Seize the Opportunity: Lyft's Ad Sales Surge Points to Rebound

Rideshare operator Lyft Inc. NASDAQ: LYFT finally made good on its path to profitability, scoring its first-ever GAAP profitable quarter. Unfortunately, the good news was overshadowed by its soft forward guidance, which sent shares tumbling 17% following its second-quarter 2024 earnings release. ▼ Lyft Today LYFT Lyft $11.69 +0.02 (+0.17$8.85 $20.82 Price Target$15.87 Add to Watchlist However, the market knows when it sees a bargain, and buyers sweep in quickly, driving shares back to wher ...