Lyft ( (LYFT) ) just unveiled an update.
On April 16, 2025, Lyft announced its acquisition of FREENOW, a European multi-mobility app, for €175 million. This strategic move marks Lyft’s first major expansion outside North America, significantly increasing its market reach and diversifying its revenue streams. The acquisition is expected to close in the second half of 2025, subject to regulatory approvals. By integrating FREENOW’s European taxi expertise with Lyft’s marketplace capabilities, the combined entity aims to enhance service levels and expand opportunities for drivers and riders across Europe and North America.
Spark’s Take on LYFT Stock
According to Spark, TipRanks’ AI Analyst, LYFT is a Neutral.
Lyft’s stock score reflects a mixed financial performance with significant improvements in revenue and cash flow, but ongoing profitability challenges. The technical analysis suggests a lack of clear momentum, and a high P/E ratio indicates potential overvaluation. Positive earnings call sentiment and a share buyback program provide some optimism, but concerns over market dynamics and partnership changes remain.
To see Spark’s full report on LYFT stock, click here.
More about Lyft
Lyft, Inc. is a leading ride-hailing marketplace in the United States and Canada, offering rideshare, bikes, and scooters through a single app. Founded in 2012, Lyft aims to serve and connect people through transportation solutions.
YTD Price Performance: -20.22%
Average Trading Volume: 19,773,946
Technical Sentiment Signal: Buy
Current Market Cap: $4.57B
Learn more about LYFT stock on TipRanks’ Stock Analysis page.