If You'd Invested $1,000 in Lyft Stock 3 Years Ago, Here's How Much You'd Have Today
Lyft (NASDAQ: LYFT) has been a publicly traded stock since March 2019. The company sold 32.5 million shares at $72, raising about $2.3 billion from its initial public offering (IPO).
Initially, the ride-hailing business planned on selling about 30.8 million shares at a price range between $62 and $68. But the share price quickly went south after they began trading. If you decided to invest in Lyft three years ago, how much money would you have now?
Three years ago, you could've bought the company's shares at about $48, or 33% less than the IPO price. However, that didn't turn out to be a bargain price. Currently, the stock trades at around $12, which translates into an astounding 75% loss. If you'd invested $1,000 at the IPO, you'd have less than $250 now.
Source Fool.com
LYFT Inc Stock
We see a rather positive sentiment for LYFT Inc with 16 Buy predictions and 1 Sell predictions.
With a target price of 19 € there is a hugely positive potential of 85.98% for LYFT Inc compared to the current price of 10.22 €.
