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Lyft: share price rises as 2027 targets appeal

( - Lyft gained more than 5% on the New York Stock Exchange on Thursday, after unveiling financial targets for 2027 that were well received by the market.

At its first-ever investor day, the VTC group said it expected average annual growth in total billings of around 15% over the period 2024 to 2027.

"The market really wanted to see a medium-term growth outlook," recalls a trader. We've got it, and even better, since the consensus was for growth of between 10% and 15%", he adds.

At the same time, the adjusted operating margin (Ebitda) should represent around 4% of these same billings by 2027, added the mobility specialist.

In terms of free cash flow, the San Francisco-based group says it is aiming to convert over 90% of its adjusted Ebitda into cash between 2025 and 2027.

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