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Lyft's Stock Price Is Crashing, but It's Not a Buying Opportunity

TheMotleyFool

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Lyft's Stock Price Is Crashing, but It's Not a Buying Opportunity: https://g.foolcdn.com/editorial/images/731421/talk-to-us-42.png

(NASDAQ: LYFT) is cutting costs and making moves to improve profitability as it trails behind bigger rival Uber. Fool.com contributor and finance professor Parkev Tatevosian discusses why Lyft's stock price crash is not a buying opportunity.

*Stock prices used were the afternoon prices of May 5, 2023. The video was published on May 7, 2023.

Source Fool.com

LYFT Inc Stock

Heavy losses for LYFT Inc today as the stock fell by -€0.331 (-3.420%).
With 0 Sell predictions and 1 Buy predictions the community sentiment towards the LYFT Inc stock is not clear.
Based on the current price of 9.34 € the target price of 19 € shows a potential of 103.36% for LYFT Inc which would more than double the current price.

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