Gary Black Takes Stock Of Lyft's Record Year With 44 Million Riders As Company Plans Mobileye Robotaxis By 2026
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 12 2025
0mins
Should l Buy AMZN?
Source: Benzinga
Lyft's Strong Performance: Lyft reported a record year in 2024, serving 44 million riders and achieving $1.6 billion in revenue for the fourth quarter, surpassing analyst expectations. The company also saw a 15% increase in gross bookings and a rise in active riders to 24.7 million.
Future of Ride-Hailing: As the ride-hailing industry evolves with autonomous vehicle strategies, Lyft plans to introduce robotaxis by 2026, while competitors like Uber and Tesla are advancing their own driverless services.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy AMZN?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on AMZN
Wall Street analysts forecast AMZN stock price to rise
44 Analyst Rating
41 Buy
3 Hold
0 Sell
Strong Buy
Current: 213.490
Low
175.00
Averages
280.01
High
325.00
Current: 213.490
Low
175.00
Averages
280.01
High
325.00
About AMZN
Amazon.com, Inc. provides a range of products and services to customers. The products offered through its stores include merchandise and content it has purchased for resale and products offered by third-party sellers. The Company’s segments include North America, International and Amazon Web Services (AWS). It serves consumers through its online and physical stores and focuses on selection, price, and convenience. Customers access its offerings through its websites, mobile apps, Alexa, devices, streaming, and physically visiting its stores. It also manufactures and sells electronic devices, including Kindle, Fire tablet, Fire TV, Echo, Ring, Blink, and eero, and develops and produces media content. It serves developers and enterprises of all sizes, including start-ups, government agencies, and academic institutions, through AWS, which offers a set of on-demand technology services, including compute, storage, database, analytics, and machine learning, and other services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Amazon Faces Challenges Amid Cloud Investment Surge
- Cloud Growth Momentum: Amazon's fourth-quarter net sales rose 14% year-over-year to $213.4 billion, demonstrating its ability to maintain double-digit growth despite its massive size, reflecting strong demand and market position in cloud computing.
- Accelerating AWS Revenue: Amazon Web Services (AWS) saw a 24% year-over-year revenue growth in Q4, up from 20% in Q3, which is particularly impressive for a business segment with over $140 billion in annual revenue, indicating sustained competitiveness in the cloud market.
- Strong Operating Cash Flow: Despite a sharp decline in free cash flow to $11.2 billion, Amazon's operating cash flow increased by 20% year-over-year to $139.5 billion, highlighting robust performance in core operations that investors should focus on as a key metric.
- Investment Opportunities and Risks: Amazon's capital expenditures surged by $50.7 billion year-over-year, leading to a decline in free cash flow; however, management remains optimistic about returns on investment, with CEO Andy Jassy noting that rapid AI capacity installation and monetization will yield attractive returns in the future.
See More
AMAZON SUBMITS PRICING TERM SHEET FOR FLOATING RATE NOTES WORTH UP TO $2.75 BILLION
- Amazon's Financial Move: Amazon has filed a pricing terms sheet for floating rate notes amounting to up to $2.75 billion.
- Purpose of the Notes: The issuance of these floating rate notes is likely aimed at raising capital for various corporate purposes.
See More
AMAZON SUBMITS PRICING TERM SHEET FOR NOTES TOTALING UP TO $34.25 BILLION - SEC FILING
- Amazon's Filing: Amazon has filed a pricing terms sheet for notes amounting to up to $34.25 billion.
- Purpose of Filing: The filing is part of a SEC (Securities and Exchange Commission) submission, indicating potential financial maneuvers or capital raising efforts by the company.
See More
AMAZON INITIATES BOND OFFERING TARGETING $37 BILLION TO $42 BILLION - BLOOMBERG NEWS
- Amazon's Bond Sale: Amazon has initiated a bond sale aimed at raising between $37 billion and $42 billion.
- Purpose of the Funds: The funds raised from this bond sale are expected to be used for various corporate purposes, including investments and operational expenses.
See More
Amazon's Zoox Partners with Uber for Autonomous Ride-Hailing
- Partnership for Robotaxis: Amazon's Zoox and Uber have announced a partnership to integrate Zoox's purpose-built robotaxis into Uber's ride-hailing network, with a rollout planned for Las Vegas in summer 2026 and Los Angeles by mid-2027, marking a significant strategic collaboration in the autonomous vehicle sector.
- Unique Vehicle Design: The Zoox robotaxi is designed from the ground up to deliver an extraordinary ride experience, as stated by Uber CEO Dara Khosrowshahi, highlighting its uniqueness in the market and potential to attract more users to Uber's platform.
- Positive Market Reaction: Retail traders have welcomed the partnership, with sentiments expressed that the deal “makes the most sense for Amazon,” indicating optimism about the future potential of autonomous taxis, which could drive stock price increases for both Amazon and Uber.
- Strategic Implications: This collaboration not only enhances Uber's competitive edge in the autonomous driving space but also provides Zoox with an opportunity to penetrate a broader market, likely fostering synergies in technological innovation and market expansion for both companies.
See More
Investment Opportunities in Amazon and Target
- AWS Growth: Amazon's cloud computing division, AWS, is projected to contribute 57% of operating income in 2025, with Q4 sales growing 23.6% year-over-year to $35.6 billion and operating income increasing 17.2% to $12.5 billion, indicating strong earnings potential despite management's forecast of capital expenditures rising from $131.8 billion to $200 billion.
