Lyft (LYFT-Q)
NASDAQ:LYFT
16.23
0.63
(3.74%) 1d
Financials
Technical Analysis
Buy, Sell or Hold?
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This summary was created by AI, based on 2 opinions in the last 12 months.
Lyft is currently facing considerable scrutiny regarding its operational costs, particularly those associated with self-driving technology, which some experts believe could be financially detrimental in the long run. Despite this concern, there is a perspective that the stock has become attractive for investors, having declined by 28% this year. This decrease has led analysts to view the stock as being fairly priced in the current market, particularly given Lyft's competitive positioning alongside Uber, which creates a duopoly in the rideshare industry. While the previous valuation of Lyft may have been perceived as inflated, many experts now believe that it presents a reasonable investment opportunity as the market adjusts. Overall, investors should weigh the risks of operational challenges against the potential for growth in a competitive landscape.
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.
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 : 3 out of 5
Bullish - Buy Signals / Votes : 1
Neutral - Hold Signals / Votes : 1
Bearish - Sell Signals / Votes : 1
Total Signals / Votes : 3
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. 1 analyst recommended to BUY the stock. 1 analyst 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?
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 2025-05-15, Lyft (LYFT-Q) stock closed at a price of $16.23.
Is surprised with its weakness. Nobody talks about the costs of operating self-driving cars, like insurance, and the costs could be disastrous for Lyft.