Lyft (LYFT) Is Up 21.27% in One Week: What You Should Know

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Analysis: Lyft (LYFT) - Lyft currently holds a Momentum Style Score of B and a Zacks Rank of 2 (Buy), indicating strong potential for outperformance [3][4] - Over the past week, Lyft shares have increased by 21.27%, while the Zacks Internet - Services industry remained flat [6] - In a longer timeframe, Lyft's shares have risen by 35.75% over the past month, significantly outperforming the industry's 1.73% [6] - Over the last quarter, Lyft shares have increased by 40.42%, and by 65.24% over the past year, compared to the S&P 500's gains of 9.31% and 17.01%, respectively [7] - The average 20-day trading volume for Lyft is 25,890,020 shares, which is a bullish indicator when combined with rising stock prices [8] Earnings Outlook - In the past two months, 6 earnings estimates for Lyft have been revised upwards, increasing the consensus estimate from $1.10 to $1.18 [10] - For the next fiscal year, 4 estimates have moved up while 1 has been revised down [10] - These positive earnings revisions contribute to Lyft's strong Momentum Score and Zacks Rank [9][11]