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It pays to spot promising growth stocks that you can buy and keep for years or even decades. Such stocks can enable the value of your investment portfolio to increase over the years, bringing you closer to your dream retirement.
Lyft remains an attractive small-cap pick, boasting strong bookings growth and new market expansion, despite recent stock outperformance. The company recently acquired the German taxi-hailing app FREENOW, marking the company's first major expansion outside of the U.S. and Canada. Product differentiation through partnerships and new features like Lyft Silver enhances its competitive position versus Uber and other rivals.
Tigress Financial analyst Ivan Feinseth maintained Lyft LYFT with a Buy and raised the price target from $26 to $28 on Wednesday.
Lyft (NASDAQ: LYFT) reported robust Q1 2025 results, showing ongoing operational and financial momentum. Gross bookings grew by 13% year-over-year (y-o-y) to $4.2 billion, while revenue increased 14% to $1.5 billion.
Uber Technologies (UBER 0.72%) and Lyft (LYFT -0.12%) have been longtime competitors in the ride-sharing space. They've done a great job revolutionizing the mature taxi industry through technology.
Tesla Inc TSLA and Lyft Inc LYFT could be rivals in the future, with ride-share drivers and autonomous vehicles competing against each other to get consumers in vehicles.
The gig economy offers multiple advantages. If you wish to make the most of this rising trend, focusing on stocks like AMZN, LYFT and ANGI appears prudent.
There are many notable ‘duos' in the market, a list that includes Uber Technologies UBER and Lyft LYFT. Both companies facilitate the same type of service, though UBER's reach does extend to food delivery and others as well.
LYFT's first-quarter 2025 earnings and revenues improve year over year.
The ride-sharing company's achievement of GAAP profitability, healthy free cash flow generation, and an upsized share repurchase program are signaling to investors that the company may be at a potential turning point.