These Reasons Give Me Confidence for a Comeback
The ride-hailing market is expected to grow by 9.64% per annum to around 322.5 billion USD by 2030
The P/E ratio appears attractive at 14.4
Reading Time: 1 minute
I believe that Lyft (LYFT) offers a good risk-reward ratio at the current level. The 200-day moving average and the defended pivotal price line after a record quarter provide a solid foundation for new long maneuvers. Lyft is pushing for internationalization in Europe with the acquisition of FREENOW and manages to double the market potential with the digital taxi brokerage platform to 300 billion private rides. Autonomous ride services will start this summer in Atlanta with May Mobility. The subsidiary Flexdrive offers comprehensive fleet...
Read this article now with a free account.
Your benefits:
- Every month, you can read 5 articles from the premium section for free.
- Monthly 2 trial issues of the Trader newspaper for free.
- Create a personal watchlist with an overview of news about your stock.
