Dernières nouvelles pour Lyft (NASDAQ:LYFT) Stock

Lyft

Lyft is the second-largest ride-sharing service provider in the us and Canada, connecting riders and drivers over the Lyft app. Incorporated in 2013, Lyft offers a variety of rides via private vehicles, including traditional private rides, shared rides, and luxury ones. Besides ride-share, Lyft also has entered the bike- and scooter-share market to bring multimodal transportation options to users.

Lyft Inc

LYFT CL A ORD

Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), MicroStrategy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), Top Wealth Group Holding Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TWG#NASDAQ">TWG</a>), Uber Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) and JP Morgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) are the top five trending tickers on Stocktwits Friday. Here's a look at what grabbed retail investors' attention. 
TSLA Tops The List: Investors are "selling the news" after Tesla debuted its completely autonomous Cybercab at the "We, Robot" event Thursday night. CEO Elon Musk said the Cybercab will be priced under $30,000, but will <a href="https://www.benzinga.com/markets/equities/24/10/41289653/tesla-stock-poised-to-pullback-to-1-month-low-whats-going-on">not enter production</a> until 2026 or possibly 2027.&nbsp;
MSTR HODLs: Microstrategy's stock is climbing Friday as the price of Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) recovered to above the $62,000 level. The company has dubbed itself a "Bitcoin Development Company" and maintains substantial bitcoin holdings worth<a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40919378/microstrategy-raises-875m-in-convertible-notes-plans-further-bitcoin-purchases"> approximately $16 billion</a>.&nbsp;
Read Next: <a href="https://www.benzinga.com/news/24/10/41282666/what-happened-with-amd-stock-today">What Happened With AMD Stock Today?</a>
TWG: Top Wealth Group shares are racing higher on heavy trading volume after the company <a href="https://www.benzinga.com/news/24/10/41294062/whats-going-on-with-top-wealth-group-shares-friday">announced the pricing</a> of its $10.8 million public offering of 27 million shares at 40 cents per share.
UBER Zooms: Investors are driving Uber's stock price higher <a href="https://www.benzinga.com/markets/equities/24/10/41288999/why-uber-lyft-shares-are-speeding-up-in-fridays-premarket">on the news </a>that Tesla's Cybercab will go into production in 2026 or possibly even in 2027. The longer production timeline allows Uber and Lyft, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>) to continue to dominate the ridesharing market for the next two years at least.&nbsp;
JPM Banks: JP Morgan shares are trending after the banking giant delivered another standout performance <a href="https://www.benzinga.com/news/earnings/24/10/41293190/us-banks-top-q3-earnings-estimates-jpmorgan-delivers-robust-beat-financial-sector-stocks-hit-record">last quarter</a>, surpassing estimates on both the top and bottom lines. Management also raised its full-year net interest income (NII) guidance to $92.5 billion, up $1 billion from prior estimates.&nbsp;
TSLA, MSTR, TWG, UBER, JPM Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Tesla shares are down 7.93% at $219.83, MicroStrategy shares are up 11.5% at $204.56, Top Wealth Group shares are up 127% at $4.86, Uber shares are up 9.14% at $85.04 and JP Morgan shares are up 4.81% at $223.07 at the time of publication Friday.
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<li><a href="https://www.benzinga.com/news/24/10/41277250/whats-going-on-with-first-solar-stock">What&#8217;s Going On With First Solar Stock?</a></li>
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Friday's Top 5 Trending Stocks: What's The Scoop?

U.S. stocks were higher, with the Dow Jones index gaining around 250 points on Friday.
Shares of Fastenal Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FAST#NASDAQ">FAST</a>) rose sharply during Friday's session after the company reported <a href="https://www.benzinga.com/news/earnings/24/10/41290240/fastenal-q3-earnings-revenue-and-eps-beat-sets-cautious-tone-on-2024-outlook">better-than-expected third-quarter financial results.</a>
Fastenal reported sales growth of 3.5% year-over-year to $1.910 billion, beating the consensus of $1.908 billion. Unit sales increased in the quarter due to growth from larger customers, new Onsite locations, and an extra selling day, despite minor disruptions from Hurricane Helene and stable pricing. The company's third-quarter EPS was 52 cents, above the estimate of 51 cents.
Fastenal shares jumped 6% to $74.18 on Friday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>Torrid Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CURV#NYSE">CURV</a>) shares jumped 13% to $3.78.</li>
<li>Pacific Biosciences of California, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PACB#NASDAQ">PACB</a>) surged 12% to $1.7350 after the company announced it signed a research collaboration agreement with the National Cancer Center of Singapore. The project will use the company&#8217;s sequencing technologies.</li>
<li>Symbotic Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SYM#NASDAQ">SYM</a>) gained 11.5% to $30.66.</li>
<li>Digital Turbine, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APPS#NASDAQ">APPS</a>) rose 10.6% to $3.2750.</li>
<li>Mesoblast Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MESO#NASDAQ">MESO</a>) gained 10.6% to $10.32.</li>
<li>Capricor Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAPR#NASDAQ">CAPR</a>) shares jumped 10.4% to $18.92 after the company announced it reported long-term data from its HOPE-2 OLE study for Duchenne muscular dystrophy at the 2024 World Muscle Society Congress. Additionally, HC Wainwright &amp; Co. raised its price target on the stock from $40 to $77.</li>
<li>Nuvation Bio Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NUVB#NASDAQ">NUVB</a>) gained 9.5% to $2.2000.</li>
<li>Wolfspeed, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOLF#NYSE">WOLF</a>) rose 9.1% to $10.36.</li>
<li>Lyft, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>) gained 8.7% to $13.49 in reaction to Tesla announcing that a rival offering, the Cybercab, will go into production in 2026.</li>
<li>Aehr Test Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEHR#NASDAQ">AEHR</a>) rose 8.6% to $14.47 after the company reported better-than-expected first-quarter financial results.</li>
<li>Uber Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) gained 8.2% to $84.34 in reaction to Tesla announcing that a rival offering, the Cybercab, will go into production in 2026.</li>
<li>Trump Media &amp; Technology Group Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>) gained 8% to $26.04 on continued upward momentum.</li>
<li>MicroStrategy Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) gained 7.8% to $197.69.</li>
<li>Wells Fargo &amp; Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>) rose 5.6% to $60.98 following upbeat quarterly earnings.</li>
<li>JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) gained 4.6% to $222.57 after reporting strong quarterly results.</li>
</ul>
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Fastenal Posts Upbeat Earnings, Joins Wells Fargo, JPMorgan And Other Big Stocks Moving Higher On Friday

