Lyft: First Wait For The Profits, Then Brace For The Upside (Rating Upgrade)
Lyft(LYFT) Seeking Alpha·2024-07-30 16:03
Images By Tang Ming Tung/DigitalVision via Getty Images LYFT Stock Price I last covered LYFT in December where I explained why I was downgrading the stock due to valuation. That proved to be fortuitous timing as the stock has since underperformed the broader market by around 30%. That kind of underperformance can alleviate a great deal of valuation concerns, especially as the company continues to execute strongly. In the most recent quarter, LYFT generated 27.5% YoY revenue growth to $1.277 billion and 21% ...