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Many younger Americans are opting to forego car ownership in the era of ride-hailing. It’s not just costly to buy or finance a new vehicle in this tough inflation-plagued economy, but car insurance, gas (or charges if you’re using an electric vehicle), regular maintenance, oil changes, tolls, and parking (as well as the occasional ticket) really do add up. And while you can Uber (or Lyft) to most places in the city, one does forgo a bit of freedom to go on those spontaneous road trips or bulk hauls over at the local Costco. Indeed, with grocery delivery becoming the new norm for many young families and ride-hailing the new way to get around, I’d argue that the most economically viable move is to stick with ride-hailing rather than vehicle ownership. At the end of the day, it’s nice and flashy to have your own car, but it’s a liability and a very expensive one to park in your garage. While lifestyle should definitely play a major role in one’s decisio
The likes of UBER, DASH,and LYFT ride the gig economy boom, offering investors flexible plays in a $2.15T market by 2033.
Buying and holding quality stocks is one of the most efficient ways to build wealth. Three Motley Fool contributors believe now is a great time to consider buying shares of Alibaba (BABA 0.13%), Lyft (LYFT -0.76%), and RH (RH -1.05%) (formerly Restoration Hardware).
Uber's global scale, diversification, and strong network effect make it a safer long-term investment than Lyft, justifying its valuation premium. Lyft offers a cheaper valuation and solid growth, but its smaller scale and higher uncertainty make it riskier and less compelling for long-term investors. Uber's superior profitability, execution, and ability to capture industry trends support my Buy rating, while Lyft's upside is more speculative, earning a Hold.
George Gianarikas, Canaccord Genuity analyst, joins 'The Exchange' to discuss robotaxi's impact on Uber and Lyft.
JPMorgan Chase (JPM) and Bank of America (BAC) have recently outperformed the SPX, but Baird downgraded both stocks as the macro environment shifts. Canaccord downgraded and cut price targets on Uber Technologies (UBER) and Lyft Inc. (LYFT) as Tesla (TSLA) ramps up its showing in autonomous driving.
EXEL, LYFT and KGC have all seen notable broker upgrades recently. Here???s why they may offer solid returns ahead.
Investors with an interest in Internet - Services stocks have likely encountered both Lyft (LYFT) and Shopify (SHOP). But which of these two stocks offers value investors a better bang for their buck right now?
Lyft introduced its first-ever Driver Autonomous Forum on Thursday, a new initiative designed to engage seasoned drivers in shaping key strategies as the company begins integrating robotaxis into its ride-hailing service.
Lisa Thomas, Managing Director and Deputy Head of Global Research at TD Cowen, sees strong mid-cap upside driven by policy clarity. She highlights Lyft and Planet Fitness as undervalued turnaround plays with high growth potential.