WIIM

Uber and Lyft shares are trading higher in reaction to Tesla announcing that a rival offering, the Cybercab, will go into production in 2026.

Ride-hailing companies Uber Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) and Lyft, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>) are rising<a href="https://www.benzinga.com/premarket"> in premarket trading </a>on Friday.
The shares of Uber and its smaller peer Lyft were reacting to electric vehicle maker Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) announcing that a rival offering from its stable, the Cybercab, will go into production in 2026 or possibly even in 2027. If Tesla had been quick with a superior offering armed with its unsupervised self-driving technology, Uber and Lyft might have seen their market share erode.
Ahead of the event, Future Fund LLC&#8217;s Gary Black had warned Tesla investors not to hope for an immediate launch of the robotaxi with supervised full self-driving technology.
He said Tesla should subsidize rides on its rideshare app. and require all drivers to drive Tesla vehicles and, if possible, be highly rated on other rideshare apps.
The penetrating pricing strategy of offering rides at lower prices than competition including Uber and Lyft would increase awareness about the app and also lure users to it, Black said, adding that Tesla should use its cash reserves for it.
For the next two years at least, Uber and Lyft can have much of their market to themselves. They only have to contend with Alphabet, Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) Waymo and General Motors Corp.&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) Cruise in the near term.
In premarket trading, Uber rose 4.90% to $81.74, and Lyft gained 2.42% to $12.71, according to <a href="https://benzinga.grsm.io/register174">Benzinga Pro data.</a>
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="http://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
See Also: <a href="https://www.benzinga.com/money/best-consumer-discretionary-stocks">Best Consumer Discretionary Stocks</a>
Image Via Shutterstock

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Why Uber, Lyft Shares Are Speeding Up In Friday's Premarket

U.S. index futures point to a modestly lower opening on Friday as traders hope for better tidings on the wholesale prices front. Thursday&#8217;s<a href="https://www.benzinga.com/economics/macro-economic-events/24/10/41270761/september-inflation-hotter-than-expected-jobless-claims-spike-the-most-in-over-a-"> slightly hotter-than-expected consumer price inflation data</a> kept sentiment subdued throughout the session before the major averages closed modestly lower. Following the inflation data, Harris Financial Group Managing Partner Jamie Cox said, &#8220;Disinflation continues, but anyone who thought the Fed was going to lower rates by another .50 basis points in November is dead wrong.&#8221;
&#8220;When interest rates aren't high enough to lower growth, they aren't high enough to stifle inflation completely either. &nbsp;The Fed will lower rates, but at a measured pace from here,&#8221; he added.
Tesla, Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) Robotaxi event failed to kickstart a rally in the stock. JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) is set to kickstart big bank earnings this season and its earnings are seen as a barometer of how healthy the sector is.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>-0.32%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.19%</td>
</tr>
<tr>
<td>Dow</td>
<td>-0.16%</td>
</tr>
<tr>
<td>R2K</td>
<td>-0.43%</td>
</tr>
</tbody>
</table>
</figure>
In premarket trading on Friday,&nbsp;the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) edged down 0.10% to $575.53 and the&nbsp;Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) moved down 0.20% to $491.60, according to&nbsp;<a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.
Cues From Last Session:
With inflation readings coming slightly ahead of expectations across the board and jobless claims jumping to the highest in over a year due to Hurricane Helene, stocks opened Thursday&#8217;s session lower. The reports sent bond yields surging higher. 
The 30-stock Dow Jones Industrial Average languished in the red throughout the session, while the tech-heavy Nasdaq Composite Index and the broader S&amp;P 500 Index remained below the flat for the bulk of the day. 
In the process, the Dow and the S&amp;P 500 Index pulled back from their record highs. 
All but three of the S&amp;P 500 sector classes ended in the red, with the holdouts being energy, IT and material stocks,
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>-0.05%</td>
<td>18,282.05</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>0.21%</td>
<td>5,780.05</td>
</tr>
<tr>
<td>Dow Industrials</td>
<td>-0.14%</td>
<td>42,454.12</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-0.55%</td>
<td>2,188.42</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
LPL Chief Technical Strategist Adam Turnquist weighed in on the bull market, which is completing two years on Oct. 12. Since then, the S&amp;P 500 has gained 62% while registering 44 record highs, he noted. 
The strategist said low volatility has been a welcome personality trait of this bull market. The maximum drawdown for the S&amp;P 500 since its Oct. 12, 2022, closing low has only been 10.3%, running below the average maximum drawdown of all bull markets of -14.2%, he added.
Looking ahead, Turnquist said most bull markets remain bull markets into their third year of life. Since 1950, the duration of a bull market has averaged 61 months, excluding the current bull market, with the shortest lasting for 21 months running from March 2020 to January 2022, he said.
That said, the current 27.2% annualized return is running relatively high compared to other bull markets, Turnquist said. &#8220;History implies that if this bull market continues, investors should expect positive, but likely more muted annualized returns going forward,&#8221; he added.

