Uber Technologies Inc. and Lyft Inc. risk a dropoff in demand if rideshare prices continue to increase beyond current levels, according to a report released Tuesday.

Ridesharing has become a highly lucrative fintech niche occupied by two big names: Uber Technologies (UBER) and Lyft (LYFT).

Lyft’s 12-month forward price-to-earnings ratio stands at 13.8, significantly lower than Uber’s 30, highlighting its valuation gap. In 2024, Lyft shares declined 13.94%, but the stock has rebounded 11 ...

The company has beaten analyst estimates for earnings per share in seven straight quarters and nine of the last 10 quarters overall. Read Also: Uber and Lyft Adapt Robotaxi Strategy to Compete in ...

Is Lyft a buy or sell going into earnings? Read our full analysis here ... giving us a hint as to what we can expect. Uber delivered year-on-year revenue growth of 20.4%, beating analysts ...

an Uber spokesperson told BI that its drivers make more than $30 an hour on average. A Lyft spokesperson referred BI to comments that CEO David Risher made this month on the company's earnings ...

Lyft, Inc. Stock Price and EPS Surprise Lyft ... Other Tech Stocks That May Beat Earnings Uber UBER has an Earnings ESP of +1.43% and a Zacks Rank #3 at present. You can see the complete list ...

A group of Minnesota ride-hailing service drivers is now pushing for the right to unionize after winning a minimum wage ...

Gridwise found that Uber drivers’ average weekly gross earnings fell 3.4% in 2024 from a year earlier to $513 while weekly hours increased 0.8%. Lyft drivers saw that number drop almost 14% to $ ...