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Why Lyft (LYFT) Might be Well Poised for a Surge
LYFTLyft(LYFT) ZACKS·2024-11-30 02:21

Lyft (LYFT) appears an attractive pick given a noticeable improvement in the company's earnings outlook. The stock has been a strong performer lately, and the momentum might continue with analysts still raising their earnings estimates for the company.The rising trend in estimate revisions, which is a result of growing analyst optimism on the earnings prospects of this ride-hailing company, should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in ea ...