1 Growth Stock Down 77% to Buy Right Now

Lyft (NASDAQ: LYFT) has been a disappointment for most investors since its IPO in 2019.The stock fell shortly after its debut as cutthroat competition with Uber (NYSE: UBER) sank in and investors balked as both companies posted wide losses. The company continued to struggle during the pandemic's height, as the regular use cases for its service, like commuting, nightlife, and travel, were restricted.In recent years, the stock has remained down, but the business has made dramatic improvements. The company reported its first quarterly profit on a generally accepted accounting principles (GAAP) basis earlier this year as a detente with Uber, in which both companies have scaled back on driver and rider incentives, led to improved results at both companies. It's also rolled out new product improvements under a new management team.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool