Advanced Flower Capital Azioni (NASDAQ: AFCG)

Ultime notizie per Advanced Flower Capital (NASDAQ:AFCG) Azioni

AFC Gamma

Advanced Flower Capital Inc is a commercial mortgage REIT that provides institutional loans to state-law-compliant cannabis operators in the U.S. Through the management team's deep network and significant credit and cannabis expertise, AFC originates, structures and underwrites loans ranging from $10 million to over $100 million, typically secured by quality real estate assets, license value and cash flows.

Advanced Flower Capital Inc. - Common Stock

Advanced Flower Capital Inc

AFC Gamma Inc COM EX-DISTR 07/09/2024 WHEN ISSUED

<p>RBC Capital  analyst Ashish Sabadra   reiterates Fair Isaac (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FICO#NYSE">FICO</a>) with a Sector Perform and maintains $2040 price target.</p>


News

Price Target

Reiteration

Analyst Ratings

FICO

RBC Capital Reiterates Sector Perform on Fair Isaac, Maintains $2040 Price Target

WIIM

TPVG

TriplePoint Venture Growth shares are trading higher after the company reported better-than-expected Q3 revenue results. Also, Keefe, Bruyette & Woods upgraded the stock from Underperform to Market Perform.

<p>Goldman Sachs  analyst Gabriela Borges   maintains HubSpot (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUBS#NYSE">HUBS</a>) with a Buy and raises the price target from $626 to $690.</p>


HUBS

Goldman Sachs Maintains Buy on HubSpot, Raises Price Target to $690

BNZI

Banzai International shares are trading lower. The company reported preliminary Q3 financial results.

<p>Goldman Sachs  analyst Matthew Sykes   maintains Guardant Health (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GH#NASDAQ">GH</a>) with a Buy and raises the price target from $32 to $36.</p>


Goldman Sachs Maintains Buy on Guardant Health, Raises Price Target to $36

<p>Goldman Sachs  analyst Gabriela Borges   maintains Clearwater Analytics Hldg (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CWAN#NYSE">CWAN</a>) with a Sell and raises the price target from $20 to $22.</p>


CWAN

Goldman Sachs Maintains Sell on Clearwater Analytics Hldg, Raises Price Target to $22

<p>RBC Capital  analyst Arun Viswanathan   maintains DuPont de Nemours (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DD#NYSE">DD</a>) with a Outperform and raises the price target from $102 to $104.</p>


RBC Capital Maintains Outperform on DuPont de Nemours, Raises Price Target to $104

<p>Investors with a lot of money to spend have taken a bullish stance on <strong>CrowdStrike Holdings</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>).</p>
<p>And retail traders should know.</p>
<p>We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.</p>
<p>Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with CRWD, it often means somebody knows something is about to happen.</p>
<p>So how do we know what these investors just did? </p>
<p>Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 17 uncommon options trades for CrowdStrike Holdings.</p>
<p>This isn't normal.</p>
<p>The overall sentiment of these big-money traders is split between 52% bullish and 41%, bearish.</p>
<p>Out of all of the special options we uncovered, 2 are puts, for a total amount of $67,830, and 15 are calls, for a total amount of $1,077,672.</p>
<h3>Projected Price Targets</h3>
<p>After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $150.0 and $500.0 for CrowdStrike Holdings, spanning the last three months.</p>
<h3>Insights into Volume &amp; Open Interest</h3>
<p>Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for CrowdStrike Holdings's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across CrowdStrike Holdings's significant trades, within a strike price range of $150.0 to $500.0, over the past month.</p>
<h3>CrowdStrike Holdings Option Volume And Open Interest Over Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1730997934_0.png" alt="Options Call Chart" /></p>
<h3>Largest Options Trades Observed:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th align="right"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>CRWD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$24.75</td>
<td>$24.6</td>
<td>$24.75</td>
<td>$340.00</td>
<td>$248.0K</td>
<td>254</td>
<td align="right">104</td>
</tr>
<tr>
<td>CRWD</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$175.85</td>
<td>$173.1</td>
<td>$175.06</td>
<td>$150.00</td>
<td>$175.0K</td>
<td>553</td>
<td align="right">10</td>
</tr>
<tr>
<td>CRWD</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$108.1</td>
<td>$107.0</td>
<td>$107.0</td>
<td>$220.00</td>
<td>$128.4K</td>
<td>1.5K</td>
<td align="right">12</td>
</tr>
<tr>
<td>CRWD</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$40.05</td>
<td>$39.5</td>
<td>$39.5</td>
<td>$310.00</td>
<td>$79.0K</td>
<td>482</td>
<td align="right">21</td>
</tr>
<tr>
<td>CRWD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$16.45</td>
<td>$16.1</td>
<td>$16.41</td>
<td>$350.00</td>
<td>$57.4K</td>
<td>3.1K</td>
<td align="right">45</td>
</tr>
</tbody>
</table>
</p>
<h3>About CrowdStrike Holdings</h3>
<p>CrowdStrike is a cloud-based cybersecurity company specializing in next-generation security verticals such as endpoint, cloud workload, identity, and security operations. CrowdStrike's primary offering is its Falcon platform that offers a proverbial single pane of glass for an enterprise to detect and respond to security threats attacking its IT infrastructure. The Texas-based firm was founded in 2011 and went public in 2019.</p>
<p>Having examined the options trading patterns of CrowdStrike Holdings, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance</p>
<h3>Present Market Standing of CrowdStrike Holdings</h3>
<ul>
<li>With a trading volume of 701,710, the price of CRWD is up by 1.18%, reaching $323.77.</li>
<li>Current RSI values indicate that the stock is may be approaching overbought.</li>
<li>Next earnings report is scheduled for 19 days from now.</li>
</ul>
<h3>Professional Analyst Ratings for CrowdStrike Holdings</h3>
<p>Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $400.0.</p>
<p><strong>Unusual Options Activity Detected: Smart Money on the Move</strong></p>
<p>Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights"><strong>Click here for access</strong></a>.<br />
&#x2A; Reflecting concerns, an analyst from JMP Securities lowers its rating to Market Outperform with a new price target of $400.</p>
<p>Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for CrowdStrike Holdings with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.</p>