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Upcoming Economic Data
<ul>
<li>The Labor Department is scheduled to release the producer price inflation report for September at 8:30 a.m. EDT. The headline and core producer prices may have increased 0.1% and 0.2%, respectively, in September. This compares to the 0.2% and 0.3% rates in August. The annual rates of headline and core producer price inflation are expected at 1.6% and 2.7%, respectively, versus 1.7% and 2.4% in August.</li>
<li>Among the Fed officials speaking on Friday are:
<ul>
<li>Chicago Fed President Austan&nbsp;Goolsbee: 9:45 a.m. EDT</li>
<li>Dallas Fed President Lorie Logan: 10:45 a.m. EDT</li>
<li>Federal Reserve Governor Michelle Bowman: 1:10 p.m. EDT</li>
</ul>
</li>
<li>The University of Michigan&#8217;s preliminary consumer sentiment index for October at 10 a.m. EDT. The headline consumer sentiment index is expected to rise from 70.1 in September to 71 in October. Traders may also focus on the one-, two- and five-year inflation expectations readings.</li>
</ul>
Stocks In Focus:
<ul>
<li>Tesla plunged for 5.60% <a href="https://benzinga.grsm.io/register174">in premarket trading</a> following the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41286875/tesla-analysts-rave-over-cybercabs-design-cost-advantage-but-production-timeline-sp">company&#8217;s Robotaxi event.</a> Uber Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) and Lyft, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>), which offer ride-hailing services, moved in sympathy.</li>
<li>BlackRock, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>), JPMorgan, Wells Fargo &amp; Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>), Fastenal Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FAST#NASDAQ">FAST</a>) and Bank of New York Mellon Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BK#NYSE">BK</a>) are among the notable companies due to <a href="https://www.benzinga.com/calendars/earnings">report their quarterly results ahead of the market open.</a></li>
</ul>
Commodities, Bonds And Global Equity Markets:
Crude oil futures fell after Thursday&#8217;s strong advance, while gold futures firmed up. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) traded nearly flat under $61K. The 10-year Treasury note yield was little changed at 4.092%.
Sentiment in Asia was muted as China stocks fell sharply and the U.S inflation data surprised to the upside. The Hong Kong market was closed on account of a public holiday. 
The European markets were mixed, with traders reacting to mostly weak data released by the U.K. 
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Wall Street On Backfoot As PPI Print, JPMorgan Earnings Loom: This Strategist Expects Positive Market Performance, But With Muted Returns

Financial giants have made a conspicuous bullish move on Lyft. Our analysis of options history for Lyft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>) revealed 8 unusual trades.
Delving into the details, we found 50% of traders were bullish, while 50% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $144,622, and 4 were calls, valued at $116,700.
<h3>What's The Price Target?</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $12.0 to $13.5 for Lyft over the last 3 months. 
<h3>Volume &amp; Open Interest Development</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Lyft's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Lyft's substantial trades, within a strike price spectrum from $12.0 to $13.5 over the preceding 30 days.
<h3>Lyft Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728589556_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>LYFT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/11/24</td>
<td>$0.52</td>
<td>$0.51</td>
<td>$0.52</td>
<td>$12.50</td>
<td>$42.4K</td>
<td>8.5K</td>
<td>898</td>
</tr>
<tr>
<td>LYFT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/11/24</td>
<td>$0.57</td>
<td>$0.55</td>
<td>$0.57</td>
<td>$12.50</td>
<td>$38.2K</td>
<td>8.5K</td>
<td>2.5K</td>
</tr>
<tr>
<td>LYFT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/11/24</td>
<td>$0.55</td>
<td>$0.52</td>
<td>$0.55</td>
<td>$12.50</td>
<td>$34.9K</td>
<td>8.5K</td>
<td>1.5K</td>
</tr>
<tr>
<td>LYFT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/11/24</td>
<td>$0.34</td>
<td>$0.31</td>
<td>$0.34</td>
<td>$12.50</td>
<td>$34.0K</td>
<td>8.2K</td>
<td>1.0K</td>
</tr>
<tr>
<td>LYFT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/11/24</td>
<td>$0.31</td>
<td>$0.29</td>
<td>$0.29</td>
<td>$12.00</td>
<td>$29.0K</td>
<td>7.4K</td>
<td>1.6K</td>
</tr>
</tbody>
</table>

<h3>About Lyft</h3>
Lyft is the second-largest ride-sharing service provider in the us and Canada, connecting riders and drivers over the Lyft app. Incorporated in 2013, Lyft offers a variety of rides via private vehicles, including traditional private rides, shared rides, and luxury ones. Besides ride-share, Lyft also has entered the bike- and scooter-share market to bring multimodal transportation options to users.
<h3>Where Is Lyft Standing Right Now?</h3>
<ul>
<li>Currently trading with a volume of 7,939,222, the LYFT's price is down by -1.56%, now at $12.31. </li>
<li>RSI readings suggest the stock is currently may be approaching overbought.</li>
<li>Anticipated earnings release is in 27 days.</li>
</ul>
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Lyft, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Options

