Is LYFT stock a good investment?
Lyft looks attractive for bargain hunters
At about $32 per share, Lyft stock has recovered nearly 120% from its pandemic lows. The stock still spots 50% upside potential relative to its average target price at $48. Currently, Lyft stock trades at 53% below its 52-week high of $68.
Can I buy LYFT stock now?
Lyft stock is not a buy right now, according to IBD analysis. To find the best stocks to buy and watch, check out IBD’s Stock Lists page. More stock ideas can be found on our Leaderboard and MarketSmith platforms.
Is Uber or Lyft a better investment?
While Uber has outperformed through the pandemic thus far, likely due to its Uber Eats food delivery business and its better exposure to international markets, we believe that Lyft could be a better investment due to its stronger financial performance and relatively cheaper valuation.
Who will acquire LYFT?
Google parent company Alphabet has more than doubled its money on Lyft to $1 billion in just 17 months. Between its investments in Uber and Lyft, Alphabet owns a stake worth over $4 billion in ride hailing.
What is the best stock to buy right now?
Best Value StocksPrice ($)12-Month Trailing P/E RatioBrookfield Property REIT Inc. (BPYU)11.821.1Brighthouse Financial Inc. (BHF)26.511.2NRG Energy Inc. (NRG)29.701.8
Why is uber stock so low?
Uber’s stock has tumbled 14% since Monday, when the San Francisco company reported an increased quarterly loss as it outspent rivals on discounts to lure customers and invested heavily in loss-making new business ventures.
Why did LYFT stock drop today?
Lyft’s layoffs were selective, affecting sales and marketing divisions. The company reportedly plans on hiring 1,000-plus employees this year. Ride-share play Lyft is taking it on the chin in today’s market, falling nearly 3% while the broader stock market is managing to eek out gains.
Will LYFT ever be profitable?
In its latest earnings results, the ride-hailing service’s chief executive, Logan Green, said that the company had made progress “on our path to profitability.” He added that Lyft would be profitable, if it excluded a bunch of costs, by late 2021. … “We have put out a firm date to achieve profitability.
Has Uber made a profit yet?
Uber in November promised to be profitable on an adjusted basis by the end of 2021, excluding expenses for stock-based compensation and other items. The company on Thursday said it still expected an adjusted EBITDA loss of $1.25 billion to $1.45 billion for the full year of 2020.
Why is LYFT worth more than Uber?
Uber’s gross revenues are higher than Lyft’s, due to the larger number of trips delivered. However, Lyft’s revenue per trip is about 35% higher than Uber’s, as it only operates in the higher-value U.S and Canadian market. Moreover, Uber’s revenue per ride has declined compared to 2016, while Lyft’s has grown.
Is Uber a good buy?
Valuation still matters and Uber stock is definitely expensive. It still loses money, but the good news is that its price-to-sales ratio is only 2.6x. … Clearly buyers of Uber stock are very realistic about their expectations of future sales growth.