Options

Markets

CRWD

CrowdStrike Holdings's Options: A Look at What the Big Money is Thinking

<p>Deep-pocketed investors have adopted a bullish approach towards Trade Desk (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTD#NASDAQ">TTD</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in TTD usually suggests something big is about to happen.</p>
<p>We gleaned this information from our observations today when Benzinga's options scanner highlighted 22 extraordinary options activities for Trade Desk. This level of activity is out of the ordinary.</p>
<p>The general mood among these heavyweight investors is divided, with 63% leaning bullish and 27% bearish. Among these notable options, 5 are puts, totaling $310,367, and 17 are calls, amounting to $673,019.</p>
<h3>What's The Price Target?</h3>
<p>Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $50.0 to $160.0 for Trade Desk during the past quarter. </p>
<h3>Volume &amp; Open Interest Trends</h3>
<p>Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Trade Desk's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Trade Desk's whale trades within a strike price range from $50.0 to $160.0 in the last 30 days. </p>
<h3>Trade Desk Option Activity Analysis: Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1730997928_0.png" alt="Options Call Chart" /></p>
<h3>Largest Options Trades Observed:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th align="right"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>TTD</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$7.5</td>
<td>$7.45</td>
<td>$7.45</td>
<td>$110.00</td>
<td>$186.2K</td>
<td>504</td>
<td align="right">250</td>
</tr>
<tr>
<td>TTD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$20.8</td>
<td>$19.7</td>
<td>$20.1</td>
<td>$110.00</td>
<td>$70.3K</td>
<td>729</td>
<td align="right">37</td>
</tr>
<tr>
<td>TTD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$5.25</td>
<td>$4.2</td>
<td>$4.8</td>
<td>$160.00</td>
<td>$69.1K</td>
<td>29</td>
<td align="right">148</td>
</tr>
<tr>
<td>TTD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$13.15</td>
<td>$12.65</td>
<td>$13.04</td>
<td>$125.00</td>
<td>$65.1K</td>
<td>2.5K</td>
<td align="right">66</td>
</tr>
<tr>
<td>TTD</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$41.5</td>
<td>$41.0</td>
<td>$41.35</td>
<td>$90.00</td>
<td>$45.4K</td>
<td>418</td>
<td align="right">32</td>
</tr>
</tbody>
</table>
</p>
<h3>About Trade Desk</h3>
<p>The Trade Desk provides a self-service platform that helps advertisers and ad agencies programmatically find and purchase digital ad inventory (display, video, audio, and social) on different devices like computers, smartphones, and connected TVs. It utilizes data to optimize the performance of ad impressions purchased. The firm's platform is referred to as a demand-side platform in the digital ad industry. The firm generates its revenue from fees based on a percentage of what its clients spend on advertising.</p>
<p>In light of the recent options history for Trade Desk, it's now appropriate to focus on the company itself. We aim to explore its current performance.</p>
<h3>Current Position of Trade Desk</h3>
<ul>
<li>With a volume of 2,669,537, the price of TTD is up 4.78% at $130.77. </li>
<li>RSI indicators hint that the underlying stock may be overbought.</li>
<li>Next earnings are expected to be released in 0 days.</li>
</ul>
<h3>Expert Opinions on Trade Desk</h3>
<p>5 market experts have recently issued ratings for this stock, with a consensus target price of $125.6.</p>
<p><strong>Unusual Options Activity Detected: Smart Money on the Move</strong></p>
<p>Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights"><strong>Click here for access</strong></a>.<br />
&#x2A; An analyst from BTIG has decided to maintain their Buy rating on Trade Desk, which currently sits at a price target of $142.<br />
&#x2A; Maintaining their stance, an analyst from Citigroup continues to hold a Buy rating for Trade Desk, targeting a price of $140.<br />
&#x2A; An analyst from Keybanc persists with their Overweight rating on Trade Desk, maintaining a target price of $130.<br />
&#x2A; An analyst from Macquarie persists with their Outperform rating on Trade Desk, maintaining a target price of $130.<br />
&#x2A; An analyst from New Street Research has revised its rating downward to Sell, adjusting the price target to $86. </p>
<p>Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Trade Desk with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.</p>


