Lyft

LYFT

Market cap $5.65B

Ride-share drivers for app-based companies such ​as Uber and Lyft have unionized in Massachusetts, forming what state officials and labor leaders said was ‌the first officially recognized organization in the U.S. to represent such gig workers.

Lyft appears deeply undervalued, with a reverse DCF implying negative 26% free cash flow growth needed to justify current prices. LYFT's fundamentals show a non-GAAP P/E of 10.55, a GAAP P/E of 1.87, 10.55% revenue growth, and a strong ~44% net income margin. Autonomous vehicles pose a long-term threat, but the transition is expected to be gradual, and LYFT could become an acquisition target.

Uber beat Q1 EPS and forecast strong Q2 gross bookings as Mobility and Delivery demand stayed resilient despite Middle East tensions.

Lyft (LYFT 0.61%) is growing its customer base.

High gasoline prices and changing consumer behavior are pushing people away from solo driving. That creates a structural tailwind for platforms like Lyft.

Lyft's AI tool, Earnings Assistant, offers drivers tips on where and when to drive. It gives drivers another tool to maximize their earnings in a competitive industry.

Lyft remains a compelling value play, trading at just 4.2x trailing and 3.6x forward free cash flow. Strategic partnerships with DoorDash, United Airlines, and others are driving record levels of partner-linked rides and supporting market share gains. Q1 results showed 14% revenue growth and 19% gross bookings growth, with adjusted EBITDA up 25% to $133 million.

Lyft NASDAQ: LYFT executives used the company's first-quarter 2026 earnings call to highlight what CEO David Risher described as “another strong quarter,” pointing to double-digit year-over-year gains in active riders, gross bookings and adjusted EBITDA. Risher said rideshare demand “remained healthy,” with double-digit ride growth around peak events such as Valentine's Day, the Super Bowl and St. Patrick's Day, and noted that March included the company's “highest ever number of rides in a week.

Lyft Inc (NASDAQ:LYFT) shares are trading flat Friday afternoon as traders digest mixed first-quarter results that paired a revenue beat with an EPS miss. Here's what investors need to know.

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