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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 -€0.560 (-5.030%).
With 14 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
As a result the target price of 20 € shows a very positive potential of 89.04% compared to the current price of 10.58 € for LYFT Inc.

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