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Lyft (LYFT 7.59%) has spent most of its public life in the shadow of Uber Technologies, fighting to prove that a smaller, more focused ride-hailing player can still win. Over the past year, the company has impressed Wall Street by stabilizing its business, improving cash flow, and showing it can operate profitably.
CNBC's "Fast Money" team is joined by Carter Worth, CEO and founder of Worth Charting, to break down the action in Lyft's stock and whether investors should buy in.
Is your portfolio getting thinned out by all the profit-taking that tends to materialize when the market reaches record highs? That's OK.
LYFT rides on robust demand, upward estimate revisions and strategic partnerships to fuel growth and boost shares.
Lyft (LYFT -2.90%), the second-largest ride-hailing company in America, hasn't impressed many investors since its public debut six years ago. It went public at $72, but it now trades at around $15.
A recent single-day stock gain of over 8%, coupled with a noticeable spike in bullish options activity, may be signaling more than just a simple market rally.
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Here is how Lyft (LYFT) and DHI Group (DHX) have performed compared to their sector so far this year.
There is a disconnect between Lyft's fundamentals and its current market price. The rideshare industry provides tailwind, and the company's recent earnings reports provide bright spots not recognized by the market. LYFT's domestic partnership and global expansion reflect proper investment decisions by management.