Stock price when the opinion was issued
Let it go after Q4 results. Concerned that it was reaching saturation in major urban markets. Talked about aggressively pursuing suburban market share, which is harder to serve and likely not as profitable. Slowing growth YOY. Major question marks about fledgling freight business.
Chart shows fairly clear upward move. True leader in its nascent industry, has quickly become a very big part of our society. Stock's down today on news that LYFT has done a deal with Waymo for autonomous vehicles in Nashville. One-day news is just noise.
See his firm's blog under Insights at goodreid.com.
The knock is that self-driving cars are going to be everywhere, and you don't need an intermediary service like this one. But they're doing not only mobility, but also delivery and freight. Good partnership announcements to get into robotaxis. Share buybacks.
Not expensive at 21x, growing visibly at 37%. Lots more to go.
Like Tesla, they need to get to self-driving cars and to be the first there. It's anyone's guess if they do. It's okay to hold a small amount, but not a lot.