Lyft's User Base Could Peak Soon

Ridesharing company Lyft (NASDAQ: LYFT) has been enjoying solid user growth over the past few years, although that growth is quickly decelerating. The company had 22.3 million Active Riders on its platform at the end of Q3, but that was only up approximately 500,000 quarter over quarter -- the slowest sequential growth in three years.

One Wall Street analyst worries that Lyft's user base could peak soon.

Data source: SEC filings. Chart by author.

Continue reading

Source Fool.com