Lyft Takes Off: Record Numbers, Europe Expansion, and Analyst Support from Goldman Sachs. They See 50% Potential.

Lyft (LYFT) operates a digital mobility platform that connects drivers and passengers through an app. The company faces Uber as its biggest competitor, which is currently performing very well. The stock shows relative strength, while Lyft itself has lagged behind, remaining at the level of the bear market in 2022. The company presented its quarterly results on Thursday evening (May 8) and reported strong growth in active users and the number of rides – both metrics reached new record levels. A significant boost in growth also resulted from...