Lyft Inc - LYFT 🚕 - Share Chat

I think it should be listed asap after the attention their IPO attracted.

We’ve just added Lyft (& a few other US tech stocks) to the app :blue_car::dash:

I’ve closed this topic to return the votes of everyone who requested this stock but you can carry on discussing Lyft’s future here: Lyft IPO breakdown.

Lyft slides from Code 2019 conf:



image
Source - Code 2019 conf

:pensive:

https://www.bloomberg.com/news/articles/2020-04-29/lyft-will-cut-17-of-workforce-furlough-more-reduce-salaries

In February this year, Lyft’s guidance was they’d achieve cash profitability in the fourth quarter of 2021.

That will almost certainly not the case anymore. Ride hailing would feel the impact of the coronavirus for a long time to come.

I’m actually pretty punchy on Lyft, they have dipped down and adjusted their guidance and they seem cheap given the estimates analysts are giving them.

I wrote up my thoughts on them.

Even with the 22% increase today, I expect them to recover their share price back to their all time high within the next 12 months.

That’s my gamble anyway :smiley:

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