rates risks, currency risks, social and political instability risks etc.
Note 1: Past performance is not a reliable indicator of future performance.
Note 2: The reference date for all price data, currency, technical indicators, support, and resistance levels as on June 12, 2026. The reference data in this report has been partly sourced from REFINITIV.
Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned has been achieved and is subject to the factors discussed above.
Note 4: StockNextt reports are prepared based on the stock prices captured either from REFINITIV or Trading View. Typically, REFINITIV or Trading View may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.
Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.
Target: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Target 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Target 2 may act as the crucial resistance level for the stock.
Stop-loss: It is a level to protect further losses in case of unfavourable movement in the stock prices.
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