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Up 60% This Year, Can Lyft's Stock Continue Rallying?

The Motley Fool Logo The Motley Fool By David Jagielski
Up 60% This Year, Can Lyft's Stock Continue Rallying?

Lyft has shown significant financial improvement, with three consecutive profitable quarters and a 60% stock increase this year. Despite being smaller than Uber, the company is expanding its rider base and exploring new service initiatives.

Insights
CEG   positive

Benefiting from tech companies' interest in restarting and utilizing nuclear power facilities


LYFT   positive

Demonstrated consistent quarterly profits, revenue growth of 12%, increased active riders to 26.1 million, and potential for future expansion through new service initiatives