Is There Any Hope Left for Lyft Stock?
There are a lot of fallen angels from the pandemic-era stock market bubble. Ride-sharing platform (NASDAQ: LYFT) is a textbook example of a pandemic bubble stock.
Its shares are off 85% from their all-time highs even though the company has put up solid revenue growth as investors clamor for these new-age companies to generate true profitability. Lyft has posted a trailing-12-month net loss every quarter since going public in 2019. Not great.
But there are some signs it might be finally turning a corner. With new management taking the reins and cost-cutting initiatives in place, is there hope Lyft stock can finally make a turnaround? Let's take a look.
Source Fool.com
LYFT Inc Stock
€9.98
-1.260%
With 16 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
As a result the target price of 19 € shows a very positive potential of 90.4% compared to the current price of 9.98 € for LYFT Inc.
