Lyft accelerates on bigger buyback plan, Q1 profit beat

Shares of Lyft LYFT.O rise 6.2% to $13.80 premarket

Lyft hikes stock buyback plan to $750 mln from $500 mln and beats Q1 adjusted EPS estimates, despite slight revenue miss

Sees Q2 gross bookings of $4.4-$4.6 bln vs est of $4.5 bln

"We think concerns over pricing competition have subsided and Lyft builds momentum, particularly in under-penetrated U.S. cities while sowing seeds for international growth," says Roth Capital Partners

Still Roth keeps "neutral" rating saying, "We'd like to see consistent execution along with stable pricing"

Overall, analysts' avg rating is also "hold" and median PT is $15.12 -LSEG data

Analysts avg rating on Uber UBER.N is "buy"

YTD, Uber has gained ~36%, while Lyft is up just ~1%