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Lyft

Lyft | LYFT | Long at $9.75First, from a technical analysis perspective, NASDAQ:LYFT has not "officially" found a bottom yet. No one can confidently state it has - their guess is as good as yours. This analysis is full of caution simply around the fact this stock could absolutely dip to below $5.00 in the future. With that said, NASDAQ:LYFT is currently the #3 travel app in the Apple store (#1 is Uber, #2 is Airbnb). It has a 4.9 (Apple) and 4.7 (Google) star rating and tens of millions of downloads. Car prices, insurance rates, parking fees, gas/electric rates, etc. are pushing more people into the rideshare environment. With a recession knocking on the US's door, the fee-for-service model will make more sense than actually owning for many. But, a recession is a recession and the market hates them... Lyft is currently the only true competitor to Uber and its earnings are likely to grow as the travel environment "modernizes" in the future. At $9.75, the stock closed all previous lower gaps on the daily chart. Currently, open price gaps (which are often good predictors of future price movement) are all above its current price. A bottom *may* be in, but see intro... I view the current price as a personal buy zone with room for additional shares if the price dips to near $5 (and fundamentals don't change). A high-growth potential stock in an ever-changing travel environment. Target #1 = $15.00 Target #2 = $22.00 Target #3 = $30.00 Target #4 = $75.00+ (long-term view...)
NASDAQ:LYFTLong
by NicksAnalysis
1
TSLA does the upcoming RoboTaxi announce change things LONGTSLA has the accouncement upcoming. Price will pump for sure. Will it then dump or change the trend altogether? The forecasts are there. The tea leaves and crystal balls will tell the rest of the story. In the meanwhile, I will take long trades to play this in the immediate term. One million taxis making $250 / per day every day per each is serious potential future growth perhaps at the expense of UBER and LYFT which may get a bearish bias in the short term on this upcoming announcement. Playing the news sometimes works.
NASDAQ:TSLALong
by AwesomeAvani
5
Lyft Shares Rise After Q1 Results but Slides 5.25%Lyft ( NASDAQ:LYFT ), a ride-hailing company, reported mixed Q1 results, with quarterly losses of 8 cents per share, which missed the analyst consensus estimate of earnings of 3 cents per share. However, quarterly sales were $1.28 billion, beating the consensus estimate of $1.16 billion by 10.02%. This represents a 27.59% increase over the same period last year. Gross bookings for the first quarter were $3.7 billion, up 21% year-over-year. CEO David Risher praised Lyft's strong start in 2024, stating that the company is executing well and bringing innovation to the market. Lyft saw second-quarter gross bookings of between $4 billion and $4.1 billion, adjusted EBITDA of between $95 million and $100 million, and an adjusted EBITDA margin of approximately 2.4%. The company remains on track to generate positive free cash flow for the full year.
NASDAQ:LYFT
by DEXWireNews
LYFT rises on news of the MSP dispute potential resolution LONGLYFT was a recent idea upload. The news regarding MSP and the dispute resolution has helped it rise off the ascending support trendline of the rising wedge pattern. The pattern may predict decreasing volatility towards price consolidation and then a break out from the wedge. In the meanwhile, I have added to my position since price is above the support trendline. The PVT indicator shows a flip out on the pullback and I see this as a good add long entry. On a low 1minute time frame. price gapped up with an engulfing candle with corresponding volume at the opening bell today. Importantly, a high volume spike also occurred in the after-market hours. My recent previous idea long on LYFT is linked here. The call option for $ 21.00 for April 19- 8DTE popped 140% today. I picked up a decent number of calls and will close them incrementally as they profit over the next week.
NASDAQ:LYFTLong
by AwesomeAvani
1
LTFT breaks out over lower VWAP bands LONGLYFT on a 15 minute chart hit a high pivot about 3/20 and then fell until April 4 where a low pivot reversal occurred. VWAP lines and a volume profile serve to support a bullish bias. LYFT will likely rise to the Fibonacci level on the chart confluent with the mean anchored VWAP or the zone of 19.25. If there is enough momentum passing through that high volume, liquidity and volatility zone it could continue and push into the 20 level. I will take a long trade here also noting the TSLA news regarding RoboTaxi has potential relevance. It is not beyond the realm of possibilities that a partnership between TSLA and LYFT and or UBER comes on the scene. This would provide a further catalyst of fundamental support for LTST's market cap.
NASDAQ:LYFTLong
by AwesomeAvani
Lyft-ing Off: Why $LYFT is Poised for a Bullish Future NASDAQ:LYFT has retested the $12 major support level and has a huge bullish momentum. The stock highly undervalued at this price and due for a major upside. First off, let's talk about the elephant in the room: the pandemic. While it's been a wild ride for ride-sharing companies, Lyft has shown resilience and adaptability. They've implemented safety measures and expanded their offerings, which has helped them weather the storm. As the world continues to recover and people start moving around more, Lyft could be in a prime position to capitalize on the pent-up demand for travel and transportation. Secondly, Lyft has been making strides in the autonomous vehicle space. They've partnered with some big names in the industry and have been testing their self-driving cars in various cities. If they can successfully integrate this technology into their platform, it could give them a competitive edge and potentially drive down costs in the long run. Lastly, let's not forget about the power of the gig economy. As more people look for flexible work options, the pool of potential drivers for Lyft grows. This could help them maintain a strong supply of drivers and keep customers happy with shorter wait times and more reliable service. As a major competitor for UBER, Lyft is highly undervalued at this price and looking to make some major moves to the upside.
