Here's Why You Should Hold on to LYFT Stock for Now

Lyft (LYFT) thrives on increased driver availability in a revitalized rideshare market, utilizing competitive pricing and cost-cutting to boost its bottom line. However, worries persist about its liquidity as the company may struggle to meet debt obligations, affecting its stock outlook.Factors Favoring LYFTLyft benefits from increased driver supply. Active riders increased in all four quarters of 2023. Driven by a 10% year-over-year rise in active riders, total revenues increased 4.2% in the fourth quarter ...