2 Stocks to Avoid Like the Plague
While no one can ever be sure how a particular stock will perform in the long run, there are some stocks that have the odds heavily stacked against them. Two such stocks are (NASDAQ: LYFT) and Fubo (NYSE: FUBO). Your portfolio will thank you for staying away.
Lyft is the no. 2 player in the U.S. ridesharing market. It generated $1 billion of revenue in the first quarter of 2023 from about 19.5 million active riders. On that revenue, it posted a net loss of $187.6 million.
The company managed to grow revenue by 14% year over year in the first quarter, but that growth came at a cost. Gross margin was 45%, down from nearly 50% in the prior-year period. Lyft attempted to keep operating costs in check, but total costs still rose nearly as fast as revenue. Scale is not helping.
Source Fool.com
LYFT Inc Stock
We see a rather positive sentiment for LYFT Inc with 9 Buy predictions and 1 Sell predictions.
With a target price of 20 € there is a positive potential of 37.4% for LYFT Inc compared to the current price of 14.56 €.