NASDAQ:LYFTLong
by EgideSimba
IS UBER ready for continuation LONGUBER fell a little after good earnings. Apparently traders where disappointed. It then rallied for three days to close out the week. The following week it retraced the rally for 2-3 days and then consolidated for a week with a re-awakening of bullish momentum in the past prior trading day. From here, I believe that UBER is ready for potential push to an ATH and gain buying pressure along that way perhaps accelerated by short sellers liquidating their positions. I will take a long trade here of both shares and call options.
NYSE:UBERLong
by AwesomeAvani
LYFT - Bullish divergence on Weekly time frameLYFT has been in a crazy downtrend and it has lost over 90 % of its value from its ath. However, things start looking interesting. We can see a bullish divergence on weekly time frame which suggest a sellers exhaustion. However the downtrend is still in tact. How to trade it? You can enter long at the breakout of the falling wedge once we get it. Entering long at 8 $ could be also a way as it's close to all time low that we saw in May 2023. It would be also reasonable to buy at the downsloping support if the price goes so low. Unfortunately fundamentals are not very good for LYFT therefore this trading idea is based SOLELY on the Technical analysis. What do you think about LYFT? is it going to recover? Share your opinion in the comment section. P.S Make a note that all take profit levels are with a mid-term and long-term horizon. Good luck
NASDAQ:LYFTLong
by vf_investment
3
ACHR a penny personal air transport startup LONGACHR is a speculative penny stock with big momentum this past week for a continuation trade. The chart is a basic 2 hour chart upside 20% to all time high no revenue burning cash but improving on putting out the fire. No competition in its intended market. $5.00 strike calls for March monthly for $75 look good. Once upon a time, I had a fellow ER doc who commuted to work all the time by helicopter. Cost him some money but it added 10 hours a week onto his life. He tells me this will be huge in time when the costs and economy of scale kick in. He believe him 1000%. Buy, buy and then buy some more ( so long as you have your risk management figured out. ). Archer Aviation Inc. (NYSE: ACHR), an urban air mobility company, engages in designs, develops, manufactures, and operates electric vertical takeoff and landing aircrafts to carry passengers. The company was formerly known as Atlas Crest Investment Corp. and changed its name to Archer Aviation Inc. Archer Aviation Inc. was incorporated in 2018 and is headquartered in San Jose, California. Archer’s goal is to transform urban travel, replacing 60-90 minute commutes by car, with estimated 10-20 minute electric air taxi flights that are safe, sustainable, low noise and cost competitive with ground transportation. With a range of up to 100 miles, Archer’s Midnight is a piloted, four passenger aircraft designed to perform rapid back-to-back flights with minimal charge time in between flights. "Archer Aviation Inc. (NYSE: ACHR) Company Shareholder Snapshot" Shareholders can expect long term growth and appreciation that is expected from the enormous cash position, experienced management team, and dual revenue streams. The Company Raised $1 Bln. of Capital Went public in 2021 on NYSE Key Investors: United Airlines, Jeep, Peugeot, Fiat, Maserati, Jet.com, and Moelis group Key Company Highlights Industry leading engineering team COO and Chief Engineer have each previously built 7 eVTOL aircraft VP of Tesla 100 person powertrain team Targeting commencement of operations in 2025 "Archer Aviation Aircraft 2 Unique Revenue Streams for Explosive Growth" The company has two explosive revenue growth strategies that have the potential for long term shareholder growth year after year. Archer Air - Aerial Ride Sharing Archers core business Initially targeting 50% of revenue mix Grow 70% to 80% of revenue mix over long term Targeting 40%+ GM Archer Direct - Aircraft OEM Can provide meaningful upfront cashflows & revenue diversity Targeting 50% of revenue mix Transitioning to 30% over the long term Targeting 50%+ GM "Archer Aviation Aircraft Overview Electric Vertical Take-Off And Landing" Performance Range: Up to 100 miles, optimized for 20 to 50 mile rapid back-to-back trips with minimal charge time. Speed: Up to 150MPH Payload: Industry leading 1,000lbs, pilot + 4 passengers Advantages Safety: Will be certified at levels similar to todays commercial airliners Noise: 100X quieter than a helicopter Cost: Approximately 1/3 the cost to manufactured and to operate than a traditional helicopter "Urban Congestion Is Not Sustainable - Archer (ACHR) Solves Issue" In 2018, 55% of the world's population lived in urban areas according to the United Nations, a proportion that they project to increase to 68% by 2050 Traffic congestion cost the US economy nearly $87Bln. in 2018. Vast majority of trips in urban areas are less than 50 miles long, but take more than an hour. Major cities across the world have a similar dynamic, especially trips from airport to city center.
