Despite its massive opportunity, Ives says Lyft faces"a number of potential risks/uncertainty" including competitive pressures from Uber and new entrants, a tough path to profitability in the near-term, an uncertain regulatory picture, and competition in the autonomous driving space. Here's what Lyft said about those risks in itsLyft faces an intense competition from not only Uber, which is set to go public in April, but also a slew of emerging competitors such as Juno and Via.
To counter that, Lyft is developing a fleet of autonomous vehicles in Las Vegas, but is far behind the market leaders. Morgan Stanley has said Waymo, has logged 8 million autonomous miles,Ives holds an $80 target— an 11% premium to the top-end of the $70 to $72 range where Lyft's IPO is set to price. Notably, he is a Tesla bull, with a price target of $390 — 40% above where shares were trading Thursday.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Prosecutors suggest Paul Manafort may be trying to get $1 million out of his forfeitureProsecutors suspect Paul Manafort might be trying to secretly claw back about a million dollars he agreed to hand over to the government for his financial crimes — and he could be using the same type of shell company at the core of his legal problems to fake a loan. Ya gotta give him credit. Oh, but he’s soooooooooooooo sorry 🙄🙄🤦♀️ Idiot
Source: CNN - 🏆 4. / 95 Read more »
Kenyan teacher who gave earnings to poor wins $1M prizePeter Tabichi, who teaches science in semi-arid village of Pwani, was selected out of 10,000 applicants for coveted Global Teacher Prize. Trt world, why do you share same news again and again? I am tired liking the news shared by you again and again 😊😂 please share different news no longer.
Source: trtworld - 🏆 101. / 63 Read more »
Kenyan science teacher who gave most of his earnings away wins $1 million prizePeter Tabichi, who is from a remote village, gave 80 percent of his paycheck away. Now, he won a $1 million teaching prize. The 36-year-old, who was selected out of 10,000 applicants, plans to use his million-dollar prize to help feed the poor and improve the school, which has only one computer, inadequate internet access and no library or laboratory.
Source: ABC - 🏆 471. / 51 Read more »