There's no sugarcoating it. (NASDAQ: LYFT) has been an absolute dud for investors. As of this writing, shares of the ride-hailing service are 84% below their peak price, which was set back in March 2019. This is a very disappointing performance, but the huge dip might be too hard to pass up for some investors.

So is Lyft a super stock to buy now? Let's take a closer look and see if the company can rev itself up again.

Even in uncertain economic times, when consumer mobility might be under pressure, Lyft is still expanding at a healthy pace. Revenue in the most recent quarter (third quarter of 2023, ended Sept. 30) totaled just under $1.2 billion, representing a 10% year-over-year increase. This was boosted by a 20% jump in gross bookings.

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Source Fool.com