ridesharing

MKM Partners started coverage of the two rideshare giants, Uber Technologies Inc. (NYSE: UBER) and Lyft Inc (NASDAQ: LYFT) with Neutral ratings, citing regulatory uncertainty in the still developing industry. MKM's Rohit Kulkarni initiated coverage of Uber a price target of $32 and started its...

All urban residents know that taking a car from point A to point B isn't always the best choice. Traffic could be heavy, and taking public transportation makes more sense. Money could be tight, and riding a bike is cheaper. Now with shared bikes and e-scooters populating major U.S. cities, the...

Lyft Inc.'s (NASDAQ: LYFT) strong quarter and acceleration toward profitability shows the overall ride-sharing market is rolling along nicely in the United States, which may bode well for Uber Technologies Inc (NYSE: UBER), sell-side analysts said. Lyft’s results in just its second...

Lyft Inc. (NASDAQ: LYFT) is driving toward profits, and Wedbush thinks investors should hop in the car for the ride. Wedbush upgraded Lyft on the back of a stronger-than-expected quarter for the ridesharing company, citing stronger revenue numbers and hints that the peak loss year is in the...

More than a dozen sell-side analysts issued Buy recommendations Tuesday for Uber Technologies Inc. (NYSE: UBER) as the waiting period on rating the stock expired for banks that worked on its recent IPO. “Uber is a transformational company that should benefit from secular shifts to the sharing...

Sell-side analysts and investors remained generally positive on Uber Technologies, Inc. (NYSE: UBER) after the newly public ride-hailing company’s first-quarter earnings report, which was broadly in line with expectations, missing slightly on earnings but with a revenue beat. Of particular...

Investors responded to Lyft Inc (NASDAQ: LYFT)’s first-quarter earnings with a 4-percent sell-off, but analysts read the mixed report with greater optimism. “Lyft has a long way to go to prove that it can both grow and reach profitability, but results and guidance were a first small...

On the surface, it looks like Lyft, Inc. (NASDAQ: LYFT) and soon-to-be public rival Uber are technology companies. Both companies tout self-driving technology and the word “technology” appears throughout the Uber website. Companies may view themselves through a certain lens and...

Since its June market debut, HyreCar Inc (NASDAQ: HYRE) has steadily tumbled 54 percent. Now it’s got nowhere to go but up, according to Taglich Brothers.  The Analyst  Analyst Howard Halpern initiated coverage of HyreCar with a Speculative Buy rating and $4 price target....

There’s a lot of intermarrying going on in the automotive space. Amid pressure to match pace with accelerating developments in autonomous driving and ride sharing, a few major players either confirmed or were rumored to be exploring partnerships this week. Finally In The Driver’s Seat...

Hertz Global Holdings Inc (NYSE: HTZ) shares are trading lower by $1 (10.5 percent) at $8.70 in Monday's session. The catalyst for the sharp decline was the company announcing Q1 rental revenue and Q1 adjusted EPS will be lower than expected due to excess industry capacity. It affirmed FY...