Lyft is expected to achieve positive annual cash flow for the first time in 2024. Its competitor Uber reported positive annual cash flow for the first time in 2023, and Uber's value has doubled since then.
From the chart, it appears that Lyft's bottom is forming over a two-year period. On a daily level, it is also forming a bull flag. The target could reach 27.
From the chart, it appears that Lyft's bottom is forming over a two-year period. On a daily level, it is also forming a bull flag. The target could reach 27.
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Disclaimer
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.