Reported 1 day ago
Lyft, the ride-sharing platform, is showing strong double-digit growth, with a recent 14% year-over-year increase in rides and positive profitability improvements under new CEO David Risher. Despite concerns about the impact of autonomous vehicles, which could change the ride-sharing landscape, Lyft's current valuation remains attractive. Trading at a fraction of its free cash flow compared to peers, it offers a compelling opportunity for growth portfolios.
Source: YAHOO