- Market Share Advantage: AWS holds a leading 28% market share in Q4, ahead of Microsoft's 21% and Google's 14%, providing Amazon with a unique opportunity for future growth as generative artificial intelligence becomes more prevalent, despite the pressure from higher expenses.
- Target's Strategic Shift: New CEO Michael Fiddelke aims to return Target to its core merchandising strategy, enhancing online and in-store customer experiences, with expectations for a slight increase in same-store sales and an operating margin rise from 4.6% to 4.8% this year to counteract previous sales declines.
- Valuation Appeal: Target's P/E ratio has risen from 13 to 15, yet remains below the S&P 500 multiple, indicating the stock's attractiveness, especially as it seeks to improve sales and profitability, leading investors to maintain an optimistic outlook on its future performance.
See More
Amazon Faces Challenges Amid Cloud Investment Surge
- Cloud Growth Momentum: Amazon's fourth-quarter net sales rose 14% year-over-year to $213.4 billion, demonstrating its ability to maintain double-digit growth despite its massive size, reflecting strong demand and market position in cloud computing.
- Accelerating AWS Revenue: Amazon Web Services (AWS) saw a 24% year-over-year revenue growth in Q4, up from 20% in Q3, which is particularly impressive for a business segment with over $140 billion in annual revenue, indicating sustained competitiveness in the cloud market.
- Strong Operating Cash Flow: Despite a sharp decline in free cash flow to $11.2 billion, Amazon's operating cash flow increased by 20% year-over-year to $139.5 billion, highlighting robust performance in core operations that investors should focus on as a key metric.
- Investment Opportunities and Risks: Amazon's capital expenditures surged by $50.7 billion year-over-year, leading to a decline in free cash flow; however, management remains optimistic about returns on investment, with CEO Andy Jassy noting that rapid AI capacity installation and monetization will yield attractive returns in the future.
See More
AMAZON SUBMITS PRICING TERM SHEET FOR FLOATING RATE NOTES WORTH UP TO $2.75 BILLION
- Amazon's Financial Move: Amazon has filed a pricing terms sheet for floating rate notes amounting to up to $2.75 billion.
- Purpose of the Notes: The issuance of these floating rate notes is likely aimed at raising capital for various corporate purposes.
See More
AMAZON SUBMITS PRICING TERM SHEET FOR NOTES TOTALING UP TO $34.25 BILLION - SEC FILING
- Amazon's Filing: Amazon has filed a pricing terms sheet for notes amounting to up to $34.25 billion.
- Purpose of Filing: The filing is part of a SEC (Securities and Exchange Commission) submission, indicating potential financial maneuvers or capital raising efforts by the company.
See More
AMAZON INITIATES BOND OFFERING TARGETING $37 BILLION TO $42 BILLION - BLOOMBERG NEWS
- Amazon's Bond Sale: Amazon has initiated a bond sale aimed at raising between $37 billion and $42 billion.
- Purpose of the Funds: The funds raised from this bond sale are expected to be used for various corporate purposes, including investments and operational expenses.
See More
Amazon's Zoox Partners with Uber for Autonomous Ride-Hailing
- Partnership for Robotaxis: Amazon's Zoox and Uber have announced a partnership to integrate Zoox's purpose-built robotaxis into Uber's ride-hailing network, with a rollout planned for Las Vegas in summer 2026 and Los Angeles by mid-2027, marking a significant strategic collaboration in the autonomous vehicle sector.
- Unique Vehicle Design: The Zoox robotaxi is designed from the ground up to deliver an extraordinary ride experience, as stated by Uber CEO Dara Khosrowshahi, highlighting its uniqueness in the market and potential to attract more users to Uber's platform.
- Positive Market Reaction: Retail traders have welcomed the partnership, with sentiments expressed that the deal “makes the most sense for Amazon,” indicating optimism about the future potential of autonomous taxis, which could drive stock price increases for both Amazon and Uber.
- Strategic Implications: This collaboration not only enhances Uber's competitive edge in the autonomous driving space but also provides Zoox with an opportunity to penetrate a broader market, likely fostering synergies in technological innovation and market expansion for both companies.
See More
Investment Opportunities in Amazon and Target
- AWS Growth: Amazon's cloud computing division, AWS, is projected to contribute 57% of operating income in 2025, with Q4 sales growing 23.6% year-over-year to $35.6 billion and operating income increasing 17.2% to $12.5 billion, indicating strong earnings potential despite management's forecast of capital expenditures rising from $131.8 billion to $200 billion.
- Market Share Advantage: AWS holds a leading 28% market share in Q4, ahead of Microsoft's 21% and Google's 14%, providing Amazon with a unique opportunity for future growth as generative artificial intelligence becomes more prevalent, despite the pressure from higher expenses.
- Target's Strategic Shift: New CEO Michael Fiddelke aims to return Target to its core merchandising strategy, enhancing online and in-store customer experiences, with expectations for a slight increase in same-store sales and an operating margin rise from 4.6% to 4.8% this year to counteract previous sales declines.
- Valuation Appeal: Target's P/E ratio has risen from 13 to 15, yet remains below the S&P 500 multiple, indicating the stock's attractiveness, especially as it seeks to improve sales and profitability, leading investors to maintain an optimistic outlook on its future performance.
See More
