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The Wall Street says Lyft is a better bet than Uber

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SmittenKitten
1988 Rider
 Posted 4 months, 2 weeks ago

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Only one of the ride-hailing stocks is a buy, according to Stifel analyst Scott Devitt.

He initiated coverage of Uber Technologies Inc. shares UBER, -1.58%  with a hold rating on Tuesday, while raising his price target on buy-rated Lyft Inc. sharesLYFT, -2.00%  to $76 from $70. Though Devitt is upbeat about more “rational” price activity in the industry, which he expects to boost Lyft’s stock, he still worries about Uber’s valuation as well as its “significantly long path to profitability.”

Lyft also stands to benefit from its partnerships and strategic positioning, according to Devitt. The company has been working with Alphabet Inc.’sGOOG, +0.89% GOOGL, +0.86%  Waymo self-driving unit, which he expects will “keep the company on the forefront of innovations in the autonomous vehicle space.” Lyft also became an enrolled Medicaid provider in Arizona last week, which allows the company to service as a covered transportation option for patients traveling to doctors’ appointments.

https://www.marketwatch.com/story/lyft-is-a-better-bet-than-uber-analyst-says-2019-07-02

Comments

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    chawes
    739 Rider Guru
     4 months ago

    Cool, so I'll lose less money with Lyft than with Uber? Good to know.

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      Uberserge
      1166 Rider Driver
       4 months ago

      That's what Wall Street is about these days, no one cares about the bottom line, it's all about top line growth, look at these scooter unicorns. 😆

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        chawes
        739 Rider Guru
         4 months ago

        For real. And if wall street is insane, silicon valley is a whole other level of insanity. The money VCs throw at companies which are barely more than ideas is outrageous. And they just keep shoveling money in to companies like Uber and Lyft which are losing money hand over fist.

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          Uberserge
          1166 Rider Driver
           4 months ago

          In the case of U/L VC got astronomical returns and shifted the risk from private to public hands with their IPO. We’ll see how Wall St. will handle billion dollar quarterly losses.

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    outlandish
    196 Rider Driver
     4 months ago

    Medicaid is interesting. Definitely a boost there, though I can't see why Lyft would get it and not Uber. Nevertheless as long as both companies are losing money on every ride I can't see why I should buy them. And when is that gridlock realistically going to end?

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      Uberserge
      1166 Rider Driver
       4 months ago

      Drive sick pax at your own risk, I wouldn't want to get sick for 60 cents a mile. Who knows what they got?

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    Uberserge
    1166 Rider Driver
     4 months ago

    I wouldn't buy either with your money. In fact I shorted Lyft when it went public and got pumped, made more money in couple of weeks than I would make in a month of driving.

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    lionfool
    230 Rider Driver
     4 months ago

    Only an idiot would buy either one. Hello, they are both hemorrhaging money people.