Decoding Trade Desk's Options Activity: What's the Big Picture?

<p>Investors with a lot of money to spend have taken a bullish stance on <strong>McKesson</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCK#NYSE">MCK</a>).</p>
<p>And retail traders should know.</p>
<p>We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.</p>
<p>Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with MCK, it often means somebody knows something is about to happen.</p>
<p>So how do we know what these investors just did? </p>
<p>Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 11 uncommon options trades for McKesson.</p>
<p>This isn't normal.</p>
<p>The overall sentiment of these big-money traders is split between 36% bullish and 36%, bearish.</p>
<p>Out of all of the special options we uncovered, 4 are puts, for a total amount of $204,282, and 7 are calls, for a total amount of $211,877.</p>
<h3>Projected Price Targets</h3>
<p>Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $340.0 to $610.0 for McKesson over the last 3 months. </p>
<h3>Volume &amp; Open Interest Trends</h3>
<p>Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for McKesson's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across McKesson's significant trades, within a strike price range of $340.0 to $610.0, over the past month.</p>
<h3>McKesson Call and Put Volume: 30-Day Overview</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1730997923_0.png" alt="Options Call Chart" /></p>
<h3>Significant Options Trades Detected:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th align="right"><strong>Open Interest</strong></th>
<th align="right"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>MCK</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$17.8</td>
<td>$14.0</td>
<td>$14.5</td>
<td>$520.00</td>
<td>$75.4K</td>
<td align="right">32</td>
<td align="right">83</td>
</tr>
<tr>
<td>MCK</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$16.9</td>
<td>$13.7</td>
<td>$14.0</td>
<td>$520.00</td>
<td>$56.0K</td>
<td align="right">32</td>
<td align="right">123</td>
</tr>
<tr>
<td>MCK</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$17.8</td>
<td>$14.5</td>
<td>$14.5</td>
<td>$520.00</td>
<td>$44.9K</td>
<td align="right">32</td>
<td align="right">31</td>
</tr>
<tr>
<td>MCK</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/16/26</td>
<td>$187.0</td>
<td>$178.0</td>
<td>$181.93</td>
<td>$450.00</td>
<td>$36.3K</td>
<td align="right">46</td>
<td align="right">2</td>
</tr>
<tr>
<td>MCK</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/08/24</td>
<td>$37.3</td>
<td>$32.1</td>
<td>$34.0</td>
<td>$565.00</td>
<td>$33.9K</td>
<td align="right">159</td>
<td align="right">124</td>
</tr>
</tbody>
</table>
</p>
<h3>About McKesson</h3>
<p>McKesson Corp is one of three leading pharmaceutical wholesalers in the us engaged in sourcing and distributing branded, generic, and specialty pharmaceutical products to pharmacies (retail chains, independent, and mail order), hospitals networks, and healthcare providers. Along with Cencora and Cardinal Health, the three account for over 90% of the us pharmaceutical wholesale industry. Outside the us market, McKesson engages in pharmaceutical wholesale and distribution in Canada. Additionally, the company supplies medical-surgical products and equipment to healthcare facilities and provides a variety of technology solutions for pharmacies.</p>
<p>Following our analysis of the options activities associated with McKesson, we pivot to a closer look at the company's own performance.</p>
<h3>McKesson's Current Market Status</h3>
<ul>
<li>Currently trading with a volume of 1,075,384, the MCK's price is up by 10.26%, now at $605.65. </li>
<li>RSI readings suggest the stock is currently may be overbought.</li>
<li>Anticipated earnings release is in 90 days.</li>
</ul>
<h3>What The Experts Say On McKesson</h3>
<p>Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $684.0.</p>
<p><strong>Unusual Options Activity Detected: Smart Money on the Move</strong></p>
<p>Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights"><strong>Click here for access</strong></a>.<br />
&#x2A; In a positive move, an analyst from Baird has upgraded their rating to Outperform and adjusted the price target to $688.<br />
&#x2A; An analyst from Evercore ISI Group has decided to maintain their Outperform rating on McKesson, which currently sits at a price target of $680. </p>
<p>Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for McKesson with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.</p>


