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Lyft ( (LYFT) ) has shared an announcement.
On May 7, 2026, Lyft reported strong financial results for the quarter ended March 31, 2026, highlighted by 19% year-over-year growth in gross bookings to $4.9 billion and 14% revenue growth to $1.7 billion. Net income rose to $14.2 million from $2.6 million a year earlier, while adjusted EBITDA increased 25% to $132.8 million and free cash flow over the trailing twelve months reached a record $1.1 billion.
Operationally, active riders climbed 17% year over year to 28.3 million, marking a sixth straight quarter of double-digit growth and signaling sustained demand on the platform. Lyft also advanced its strategic positioning by closing the acquisition of Gett’s U.K. business to deepen its presence in London, progressing its Flexdrive autonomous vehicle operations in Nashville, and expanding high-usage partnerships with major brands such as Chase, DoorDash, and United Airlines.
The most recent analyst rating on (LYFT) stock is a Sell with a $17.00 price target. To see the full list of analyst forecasts on Lyft stock, see the LYFT Stock Forecast page.
Spark’s Take on LYFT Stock
According to Spark, TipRanks’ AI Analyst, LYFT is a Neutral.
The score is driven primarily by improving financial performance—especially strong and growing free cash flow—supported by a positive earnings call with accelerating growth outlook and long-term targets intact. This is tempered by weak technicals (downtrend vs key moving averages and negative MACD) and a relatively high P/E with no dividend yield.
To see Spark’s full report on LYFT stock, click here.
More about Lyft
Lyft, Inc. is a global mobility platform founded in 2012 that operates across six continents and thousands of cities. The company offers rideshare, taxis, private hire vehicles, executive chauffeur services, car sharing, bikes, and scooters, aiming to provide a broad mix of transportation options for both everyday commutes and longer journeys.
Average Trading Volume: 17,439,496
Technical Sentiment Signal: Sell
Current Market Cap: $5.53B
For detailed information about LYFT stock, go to TipRanks’ Stock Analysis page.