Lyft: Some Near-Term Heavy Lifting For Longer-Term Growth
Lyft(LYFT) Seeking Alpha·2024-08-14 07:16Abstract Aerial Art/DigitalVision via Getty Images Lyft (NASDAQ:LYFT) stock sold off massive after reporting its Q2 2024 results and outlook, pulling back over 17%, in spite of achieving its first-ever quarter of GAAP profitability. I reiterate my buy rating on Lyft, as I think Lyft is now better positioned to outperform in the second half of FY2024, as we've gotten the negatives out of the way. The stock sold off after earnings as investors panicked due to 1) a slight miss on gross bookings, coming in at a ...