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Zhitong
2024.06.06 15:10
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US Stock Market News | Expected 15% YoY Revenue Growth from 24 to 27, Lyft Surges Over 4.6%

On Thursday, Lyft's stock price rose, but the increase narrowed from the pre-market 10%. As of the time of publication, the stock rose more than 4.6%, to $16.25. Lyft announced its financial targets for 2027, expecting a compound annual growth rate of approximately 15% for total bookings from 2024 to 2027, and projecting an adjusted EBITDA profit margin for 2027 of around 4% (calculated as a percentage of total bookings). Uber's stock price also rose, with an increase of over 3.5%, to $68.16

According to the Zhitong Finance and Economics APP, on Thursday, Lyft (LYFT.US) stock price rose, but the increase narrowed from the pre-market 10%. As of the time of publication, the stock rose by over 4.6% to $16.25. Lyft announced its financial targets for 2027, expecting a compound annual growth rate of approximately 15% for total bookings from 2024 to 2027, and an adjusted EBITDA profit margin of around 4% for the full year of 2027 (calculated as a percentage of total bookings).

Uber (UBER.US) stock also rose, with an increase of over 3.5% to $68.16

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