NasdaqGS:LYFTTransportation
Lyft (LYFT) Stock Looks Cheap As Shares Remain Down 69%
Lyft stock is coming off a mixed five year stretch, with the share price down sharply over that window but still posting a 10.1% gain over the past year. The latest valuation checks suggest the market may be pricing it on the cheap side rather than at a clear premium.
Lyft has delivered a decline of 68.8% over the past five years, which puts the recent recovery into context for anyone weighing today’s valuation against a much lower long term base.
On the business side, new partnerships such...