Lyft: Turnaround with the Support of Major Investors
Hello investors, what do you think of the company's stock at the moment $LYFT+3.0% ?
- Historic Drop:$LYFT+3.0% stock is down 83% since IPO, making it one of the most significant declines in the market.
- First GAAP Earnings : $LYFT achieved its first GAAP earnings, indicating a potential turnaround in the company.
- Billionaire Confidence: Major investors like David Tepper and Ken Griffin have significantly increased their stakes in Lyft, signaling confidence in its recovery.
- Growth and innovation: $LYFT is showingstrong revenue growth and introducing new initiatives to improve the experience for drivers and passengers, which may support its future development.
Lyft, Inc.
LYFTOpen $12.29
Day range $12.11 - $12.66
52 week range $8.85 - $20.82
If I were to buy anything from this sector, it would be $UBER+2.4% stock, but I don't plan to include it in my portfolio either.
I'm looking at the projections. Revenue will probably grow nicely, but earnings per share will be rather stagnant. It's a small market cap company, so it's more of an asymmetric investment for me.