Lyft rises on strong holiday-quarter bookings forecast

Lyft

06/11/2025 11:39

** Shares of ride-hailing firm Lyft LYFT.O rise 6.4% to $21.37 in premarket trading

** Co forecasts Q4 gross bookings between $5.01 bln and $5.13 bln, above analysts’ average estimate of $4.98 bln - data compiled by LSEG

** Freenow, its newly acquired European unit, projected to add 6 mln riders by 2026; U.S. markets drove ~70% of Q3 growth

** New partnership with United Airlines expected to boost corporate and airport travel

** CEO says "quite a bit" of future growth will come from smaller U.S. cities and college towns

** Average rating of 49 analysts on the stock is a "hold"; median PT at $21 - data compiled by LSEG

** Stock up 55.78% YTD, as of last close

(Reporting by Tharuniyaa Lakshmi in Bengaluru)

((tharuniyaa@thomsonreuters.com))