2024-04-03 09:00:00 ET
Summary
- Lyft continues to report excellent top/bottom lines while guiding impressive FY2024 numbers, thanks to the new management's successful turnaround.
- Its balance sheet appears to be promising as well, allowing the ride share company to grow sustainably without having to depend on expensive debts.
- Combined with the moderation in its SBC expenses and sustained operational cost optimizations, we may see LYFT generate impressive profitable growth ahead.
- This is especially aided by the nascent advertising opportunities, with it typically being a high growth and high margin segment.
- It goes without saying that readers must also size their portfolios accordingly, due to the stock's elevated short interest of 13.1% at the time of writing.
The LYFT Investment Thesis Has Improved Tremendously, Thanks To New Management
We previously covered Uber Technologies, Inc. (NYSE: UBER ) in an older article, covering the stock's excellent growth prospects, attributed to its profitable growth, market leadership, and healthy balance sheet....
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Lyft: Plenty Of Upside And Room For Competition