Reported 2 days ago
Lyft, Inc. (NASDAQ:LYFT) saw its stock price jump by 31.62% this week, closing at $16.65 after the company reported a net income of $2.6 million, reversing last year's loss. This growth was fueled by a 13.5% increase in revenues and a rise in gross bookings, attributed to a higher number of active riders. Looking forward, Lyft anticipates continued growth in ridership and bookings for the upcoming quarter, bolstered by new expansions. Despite this positive outlook, analysts suggest that AI stocks might offer better investment opportunities.
Source: YAHOO