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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.

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

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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.

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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.
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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.

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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.
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Lyft(LYFT-Q) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 3

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 3

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, 3 stock analysts published opinions about LYFT-Q. 3 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?

3 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 2021-10-20, Lyft (LYFT-Q) stock closed at a price of $49.41.