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Barchart
Barchart
Yiannis Zourmpanos

30 Million Reasons to Buy LYFT Stock

Lyft (LYFT) finally gave something to its investors: constant growth along with increasing profitability. Lyft reported another better-than-expected quarter, pushing the number of active riders above 30 million for the first time and setting a record of gross bookings at $5.5 billion.

These numbers allowed LYFT stock to reach its peak in the last six months, although still being over 30% below the 52-week high. However, the improving fundamentals of Lyft do not settle the largest debate about the stock. The analysts are divided over the question of autonomous vehicles (AVs), with one group considering Lyft's partner strategy as an advantage and the other believing that Lyft's smaller size makes it more vulnerable than Uber Technologies (UBER).

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