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.
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.
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 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
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 WATCH. Read the latest stock experts' ratings for Lyft.
Lyft was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for Lyft.
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.
1 stock analyst on Stockchase covered Lyft In the last year. It is a trending stock that is worth watching.
On 2021-08-04, Lyft (LYFT-Q) stock closed at a price of $49.53.
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.