
Ride-hailing platforms Uber (UBER) and Lyft (LYFT) have grossly underperformed the markets since they went public in 2019. Uber priced its IPO at $45 per share and is currently trading at $39 while Lyft went public at $72 per share and the stock is also currently trading at $39.
The ongoing pandemic has weighed heavily on the top-line of these two companies who are also struggling to report consistent profits. However, Wall Street analysts are bullish on both stocks for 2022.