LYFT Stock Moves Higher on Encouraging Targets for 2027
LYFTLyft(LYFT) ZACKS·2024-06-08 03:06

Shares of ride-sharing operator Lyft Inc. (LYFT) performed well on the bourse on Jun 6, 2024, closing the trading session at $15.69 per share, up 1.03% from the previous day's closing. In fact, shares were up in excess of 10% at one point of time during yesterday's trading session. The upside was due to the rosy 2027 targets offered by management at its investor day conference. Lyft anticipates gross bookings compound annual growth rate of almost 15% between 2024 and 2027. Adjusted EBITDA margin (measured a ...