Spotlight on McKesson: Analyzing the Surge in Options Activity

Life360 shares are trading higher after UBS raised its price target on the stock from $35 to $50.

<p>Goldman Sachs  analyst Michael Ng   maintains Blend Labs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLND#NYSE">BLND</a>) with a Buy and raises the price target from $3.4 to $3.9.</p>


BLND

Goldman Sachs Maintains Buy on Blend Labs, Raises Price Target to $3.9

RXO shares are trading lower. The company reported Q3 financial results.

Equinox Gold shares are trading higher. The company reported Q3 financial results.

<p>Goldman Sachs  analyst Will Nance   maintains AvidXchange Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVDX#NASDAQ">AVDX</a>) with a Sell and raises the price target from $7 to $9.</p>


AVDX

Goldman Sachs Maintains Sell on AvidXchange Holdings, Raises Price Target to $9

XELA

Exela Technologies shares are trading lower after Nasdaq informed the company that its common stock would be delisted, with trading suspended on November 8.

TRIP

TripAdvisor shares are trading lower after Cantor Fitzgerald and UBS cut their respective price targets on the stock.

<p>Shares of <strong>Lyft Inc</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>) were climbing in early trading on Thursday, after the company reported <a href="https://www.benzinga.com/news/24/11/41799780/why-lyft-shares-are-trading-higher-by-over-21-here-are-20-stocks-moving-premarket">upbeat third-quarter results</a>.</p>
<p>The company reported its results amid an <a href="https://www.benzinga.com/earnings">exciting earnings season</a>. Here are some key analyst takeaways.</p>
<ul>
<li>Cantor Fitzgerald <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/596f57cb35f48b00011db3ec/deepak-mathivanan">analyst Deepak Mathivanan</a> maintained a Neutral rating, while raising the price target from $13 to $16.</li>
<li>Roth Capital Partners <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5e3c22772d37ce00019ceb1f/rohit-kulkarni">analyst Rohit Kulkarni</a> reiterated a Neutral rating, while lifting the price target from $13 to $16.</li>
<li>Truist Securities <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58bd551cb85e930001592b02/youssef-squali">analyst Youssef Squali</a> reaffirmed a Hold rating, while raising the price target from $13 to $20.</li>
<li>Wedbush <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58459503ee7bf6000154d075/scott-devitt">analyst Scott Devitt</a> maintained a Neutral rating, while raising the price target to $20.</li>
<li>Piper Sandler <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5981fdcbc1f558000155e858/thomas-champion">analyst Thomas Champion</a> maintained an Overweight rating, while revising the price target higher from $17 to $23.</li>
<li>RBC Capital Markets <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58ecd4830bd9910001845462/brad-erickson">analyst Brad Erickson</a> reiterated an Outperform rating and price target of $17.</li>
<li>Benchmark <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58d3cdb7b85e930001808a59/daniel-kurnos">analyst Daniel Kurnos</a> reaffirmed a hold rating on the stock.</li>
<li>Needham <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/587635595064ed000140010c/scott-berg">analyst Bernie McTernan</a> maintained a Hold rating on the stock.</li>
</ul>
<p><strong>Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a></strong>.</p>
<p><strong>Cantor Fitzgerald</strong>: Lyft&#8217;s third-quarter bookings and EBITDA beat estimates by 1% and 14%, respectively, Mathivanan said in a note. The quarterly results should "re-inspire confidence" in the company's medium-term guidance, he added.</p>
<p>The company maintains &#8220;healthy marketplace operations with stable growth in the near term," the analyst stated. Management's fourth-quarter guidance reflects a modest 17% acceleration in bookings, with "healthy incremental margins" of around 6%, which came in "better than feared" after rival <strong>Uber Technologies Inc </strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) guided to "some deceleration in Rides bookings growth," he further wrote.</p>
<p><strong>Roth Capital Partners</strong>: "Lyft is serving ads in 90% of rides and mgmt. noted that those ads are providing 7x the impact in brand perception and purchase intent and 10x click through vs. average ad performance," Kulkarni wrote in a note. Management expressed confidence in the partnership with <strong>DoorDash Inc</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DASH#NASDAQ">DASH</a>) driving "greater demand based on low customer overlap," he added.</p>