NYSE:ACHR
by AwesomeAvani
1
Lyft's Earnings Error Sends Stock Soaring, But Reality BitesLyft ( NASDAQ:LYFT ) sent shockwaves through the trading floor with a monumental error in its earnings forecast, triggering a rollercoaster ride for investors. The company's stock skyrocketed an impressive 16% in premarket trading, only to reveal a stark correction that left analysts and traders alike reeling. The drama unfolded when Lyft ( NASDAQ:LYFT ) initially reported a jaw-dropping 500 basis point expansion in its adjusted earnings margin for 2024. The market erupted with enthusiasm, propelling Lyft's ( NASDAQ:LYFT ) shares to stratospheric heights, with an over 60% surge in extended trading. However, the euphoria was short-lived as reality dealt a harsh blow – the correct figure stood at a mere 50 basis points, a fraction of the initially announced increase. Chief Financial Officer Erin Brewer's admission of the error during the earnings call punctured the bubble of optimism that had enveloped investors. Yet, despite the correction, Lyft ( NASDAQ:LYFT ) managed to retain a significant portion of its gains, a testament to the underlying strength of its performance. Behind the scenes, Lyft's financials tell a compelling story of resilience and growth. The company defied expectations by swinging from a staggering $416.5 million loss to a remarkable $222.4 million profit in full-year adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA). This turnaround underscores Lyft's ability to navigate challenges and capitalize on opportunities in an ever-evolving market landscape. Analysts at TD Cowen echoed this sentiment, highlighting Lyft's fourth-quarter revenue beat driven by robust gross bookings. Additionally, Lyft's EBITDA guidance surpassed expectations, further bolstering investor confidence. In response, TD Cowen raised their target price on the stock, reflecting a bullish outlook on Lyft's future prospects. Despite the turbulence caused by the forecasting error, Lyft's performance remains a beacon of strength in the competitive ride-hailing industry. The company's ability to adapt and innovate in the face of adversity cements its position as a formidable player in the market. Looking ahead, investors will undoubtedly scrutinize Lyft's future earnings releases with heightened scrutiny, mindful of the potential for discrepancies. However, amidst the volatility lies an opportunity for those willing to ride the waves of uncertainty, betting on Lyft's continued resilience and growth trajectory.
NASDAQ:LYFT
by DEXWireNews
UBER rising after VWAP bounce LONGUBER on a 30 minute time frame chart crossed over an anchored VWAP about January 25 and topped January 30th then retested the slowly rising mean anchored VWAP in a double bottom fashion on the following day. The relative strength indicator is in the 65-75 range and the zero lag MACD cycling mostly above the horizontal zero level. I see UBER as suitably setup for a swing trade long when it is near to the bottom of the support trendline in the ascending megaphone pattern.
NYSE:UBERLong
by AwesomeAvani
Can UBER breakthrough its all time high?UBER on the weekly chart has been touching the all time high ( set nearly two years ago ) since mid-December. The relative buying volume has had some spikes. the MACD suggests a line cross above the histogram and so some bearish tendencies. If UBER can get over its all-time high and retest it from above another leg higher seems to be a very likely scenario as buyers jump into the action chasing the price. This will be especially true if the general market gets some good trending up. This goes on the watch list with an alert for a new all-time high.
NYSE:UBERLong
by AwesomeAvani
LYFT in a bearish channel.LYFT Inc - 30d expiry - We look to Sell at 11.99 (stop at 12.91) Trading within a Bearish Channel formation. The sequence for trading is lower lows and highs. The primary trend remains bearish. Preferred trade is to sell into rallies. The trend of lower highs is located at 12.00. Our profit targets will be 9.81 and 9.41 Resistance: 11.53 / 12.00 / 12.45 Support: 10.75 / 10.30 / 9.72 Please be advised that the in formation presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group
NASDAQ:LYFTShort
by VantageMarkets
$UBER - Rising Trend Channel [MID-TERM]🔹Rectangle formation produced a POSITIVE signal at the break through resistance at 29.76. 🔹The target price of 38.72 has been achieved, but the formation continues to indicate a consistent direction. 🔹In case of a NEGATIVE reaction, support at approximately 43.50. 🔹Technically POSITIVE for the medium long term. Chart Pattern: ◦ DT: Double Top | BEARISH | 🔴 ◦ DB: Double Bottom | BULLISH | 🟢 ◦ HNS: Head & Shoulder | BEARISH | 🔴 ◦ REC: Rectangle | 🔵 ◦ iHNS: inverse head & Shoulder | BULLISH | 🟢 Verify it first and believe later. WavePoint ❤️
NYSE:UBERLong
by wavepoint99