Looking At Lyft's Recent Unusual Options Activity

As Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) gears up for its highly anticipated Robotaxi event on Oct. 10, the rideshare market is bracing for disruption. Tesla's event, expected to reveal a low-cost, <a href="https://www.benzinga.com/topic/mobility">fully autonomous vehicle</a> (AV), has sparked concern among investors, particularly for companies like Uber Technologies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) and Lyft Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NYSE">LYFT</a>).
However, JPMorgan analyst Doug Anmuth remains confident in Uber&#8217;s future, noting that it remains &#8220;well positioned in [the] AV ecosystem.&#8221;
<h2 class="wp-block-heading">Tesla's Disruption: Rideshare Under Pressure?</h2>
Tesla's announcement has created a buzz, especially with expectations of a $25,000 robotaxi. This move threatens to challenge Uber and Lyft&#8217;s business models directly. The potential rollout of a robotaxi ride-hailing app further positions Tesla as a direct competitor. 
Since Tesla's robotaxi announcement in April, Uber's valuation multiples have compressed by around 4x turns, highlighting the pressure on the rideshare giant.
However, Anmuth remains cautious about how quickly Tesla's vision will materialize. He notes, "a robotaxi without LiDAR will be a hurdle w/regulators." Tesla's reliance on its vision-only FSD (Full Self-Driving) technology, and the lack of LiDAR, raises questions about regulatory approval. For Tesla, clearing these obstacles will be crucial for scaling its autonomous fleet, the analyst said.
Read Also: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/10/41238300/tesla-robotaxi-ambitions-come-as-most-americans-grow-wary-of-autonomous-tech">Tesla Robotaxi Ambitions Come As Most Americans Grow Wary Of Autonomous Tech</a>
<h3 class="wp-block-heading">Uber's Advantage: Strategic Partnerships</h3>
Despite Tesla's aggressive push, Uber continues to strengthen its position in the AV landscape through key partnerships. Anmuth reiterates his positive outlook for Uber, maintaining an Overweight rating with a price target of $95 by December 2025. He points out that Uber's collaborations with AV companies such as Waymo, Cruise, WeRide, and others position the company to play a central role in the AV ecosystem.
"Uber will play an important role in AV by driving demand and increasing utilization for AV tech providers, while also helping to build out the AV ecosystem through fleet operations," Anmuth said. Uber's partnerships cover mobility, delivery, and freight, and the company has strategically expanded its relationships, including a multi-year deal with Cruise to deploy AVs on its platform starting in 2025.
<h2 class="wp-block-heading">Tesla's Event: A Relief For Uber?</h2>
Anmuth said that while Tesla's ambition is clear, the development of a viable commercial product may take longer than expected, particularly due to regulatory challenges. "We expect the TSLA robotaxi day to be more of a clearing event for Uber and Lyft," he added.
Tesla's vision-only FSD approach could face delays, giving Uber time to further solidify its partnerships and AV strategy. Moreover, Tesla's plan to own and operate its fleet initially—rather than enabling private vehicle owners to contribute to the network—could provide a window of opportunity for Uber to grow its foothold in the AV market.
<h3 class="wp-block-heading">Long-Term Outlook: Uber's Resilience</h3>
Uber continues to project optimism. The company remains confident in its ability to achieve mid-to-high teens growth for gross bookings over the next three years. Uber management, in recent meetings, expressed confidence in their strategy, noting stable mobility trends, durability in delivery, and ongoing expansion of their ad business.
While Tesla's robotaxi might change the game, Anmuth believes Uber will continue to be a key player in the AV revolution. 
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41247281/teslas-robotaxi-platform-could-account-for-90-of-ev-giants-enterprise-value-over-th">Tesla&#8217;s Robotaxi Platform Could Account For 90% Of EV Giant&#8217;s Enterprise Value Over The Next 5 Years, Says Ark Invest Analyst</a></li>
</ul>
Photo: Daniel Fung/Shutterstock.com

Analyst Color

Long Ideas

Events

Analyst Ratings

Uber 'Well Positioned' Despite Tesla Robotaxi Threat, Analyst Says

The world of autonomous driving is rapidly approaching a key moment: Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) is set to hold its <a href="https://www.benzinga.com/topic/robotaxi">Robotaxi event on Oct. 10</a>.
What Happened: The Austin, Texas-based car manufacturer is gearing up to make yet another bold move, despite divided public opinion on driverless technology. Nearly 63% of American adults would not ride in a driverless vehicle, according to a Pew Research <a href="https://www.pewresearch.org/internet/2022/03/17/americans-cautious-about-the-deployment-of-driverless-cars/">survey</a>.
And who can blame them?
<a href="https://www.benzinga.com/markets/equities/24/06/39428443/gms-cruise-fined-112-500-by-california-over-self-driving-car-crash-report">High-profile crashes</a> involving General Motors Co's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) Cruise, along with lingering doubts about safety, leave many hesitant.
Tesla's record with autonomous driving features has also <a href="https://www.benzinga.com/news/24/09/41104861/elon-musk-tesla-win-dismissal-of-full-self-driving-claims-judge-tosses-lawsuit">faced regulatory scrutiny</a> and multiple lawsuits after hundreds of accidents. After years of delays, Tesla CEO Elon Musk is finally set to unveil Tesla&#8217;s robotaxi network, but skepticism surrounds whether it will live up to the hype.
Waymo, owned by Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>), has already established a substantial lead in the market. It currently boasts over 22 million driverless miles and soaring demand in cities like San Francisco and Phoenix.
Tesla does not yet have any fully-driverless vehicles on the road.
Read Also: <a href="https://www.benzinga.com/news/24/10/41220996/teslas-former-head-of-vehicle-programs-who-left-on-the-heels-of-mass-layoff-joins-waymo">Tesla&#8217;s Former Head Of Vehicle Programs Who Left On The Heels Of Mass Layoff Joins Waymo</a>
Why It Matters: Waymo has worked hard to reassure users with a safety-first approach, including a <a href="https://www.benzinga.com/news/24/07/39924838/alphabet-commits-to-another-5b-investment-in-waymo-tesla-ceo-elon-musk-takes-jibe-at-cash-burn-in-un">dedicated online hub</a> touting the reliability of its cars.
Tesla, however, has a history of overpromising. 
When the company first introduced Full Self-Driving (FSD) in 2016, it claimed that the car would eventually be able to drive itself completely, with no supervision required.
Musk touted that it would be roughly two years before driverless cars could be summoned. See below. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">In ~2 years, summon should work anywhere connected by land &amp; not blocked by borders, eg you&#39;re in LA and the car is in NY
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/686279251293777920?ref_src=twsrc%5Etfw">January 10, 2016</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
But by 2024, Tesla hadn&#8217;t revealed any driverless tech. It even changed the acronym on its app from FSD to "Supervised," meaning drivers still have to keep their hands on the wheel and pay attention to the road.
Whether the Robotaxi event reveals any progress in this segment remains to be seen. 
Regardless of how far along autonomous technology is, the stakes remain high for ride-sharing services like Uber Technologies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) and Lyft Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NYSE">LYFT</a>).
Why rely on a human driver, tip included, when a robotaxi might be available at a tap? 
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41224956/uber-launches-openais-chatgpt-based-driver-assistant-to-support-transition-to-evs">Uber Launches OpenAI&#8217;s ChatGPT-Based Driver Assistant To Support Transition To EVs</a></li>
</ul>
Image: Shutterstock

