Forget Lyft: Here Are 3 Reasons Uber Is the More Brilliant Stock to Buy in 2024

When it comes to consumer internet stocks, investors might be eyeing Lyft (LYFT 3.52%) as a potential buying opportunity right now.Its revenue growth accelerated in the most recent quarter, and it enjoys a strong competitive advantage thanks to network effects. And its stock, which is 80% below its peak price, currently trades at an affordable price-to-sales ratio of 1.3.These might appear to be compelling arguments for scooping up shares of Lyft, but this would be the wrong move because its chief rival is ...