Buy, Sell or Hold: Lyft (LYFT-Q) — Stock Predictions at Stockchase

NASDAQ:LYFT

13.83

0.88 (6.80%) 1d

Showing 1 to 11 of 11 entries

BUY

As a 5-year hold Yes, because it's a global leader in ride shares. Its compound annual growth rate is probably 25% over the next 5 years. It's doesn't matter if it's down 80% from its highs. Lyft is well-positioned for the future. They're freezing hiring (though still want drivers) for the rest of the year. This doesn't change demand for rides. He added to his holdings today. We've started to see more drivers and rates declining.

BUY

Allan Tong’s Discover Picks Ride-sharing remains unprofitable. Lyft's PE is -11.3x and its profit margin stands at -43.05% despite gross margins of almost 33%. Also, Lyft—like so many tech stocks—doesn't pay a dividend. However, Lyft has navigated the bumpy road of recovery well. It has beaten its last four quarters by wide margins, and Wall Street expects 68% upside in the stock to $71.38. Consider this a spec buy, but a risk worth taking if you are patient in 2022. Read Travel Stocks for 2022 + 1 Low Risk ETF for our full analysis.

BUY on WEAKNESS

No one is worried about megacap tech stocks and that's a worry. Snap, Twitter and Pinterest, also Lyft have slid around 25% from their highs, and these are buying opportunities in the coming months.

BUY

Market outlook for the rest of 2021 Zoom may have capitualated today as sellers are exhausted. Maybe it's time to look at them, as well as Lyft and Twitter. Lyft is a much better company than Uber. Also, resources stocks had a huge run, then sold off, well Alcoa can rally into year's end.

BUY

It's handling this choppy reopening (i.e. driver shortage) better than Uber. On Friday, a California court just struck down the appeal which states that drivers are freelancers (they are employees, says the judge), so the cost of rides in CA will soar. Despite that, Lyft rebounded today 3% though down more than 15% so far this year. He thinks the stock has bottomed.

RISKY BUY

Lyft vs. Uber Lyft had a better quarter, so he prefers that, but this is a speculative industry.

WATCH

He suspects drivers will get more expensive, which will raise Lyft's costs. He bases this from what Doordash said last night about a driver shortage. That said, Lyft popped 3% today. Keep an eye on Monday if/when analysts raise their price targets.

BUY

This and Uber benefited from California voters rejecting proposition 22 which would have classified their drivers as employees, which would have increased their costs. Lyft shot up today.

WAIT

Lyft vs. Uber Technically, the better time to get in is when they start to show positive divergences. Hint of that, but it's not conclusive. No analysis to show that one is better than the other. Suspect they'd follow the same seasonality as technology. Wait until you see signs of selling exhaustion, which is not apparent yet.

DON'T BUY

Lyft went public just before Uber, and it's well below. It's profitless prosperity. You can get money from investors regardless of making money, without even having potential to make money but at one point the game will be up.

WATCH

Came out at $72 and shot up to low 80s, and now at 69. Valuation looks reasonable based on sales multiples. Biggest problem for these "unicorns" is they also have losses of billions of dollars. He's skeptical, though not skeptical enough to short it. Worth watching to see how the whole story unfolds.

Showing 1 to 11 of 11 entries

Lyft(LYFT-Q) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 4

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 4

Stockchase rating for Lyft is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

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, 4 stock analysts published opinions about LYFT-Q. 4 analysts 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 never recommended as a Top Pick on Stockchase. 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?

4 stock analysts on Stockchase covered Lyft In the last year. It is a trending stock that is worth watching.

What is Lyft stock price?

On 2022-10-04, Lyft (LYFT-Q) stock closed at a price of $13.83.

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