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Lyft (LYFT-Q)
NASDAQ:LYFT
16.58
0.20
(1.16%) 1d
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Lyft is a transportation company founded in 2012 with a focus on improving people's lives and promoting positive change in cities. Despite a 28% decrease in its stock price this year, experts believe it is now at a reasonable valuation and a good buy, especially considering its duopoly with Uber. The company is committed to offsetting carbon emissions and promoting transportation equity through shared rides, bikeshare systems, electric scooters, and public transit partnerships. Social media mentions have also seen a significant increase, indicating growing interest in the company.
Lyft was founded in 2012 by logan green and john zimmer to improve people’s lives with the world’s best transportation, and is available to approximately 95 percent of the united states population as well as select cities in canada. lyft is committed to effecting positive change for our cities by offsetting carbon emissions from all rides, and by promoting transportation equity through shared rides, bikeshare systems, electric scooters, and public transit partnerships. Social media mentions are up 250% in the past 24h.
$18.875
Unknown
Lags Uber while Lyft has fallen off. The stock has based around $10 for the past 1.5 years. The company needs to do something: innovate, change CEO. Maybe you can trade this trading range. Otherwise, you need to see a breakout.
She also finds Lyft interesting under a new CEO, more interesting that Uber. She's watching Lyft more than Uber.
Not a viable competitor to UBER, and the results show it.
The new CEO announced layoffs, which signalled that he bit the bullet and made a good move. Give this two quarters and see.
They keep losing money as there's no path to profitability. It's a bad signal that they want to get rid of their founders.
Two years ago you could have owned both. Today, this game has completely changed. It boils down to management.
Lyft has consistently made up 30% of the U.S. ride-sharing market. Its Q2, released on August 4, boasted an earnings beat with adjusted EPS at $0.13 (on revenue of $991 million) vs. the street's -$0.04 (on revenues of $989 million). Lyft noted that ridership grew 16% over the past year to 19.9 million, the highest level since the pandemic began. Hand-in-hand with that was the number of active drivers also hit a post-Covid high. The company projects Q3 revenues at $1.04-1.06 billion (all figures here in USD).
Lyft(LYFT-Q) Rating
Ranking : 4 out of 5
Bullish - Buy Signals / Votes : 1
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 1
Lyft(LYFT-Q) Frequently Asked Questions
What is Lyft stock symbol?
Lyft is a American stock, trading under the symbol LYFT-Q on the NASDAQ (LYFT). It is usually referred to as NASDAQ:LYFT or LYFT-Q
Is Lyft a buy or a sell?
In the last year, 1 stock analyst published opinions about LYFT-Q. 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Lyft.
Is Lyft a good investment or a top pick?
Lyft was recommended as a Top Pick by on . Read the latest stock experts ratings for Lyft.
Why is Lyft stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Lyft worth watching?
1 stock analyst on Stockchase covered Lyft In the last year. It is a trending stock that is worth watching.
What is Lyft stock price?
On 2024-11-21, Lyft (LYFT-Q) stock closed at a price of $16.575.
Is down 28% this year, so it's now cheap enough to buy, and it enjoys a duopoly with Uber. Shares were overheated before, reasonable now.