Tesla Robotaxi Ambitions Come As Most Americans Grow Wary Of Autonomous Tech

The company is&nbsp;working to provide more and better information and recommendations for the time they plan to spend behind the wheel.&nbsp;
The company&#39;s&nbsp;latest earnings improvements tackle drivers&rsquo; biggest frustrations, and make it more rewarding than ever to get behind the wheel.

Lyft Reveals New Tools To Maximize Drivers' Time

Cantor Fitzgerald analyst Deepak Mathivanan reiterates Lyft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>) with a Neutral and maintains $13 price target.

Price Target

Reiteration

Cantor Fitzgerald Reiterates Neutral on Lyft, Maintains $13 Price Target

Lyft Renews Multi-Year Commercial Insurance Partnership With Mobilitas Covering Ridesharing In 23 States

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Industrials sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>LUNR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$9.00</td>
<td>$27.6K</td>
<td>4.9K</td>
<td>1.3K</td>
</tr>
<tr>
<td>CAT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>11/15/24</td>
<td>$350.00</td>
<td>$28.5K</td>
<td>2.5K</td>
<td>1.0K</td>
</tr>
<tr>
<td>LYFT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$12.00</td>
<td>$25.0K</td>
<td>6.3K</td>
<td>905</td>
</tr>
<tr>
<td>UBER</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$90.00</td>
<td>$35.2K</td>
<td>3.8K</td>
<td>676</td>
</tr>
<tr>
<td>JCI</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$77.50</td>
<td>$35.1K</td>
<td>44</td>
<td>290</td>
</tr>
<tr>
<td>AYI</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$270.00</td>
<td>$179.3K</td>
<td>13</td>
<td>141</td>
</tr>
<tr>
<td>CSX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$35.00</td>
<td>$29.6K</td>
<td>0</td>
<td>109</td>
</tr>
<tr>
<td>VRT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/18/25</td>
<td>$87.50</td>
<td>$127.5K</td>
<td>27</td>
<td>107</td>
</tr>
<tr>
<td>ADP</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$270.00</td>
<td>$27.0K</td>
<td>83</td>
<td>62</td>
</tr>
<tr>
<td>UAL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>09/27/24</td>
<td>$52.00</td>
<td>$27.2K</td>
<td>942</td>
<td>58</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• Regarding LUNR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LUNR#NASDAQ">LUNR</a>), we observe a call option trade with bullish sentiment. It expires in 175 day(s) on March 21, 2025. Parties traded 115 contract(s) at a $9.00 strike. The total cost received by the writing party (or parties) was $27.6K, with a price of $240.0 per contract. There were 4929 open contracts at this strike prior to today, and today 1305 contract(s) were bought and sold. 
• For CAT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAT#NYSE">CAT</a>), we notice a put option sweep that happens to be neutral, expiring in 49 day(s) on November 15, 2024. This event was a transfer of 63 contract(s) at a $350.00 strike. This particular put needed to be split into 14 different trades to become filled. The total cost received by the writing party (or parties) was $28.5K, with a price of $455.0 per contract. There were 2544 open contracts at this strike prior to today, and today 1079 contract(s) were bought and sold. 
• Regarding LYFT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>), we observe a call option sweep with bearish sentiment. It expires in 21 day(s) on October 18, 2024. Parties traded 200 contract(s) at a $12.00 strike. This particular call needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $25.0K, with a price of $125.0 per contract. There were 6372 open contracts at this strike prior to today, and today 905 contract(s) were bought and sold. 
• For UBER (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>), we notice a call option sweep that happens to be bullish, expiring in 49 day(s) on November 15, 2024. This event was a transfer of 400 contract(s) at a $90.00 strike. This particular call needed to be split into 11 different trades to become filled. The total cost received by the writing party (or parties) was $35.2K, with a price of $88.0 per contract. There were 3861 open contracts at this strike prior to today, and today 676 contract(s) were bought and sold. 
• Regarding JCI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JCI#NYSE">JCI</a>), we observe a put option trade with bearish sentiment. It expires in 49 day(s) on November 15, 2024. Parties traded 130 contract(s) at a $77.50 strike. The total cost received by the writing party (or parties) was $35.1K, with a price of $270.0 per contract. There were 44 open contracts at this strike prior to today, and today 290 contract(s) were bought and sold. 
• For AYI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AYI#NYSE">AYI</a>), we notice a put option sweep that happens to be bearish, expiring in 21 day(s) on October 18, 2024. This event was a transfer of 139 contract(s) at a $270.00 strike. This particular put needed to be split into 30 different trades to become filled. The total cost received by the writing party (or parties) was $179.3K, with a price of $1290.0 per contract. There were 13 open contracts at this strike prior to today, and today 141 contract(s) were bought and sold. 
• Regarding CSX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSX#NASDAQ">CSX</a>), we observe a put option sweep with bullish sentiment. It expires in 357 day(s) on September 19, 2025. Parties traded 106 contract(s) at a $35.00 strike. This particular put needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $29.6K, with a price of $280.0 per contract. There were 0 open contracts at this strike prior to today, and today 109 contract(s) were bought and sold. 
• For VRT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VRT#NYSE">VRT</a>), we notice a put option sweep that happens to be bullish, expiring in 294 day(s) on July 18, 2025. This event was a transfer of 102 contract(s) at a $87.50 strike. This particular put needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $127.5K, with a price of $1250.0 per contract. There were 27 open contracts at this strike prior to today, and today 107 contract(s) were bought and sold. 
• Regarding ADP (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADP#NASDAQ">ADP</a>), we observe a put option trade with bullish sentiment. It expires in 266 day(s) on June 20, 2025. Parties traded 18 contract(s) at a $270.00 strike. The total cost received by the writing party (or parties) was $27.0K, with a price of $1500.0 per contract. There were 83 open contracts at this strike prior to today, and today 62 contract(s) were bought and sold. 
• For UAL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>), we notice a call option sweep that happens to be neutral, is expiring today. Parties traded 40 contract(s) at a $52.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $27.2K, with a price of $680.0 per contract. There were 942 open contracts at this strike prior to today, and today 58 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

