Lyft plans to start adding autonomous vehicles (AVs) to its ridesharing platform as soon as this summer.
Lyft (LYFT) reachead $11.72 at the closing of the latest trading day, reflecting a +1.65% change compared to its last close.
Lyft (LYFT -4.32%) has long been the No. 2 in ridesharing, but the company has now built a nice business with optionality to grow in the core business and autonomy.
Lyft's stock is undervalued, trading at a steep discount to Uber, despite achieving GAAP profitability and maintaining a strong balance sheet. Wall Street appears concerned with the company's relative underperformance to Uber. Autonomous vehicles pose a significant risk, but at a 0.75x sales multiple, Lyft's valuation appears attractive with a fair value estimate of $17 per share.
With Lyft shares moving south, we asses the investment worthiness of the stock at current levels.
At the Morgan Stanley 2025 Technology, Media & Telecom Conference on March 4, 2025, Lyft (LYFT 2.73%) CEO David Risher detailed the company's progress and strategic vision. With a Moneyball Superscore of 40/100, Lyft ranks in the lower half of companies, but the company still shows strengths in some areas.
Lyft, Inc. (NASDAQ:LYFT ) Morgan Stanley Technology, Media & Telecom Conference March 4, 2025 4:50 PM ET Company Participants David Risher - CEO Conference Call Participants Unidentified Analyst All right. Good afternoon, everyone.
Lyft (LYFT 1.56%) is a sleeper in both autonomy and artificial intelligence (AI). But the company has a clear vision of how to become a leader in the space, dramatically increasing its addressable market.
Investors looking for stocks in the Internet - Services sector might want to consider either Lyft (LYFT) or Shopify (SHOP). But which of these two companies is the best option for those looking for undervalued stocks?
With the S&P 500 near its all-time highs, it might seem tough for value-seeking investors to find any real bargains. But if we take a closer look, we can still find a lot of unloved stocks that trade at discounts to their growth potential.
Lyft (LYFT -0.30%) has been on a steady march in improving its financials over the last few years, and that continued in the fourth quarter. But it's the company's upside in autonomy that is most intriguing, which Travis Hoium highlights in this video.
Not a lot of stocks can be bought for less than $20, and many sub-$20 stocks are best avoided by most investors. However, there are some good buys under $20 a share, if you know where to look and what to look for.