Lyft: First Wait For The Profits, Then Brace For The Upside (Rating Upgrade)
LYFTLyft(LYFT) Seeking Alpha·2024-07-30 16:03
Images By Tang Ming Tung/DigitalVision via Getty Images Lyft (NASDAQ:LYFT) has curiously underperformed by a wide margin this year, in spite of showing both sustained top-line growth and continued margin expansion. While its close competitor Uber (UBER) might be receiving most of the investor love, it is hard to ignore the steep relative discount as well as the high net cash position making up over 15% of the market cap. Management has outlined ambitious medium term targets which may imply that the stoc ...