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Kiplinger
Kiplinger
Business
Joey Solitro

Lyft Stock Gets a Lift on Long-Term Financial Targets

Lyft Scott Devitt Investor Day Uber
Closeup of lyft signage at sundance film festival in 2023.

Lyft (LYFT) stock is trading higher Friday after the ride-sharing company provided its 2027 financial targets at its first Investor Day.

In the presentation, Lyft said it expects a compound annual growth rate in gross bookings of approximately 15% between 2024 and 2027 and an adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) margin of approximately 4% on a full-year basis in 2027.

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