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
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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.
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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: 248.280
Low
175.00
Averages
280.01
High
325.00
Current: 248.280
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.
- Cloud Growth Expectations: Bank of America raised Amazon's price target to $298, anticipating a 28% annual growth rate for Amazon Web Services (AWS), which exceeds market expectations and highlights strong demand and potential profitability in the cloud computing sector.
- AI Demand Driving Revenue: With surging demand for AI services from companies like Anthropic, AWS is projected to generate over $1 billion in a single quarter, reflecting the rapid growth of AI workloads on cloud platforms.
- Short-Term Profit Pressures: Despite strong demand for AI-related services, there may be short-term profit pressures, particularly as corporate infrastructure spending increases, prompting Amazon to implement cost-cutting measures, including layoffs, to mitigate these challenges.
- Overall Business Performance: Internal data indicates a slight increase in internet spending compared to the previous quarter, which is expected to boost overall revenue, suggesting that Amazon's core business outside of AWS is also experiencing steady growth.
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- Amazon's Stock Performance: Amazon shares have increased by 1.7% following recent developments.
- Investment in Anthropic: The company has invested up to $25 billion in Anthropic, indicating a significant commitment to AI technology.
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Amazon's Stock Performance: Amazon shares increased by 2.9% in pre-market trading.
Investment Announcement: The rise follows an announcement of a significant investment of up to $25 billion in an anthropic initiative.
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- Massive Investment Plan: Anthropic announced plans to invest over $100 billion in cloud technology over the next decade, a move that will significantly enhance its technological capabilities and drive business growth.
- Cloud Technology Strategy: This investment will focus on strengthening its cloud infrastructure, aiming to improve service quality and customer experience, thereby positioning itself more favorably in a competitive market.
- Market Impact: As demand for cloud computing continues to rise, this investment by Anthropic is expected to not only propel its own technological advancements but also have a profound impact on the industry, fostering innovation and development in related technologies.
- Long-term Vision: Through this strategic investment, Anthropic aims to become a leader in the cloud technology space over the next decade, further solidifying its market position in artificial intelligence and machine learning.
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- Stock Rebound: Chewy's stock has risen nearly 14% and 19% in the week and month ending April 20, respectively, indicating a renewed market confidence despite still being 40.64% below its 52-week high.
- Growth Potential: Chewy's revenue is steadily increasing at around 8% annually, with operating margins expected to grow by over 100 basis points this year and nearly double by 2030, highlighting its potential for improved profitability.
- Subscription Business Advantage: Chewy's autoship subscription service not only enhances customer loyalty but also provides a margin-expanding platform, as much of the advertising-driven purchases come from these orders, strengthening the company's competitive position.
- Acquisition Strategy: Chewy's acquisition of Modern Animal is projected to add over $125 million in annualized revenue and increase its physical locations from 18 to 47, showcasing its expansion potential in the pet healthcare market, which could enhance overall profitability.
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- Stock Rebound Signs: Chewy's stock has risen nearly 14% and 19% in the week and month ending April 20, respectively, indicating market optimism about its future, despite still being 40.64% below its 52-week high.
- Stable Revenue Growth: Chewy's revenue is steadily rising at an 8% rate, with significant earnings growth expected to lead to over 100 basis points increase in operating margins this year, potentially nearly doubling by 2030, indicating enhanced competitiveness in the market.
- Subscription Business Advantage: Chewy's autoship subscription service not only boosts customer loyalty but also serves as a margin-expanding platform, as a significant portion of advertising-driven purchases comes from autoship orders, further solidifying its market position.
- Acquisition Strategy: Chewy's acquisition of Modern Animal is expected to add over $125 million in annualized revenue and increase its physical store count from 18 to 47, demonstrating its ambition in expanding offline operations, which could enhance overall profitability.
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