<p>Lyft's third-quarter bookings results and fourth-quarter bookings guidance were both above expectations, the analyst stated. The company is "on track or ahead" of its three-year outlook for bookings, free cash flows, and margins, provided in June, he further said.</p>
<p><strong>Truist Securities</strong>: Lyft's better-than-expected third-quarter results and fourth-quarter guide reflect "improving fundamentals," Squali said. "The company attributed the outperformance to strong demand, as pricing was largely in line with its internal expectations," he wrote.</p>
<p>Lyft guided to fourth-quarter gross bookings of $4.28-$4.35 billion, versus consensus of $4.23 billion, reflecting the recent partnership with DoorDash and the renewal of its 3P insurance agreements, the analyst stated. Management's strategy of improving customer experience, <a>product innovation </a>and pricing were "starting to bear fruit, driving active riders &amp; rider frequency growth," he added.</p>
<p><strong>Wedbush</strong>: Lyft's third-quarter gross bookings grew by 15.6% year-on-year to $4.11 billion, beating consensus of 14.9% growth and management&#8217;s guidance range of $4.0-$4.1 billion, Devitt said. Total revenue of $1.5 billion represented 31.5% growth and outperformed expectations by around 6%, while adjusted EBITDA came in around $13 million higher than the Street's estimate, he added. </p>
<p>"We are encouraged by positive commentary in the quarter suggesting healthy progress along product initiatives and new partnerships," the analyst wrote.&nbsp;"That said, we continue to view management&#8217;s longer-term targets with some skepticism, and we remain sidelined as we wait for clear evidence of a more sustainable growth trajectory for the business," he further stated.</p>
<p><strong>Piper Sandler</strong>: Lyft reported "strong" quarterly results and raised its full-year guidance, Champion said. "LYFT has not noted weakness from a US consumer and product improvements are helping drive costs lower," he wrote.</p>
<p>The company continues to expand in Canada and the DoorDash partnership "sounds like it could be material," the analyst stated. "FCF conversion was again strong (although partially due to one-time benefits) and ride frequency improved again sequentially," he added.</p>
<p><strong>RBC Capital Markets</strong>: The company's quarterly beat on bookings was driven by "upside from rides while active riders were in line with Street," Erickson said. Higher-than-expected take rates led to the revenue upside, he added.</p>
<p>Higher revenues and "better contribution profit flow-through" helped the company post "a big EBITDA beat," the analyst stated. "For its Q4 guidance, the company guided bookings slightly ahead of Street and EBITDA meaningfully ahead of Street," he further wrote.</p>
<p><strong>Benchmark</strong>: Lyft delivered "a much more positive conversion and frequency commentary for their ride-share business" than bigger rival Uber, despite elevated insurance costs, Kurnos said.</p>
<p>"Lyft deserves credit for getting more aggressive with things like reduced surge pricing and being able to focus on specific enhancements and custom use cases, with an added benefit of having more low-hanging fruit in Canada to bolster results," the analyst wrote.</p>
<p><strong>Needham</strong>: The midpoint of Lyft's fourth-quarter guidance for adjusted EBITDA and bookings was around 30% and 4% above expectations, respectively, McTernan said. "This implies gross margins over 40% for the quarter, better than anticipated and an outcome for insurance renewals better than we feared," he added.</p>
<p>The company launched 33 new products and features on its platform this year, which helped driver hours reach a record high in the third quarter, driver growth to outpace business growth, driver preference to be 12% higher than that of Uber and significant frequency gains during the commute hours "which make up nearly half of Monday to Friday rides," the analyst stated.</p>
<p><strong>Price Action:</strong> Shares of Lyft had risen by 23.44% to $17.78 at the time of publication on Thursday.</p>
<p><strong>Read More: </strong></p>
<ul>
<li><strong><a href="https://www.benzinga.com/news/24/11/41798436/lyft-teams-up-with-intels-mobileye-may-mobility-for-robotaxi-services-as-tesla-gears-up-to-enter-aut">Lyft Teams Up With Intel&#8217;s Mobileye, May Mobility For Robotaxi Services As Tesla Gears Up To Enter Autonomous Riding Hailing Market</a></strong></li>
</ul>
<p><em>Image: Shutterstock</em></p>


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