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Where Will Lyft Stock Be in 1 Year?


's (NASDAQ: LYFT) stock plunged 19% on May 5 after the transportation services provider posted its first-quarter report. Its revenue rose 14% year over year to $1 billion and beat analysts' estimates by $18 million.

The company narrowed its net loss from $197 million to $188 million, or $0.50 per share, which still beat the consensus forecast by $0.04 per share. Its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) declined 59% to $23 million.

Lyft cleared Wall Street's low bar, but its weak growth in active riders and soft guidance for the second quarter sank its stock. Should investors bet on a turnaround for Lyft, which now trades nearly 90% below its IPO price, in the next 12 months?

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Source Fool.com

LYFT Inc Stock

€13.02
0.020%
There is nearly no change for the LYFT Inc stock today. Compared to yesterday it only changed by €0.002.
With 22 Buy predictions and 2 Sell predictions LYFT Inc is one of the favorites of our community.
As a result the target price of 18 € shows a positive potential of 38.23% compared to the current price of 13.02 € for LYFT Inc.
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