LUNR

10 Industrials Stocks With Whale Alerts In Today's Session

Twilio Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/twlo#NYSE">TWLO</a>) provides developers and businesses tools and products to enhance their communications with customers. Its cloud communication-as-a-service (CPaaS) platform offers basic services like voice, email, and SMS messaging to more advanced interactive services like video, artificial intelligence (AI) chatbots, voice application programming interfaces (APIs), and identity authentication. Gartner ranked it as a CPaaS leader in its Magic Quadrant for the second year in 2024. Twilio has leveraged AI into its services to provide more flexibility and enhance experiences.
The computer and technology sector leader has well-known clients, including the top streaming service Netflix Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nflx#NASDAQ">NFLX</a>), Airbnb Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/abnb#NASDAQ">ABNB</a>), and rideshare duopolies Uber Technologies Inc.&nbsp;and Lyft Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lyft#NASDAQ">LYFT</a>). It competes with 8X8 Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/eght#NASDAQ">EGHT</a>).
<h2>The Value Proposition of CPaaS </h2>
On the surface, CPaaS may not seem like a big deal, especially as an end user.&nbsp;However, the benefit of CPaaS, like most&nbsp;as-a-service platforms (aaS), is not having to bear the expense of in-house building, managing, maintaining, and upgrading the complex hardware and software infrastructure. This and the ability to scale the services to millions of customers are the major value propositions. Businesses use CPaaS to embed communication channels like voice calls, video, email, and text messaging into their mobile apps. Consumers often take these services for granted because they are commonplace these days.
For example, If you&#39;ve ever ordered an Uber or Lyft ride through their mobile apps, Twilio&#39;s platform enables the rideshare app to:
<ul>
<li>Send an SMS notification when a driver has been found.</li>
<li>Provide real-time location updates notifying you the driver is on the way and has arrived.</li>
<li>Enables driver and passenger communication features like calling and texting if you&#39;re wondering where the driver is.</li>
<li>Enables text, email, and voice calling options to contact customer service if there&#39;s a problem.</li>
</ul>
<h2>Rich Communication Services (RCS) Is a Game Changer</h2>
Twilio offers RCS, enabling businesses to take their text messaging to the next level without users downloading more apps. RCS enables companies to send rich media like videos, images, logos, and pictures in text messages. It can include buttons, links, or other triggers enabling the end user to take an action like making a payment, voting, or booking an appointment. It provides a more interactive and branded communication experience with customers, ultimately leading to an improved customer experience and higher conversion rates.
<h2>Twilio Leverages AI Services Like Auto Pilot and Flex Insights </h2>
Twilio offers its tools and services as APIs that companies and developers can customize to refine their brand and use cases. AI products like Autopilot let developers create, train, and customize interactive voice response (IVR) systems and intelligent AI chatbots that can engage customers, understand natural language, automate tasks, and authenticate and transfer customers to the right agents. Flex Insights monitors and analyzes conversations between customers and agents to provide data analytics, sentiment analysis, and transcription services to optimize workflows for and with agents.
<h2>Twilio&#39;s Recovery Is Taking Shape </h2>
Twilio&#39;s second-quarter of 2024 results indicate that business is recovering. The company reported a 17 cents EPS beat, coming in at 87 cents. Revenues grew 4.4% YoY to $1.08 billion, which also beat consensus estimates of $1.06 billion. They grew their active customer accounts to over 316,000 in the quarter compared to 304,000 in the year-ago period. The company has $800 million left in its $2 billion share buyback program, which it will complete by year&#39;s end.
The company issued Q3 2024 EPS of 81 to 86 cents versus 74 cents consensus estimates. Twilio expected revenues of $1.085 billion to $1.095 billion versus $1.09 billion consensus estimates. For fiscal 2024, Twilio is raising its non-GAAP income from operations, which ranges from $650 million to $670 million, up from the previous forecast of $585 million to $635 million. Organic revenue growth was narrowed to 6% to 7% compared to 5% to 10% previously forecast.
<h2>TWLO Stock Is in an Ascending Triangle Pattern </h2>
An ascending triangle is a bullish pattern comprised of a flat-top upper trendline resistance indicating the supply overhand. The ascending (rising) trendline is formed by higher lows, indicating rising demand. A breakout occurs when the stock surges through the upper trendline, whereas a breakdown occurs if the stock falls below the ascending trendline.
<img alt="Twilio TWLO stock chart" class="aligncenter" src="https://www.marketbeat.com/logos/articles/med_20240922163137_chartq-twlo.jpg" style="height:748px; width:915px" />
TWLO has an upper trendline resistance at $63.91. The stock has been recovering since the $52.51 swing low. The anchored VWAP support is steadily rising at $58.86. As TWLO rises to test the flat-top resistance, it also has the potential to reach the lower gap-fill level at $64.89. The upper gap fill would occur if TWLO rises to $68.85. The daily relative strength index (RSI) is rising to the 61-band. Fibonacci (Fib) pullback support levels are at $61.47, $59.56, $56.86, and $53.81.
Twilio&#39;s average consensus price target is $70.52, and its highest analyst price target is $110.00. &nbsp;
Bullish investors can buy on pullbacks using cash-secured puts at the fib pullback support levels to buy the dip and write covered calls at fib extensions to execute a wheel strategy for income.
By implementing a bullish call debit spread, bullish options investors can limit maximum downside and profit from modest upside gains for less capital than owning the stock.
The article &quot;<a href="https://www.marketbeat.com/originals/seize-the-growth-twilios-ai-innovations-are-driving-huge-upside/">Seize the Growth: Twilio&#39;s AI Innovations Are Driving Huge Upside</a>&quot; first appeared on MarketBeat.

