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Barchart
Barchart
Mark R. Hake, CFA

Lyft's Cash Flow Soars - But So Has the Stock - Is it Still a Buy?

Lyft TTM Barchart

Lyft Inc. (LYFT) produced strong Q1 results with record trailing 12-month (TTM) free cash flow in an after-hours earnings release on May 8. Since then, LYFT stock has skyrocketed. It may have discounted the good news. But if LYFT keeps making high FCF margins, it could rise further.

LYFT closed at $17.21 on Monday, May 12, up from $12.58 on May 7 (+36.8%) before the earnings came out. It's now up to where it was before the sell-off in April, but still below its 6-month high of $18.59 on Nov. 11, 2024.

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