LYFT is in a tough spot. Frankly, we don't love this one because both it and UBER are SV VC plays built solely on a thesis of private sector autonomous vehicles in coming years. That's the payoff. But there are plenty of signals that suggest that thesis could die of either public-sector rules or a longer timeframe. But expect it to be "in play" tomorrow after better than expected Q2 results. Everyone knew demand would be awful. $32.50 means $40.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.