Large Cap

Mid Cap

Penny Stocks

Technicals

Buybacks

Small Cap

ABNB

EGHT

NFLX

TWLO

Seize the Growth: Twilio's AI Innovations Are Driving Huge Upside

As of Sept. 25, 2024, five stocks in the industrials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi">RSI is above 70</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>. 
Here's the latest list of major overbought players in this sector.
<h3 class="wp-block-heading">Nuscale Power Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMR#NYSE">SMR</a>)</h3>
<ul>
<li>On Sept. 13, CLSA initiated coverage on the stock with an Outperform rating and announced an $11 price target. The company's stock gained around 32% over the past five days and has a <a href="https://www.benzinga.com/quote/SMR">52-week high of $16.91</a>.</li>
<li>RSI Value: 72.59&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>SMR Price Action: Shares of Nuscale Power gained 9.7% to close at $11.95 on Tuesday.</li>
</ul>
<h3 class="wp-block-heading">Babcock &amp; Wilcox Enterprises Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BW#NYSE">BW</a>)</h3>
<ul>
<li>On Sept. 5, Babcock &amp; Wilcox secured a contract for waste-to-energy plant in Alberta, focusing on carbon capture. The company's stock gained around 27% over the past five days and <a href="https://www.benzinga.com/quote/BW">has a 52-week high</a> of $4.56.</li>
<li>RSI Value: 77.56</li>
<li>BW Price Action: Shares of Babcock &amp; Wilcox Enterprises rose 8% to close at $1.63 on Tuesday.</li>
</ul>
<h3 class="wp-block-heading">LYFT Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>)</h3>
<ul>
<li>On Sept. 24, Raymond James analyst Josh Beck reinstated Lyft with a Market Perform rating. The company's stock gained around 13% over the past month and has a <a href="https://www.benzinga.com/quote/LYFT">52-week high</a> of $20.82.</li>
<li>RSI Value: 71.57</li>
<li>LYFT Price Action: Shares of LYFT rose 4.8% to close at $13.33 on Tuesday.</li>
</ul>
<h3 class="wp-block-heading">ZIM Integrated Shipping Services Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZIM#NYSE">ZIM</a>)</h3>
<ul>
<li>On Aug. 19, ZIM Integrated Shipping Services reported better-than-expected second-quarter financial results and raised its FY24 guidance. The company's stock jumped around 22% over the past five days and has a 52-week high is $23.88.</li>
<li>RSI Value: 74.31</li>
<li>ZIM Price Action: Shares of ZIM Integrated gained 6% to close at $23.66 on Tuesday.</li>
</ul>
<h3 class="wp-block-heading">Caterpillar Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAT#NYSE">CAT</a>)</h3>
<ul>
<li>On Sept. 24, Caterpillar moved higher following the company's announcement regarding its exhibit at the MINExpo 2024. Jim Umpleby, Chairman and CEO of Caterpillar, talked about the importance of their latest exhibit, which highlights the Cat Dynamic Energy Transfer system, the 798 AC mining truck, R1700 XE load-haul-dump loader, the Cat R1700 XE load-haul-dump, the Cat R2900 XE LHD and the PGS 1260 HD Energy Storage System.. The company's stock jumped around 9% over the past five days and<a href="https://www.benzinga.com/quote/CAT"> has a 52-week high</a> of $389.43.</li>
<li>RSI Value: 78.92</li>
<li>CAT Price Action: Shares of Caterpillar climbed 4% to close at $385.93 on Tuesday.</li>
</ul>
Read More: 
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<li><a href="https://www.benzinga.com/news/24/09/41003853/wall-streets-most-accurate-analysts-views-on-3-tech-stocks-delivering-high-dividend-yields">Wall Street&#8217;s Most Accurate Analysts&#8217; Views On 3 Tech Stocks Delivering High-Dividend Yields</a></li>
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Raymond James analyst Josh Beck reinstates Lyft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>) with a Market Perform.

Initiation

Raymond James Reinstates Market Perform on Lyft

On Tuesday, Smartcar, the API platform for mobility businesses partnered with&nbsp;ride-hailing company Lyft, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>) to tackle range anxiety and help electric vehicle drivers <a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/b41003094/lyft-and-smartcar-partner-to-tackle-the-top-pain-point-for-ev-drivers-range-anxiety" rel="noreferrer noopener">confidently accept rides</a>.
Lyft&#8217;s &#8216;Rides in Range,&#8217; which ensures EV drivers only receive ride requests within their current battery range, is now available for EV drivers on the platform with a 20-mile buffer on an EV&#8217;s battery range to accommodate different driving styles or route obstacles.
Range anxiety is the top concern for EV drivers on the platform.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/08/40582404/lyft-and-payfare-team-up-to-transform-driver-earnings-details" rel="noreferrer noopener">Lyft And Payfare Team Up To Transform Driver Earnings: Details</a>
Accurate and automated ride assignments, combined with EV battery data retrieved via Smartcar, help Lyft drivers take on more trips with confidence, boost ratings, and increase customer tips.
Lyft reported&nbsp;second-quarter topline growth of 41%, reaching $1.44 billion, beating the analyst estimate of $1.39 billion. Lyft&#8217;s rides grew by 15% to 205 million.
The ride-hailing company <a target="_blank" href="https://www.benzinga.com/news/24/09/40860375/whats-going-on-with-lyft-stock-on-friday" rel="noreferrer noopener">remains invested in</a> restructuring activities to unlock value, including laying off 1%&nbsp;of its employees and disposing of assets related to its bike and scooter operations to contain operating costs. The stock is up over 34% in the last 12 months.
Meanwhile, Uber Technologies, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) stock has increased 71% in the last 12 months, backed by its diversified offering, which includes food delivery, freight, and same-day delivery services.
Price Action: LYFT stock is up 3.81% at $13.21 at the last check on Tuesday.
Photo via Shutterstock

