Lyft's Ride Gets Bumpy: Earnings Expected To Fall Short While Market Shifts
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 06 2024
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Source: Benzinga
Earnings Forecast: Lyft is expected to report second-quarter earnings below analyst expectations, with projected EBITDA of $97 million and gross bookings of $4.05 billion, raising concerns about consumer trends and market share against competitors like Uber.
Market Performance: Despite the earnings outlook, Lyft's stock gained 3.03% in mid-day trading, and several ETFs tracking Lyft also saw increases, indicating some investor confidence amidst the challenges.
Analyst Views on XTN
Wall Street analysts forecast XTN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for XTN is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 99.720
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Current: 99.720
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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.