Lyft Partners with Smartcar to Ease EV Drivers' Range Anxiety

Lyft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>) has been analyzed by 21 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">18</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">14</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $13.76, with a high estimate of $18.00 and a low estimate of $10.00. Observing a downward trend, the current average is 24.23% lower than the prior average price target of $18.16. 
<img src="https://www.benzinga.com/files/images/story/2024/1727118022_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
In examining recent analyst actions, we gain insights into how financial experts perceive Lyft. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Deepak Mathivanan</td>
<td>Cantor Fitzgerald</td>
<td>Maintains</td>
<td>Neutral</td>
<td>$13.00</td>
<td>$13.00</td>
</tr>
<tr>
<td>Deepak Mathivanan</td>
<td>Cantor Fitzgerald</td>
<td>Announces</td>
<td>Neutral</td>
<td>$13.00</td>
<td>-</td>
</tr>
<tr>
<td>Rob Sanderson</td>
<td>Loop Capital</td>
<td>Lowers</td>
<td>Buy</td>
<td>$16.00</td>
<td>$20.00</td>
</tr>
<tr>
<td>Anindya Das</td>
<td>Nomura</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$13.00</td>
<td>$15.00</td>
</tr>
<tr>
<td>Rohit Kulkarni</td>
<td>Roth MKM</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$13.00</td>
<td>$19.00</td>
</tr>
<tr>
<td>Brad Erickson</td>
<td>RBC Capital</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$17.00</td>
<td>$24.00</td>
</tr>
<tr>
<td>Itay Michaeli</td>
<td>Citigroup</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$10.00</td>
<td>$18.00</td>
</tr>
<tr>
<td>Ross Sandler</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$14.00</td>
<td>$20.00</td>
</tr>
<tr>
<td>John Blackledge</td>
<td>TD Cowen</td>
<td>Lowers</td>
<td>Hold</td>
<td>$15.00</td>
<td>$18.00</td>
</tr>
<tr>
<td>Benjamin Black</td>
<td>Deutsche Bank</td>
<td>Lowers</td>
<td>Hold</td>
<td>$11.00</td>
<td>$15.00</td>
</tr>
<tr>
<td>Doug Anmuth</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$15.00</td>
<td>$18.00</td>
</tr>
<tr>
<td>Brian Pitz</td>
<td>BMO Capital</td>
<td>Lowers</td>
<td>Market Perform</td>
<td>$13.00</td>
<td>$19.00</td>
</tr>
<tr>
<td>Lloyd Walmsley</td>
<td>UBS</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$12.00</td>
<td>$15.00</td>
</tr>
<tr>
<td>Scott Devitt</td>
<td>Wedbush</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$12.00</td>
<td>$19.00</td>
</tr>
<tr>
<td>Ken Gawrelski</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$12.00</td>
<td>$17.00</td>
</tr>
<tr>
<td>Mark Mahaney</td>
<td>Evercore ISI Group</td>
<td>Lowers</td>
<td>In-Line</td>
<td>$17.00</td>
<td>$18.00</td>
</tr>
<tr>
<td>Youssef Squali</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Hold</td>
<td>$13.00</td>
<td>$18.00</td>
</tr>
<tr>
<td>Shyam Patil</td>
<td>Susquehanna</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$10.00</td>
<td>$18.00</td>
</tr>
<tr>
<td>Michael Graham</td>
<td>Canaccord Genuity</td>
<td>Lowers</td>
<td>Buy</td>
<td>$18.00</td>
<td>$23.00</td>
</tr>
<tr>
<td>Conor Cunningham</td>
<td>Melius Research</td>
<td>Announces</td>
<td>Hold</td>
<td>$15.00</td>
<td>-</td>
</tr>
<tr>
<td>Ken Gawrelski</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$17.00</td>
<td>$18.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Lyft. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Lyft compared to the broader market.</li>
<li>Price Targets: Analysts predict movements in price targets, offering estimates for Lyft's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Lyft's market standing. Stay informed and make data-driven decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/LYFT/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Lyft analyst ratings.</a>
<h2>Unveiling the Story Behind Lyft</h2>
Lyft is the second-largest ride-sharing service provider in the us and Canada, connecting riders and drivers over the Lyft app. Incorporated in 2013, Lyft offers a variety of rides via private vehicles, including traditional private rides, shared rides, and luxury ones. Besides ride-share, Lyft also has entered the bike- and scooter-share market to bring multimodal transportation options to users.
<h3>Key Indicators: Lyft's Financial Health</h3>
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
Revenue Growth: Lyft's remarkable performance in 3 months is evident. As of 30 June, 2024, the company achieved an impressive revenue growth rate of 40.64%. This signifies a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Industrials sector.
Net Margin: Lyft's net margin is impressive, surpassing industry averages. With a net margin of 0.35%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 0.94%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Lyft's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 0.1% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: Lyft's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 2.01.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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