Lyft Inc traded at $17.26 this Monday February 2nd, increasing $0.39 or 2.31 percent since the previous trading session. Looking back, over the last four weeks, Lyft gained 9.87 percent. Over the last 12 months, its price rose by 24.98 percent. Looking ahead, we forecast Lyft Inc to be priced at 16.35 by the end of this quarter and at 14.89 in one year, according to Trading Economics global macro models projections and analysts expectations.
Lyft, Inc. is a multimodal transportation network in the United States and Canada that offer access to a variety of transportation options through its platform and mobile-based applications. The Lyft Platform provides a marketplace where drivers can be matched with riders via the Lyft App, where it operates as a transportation network company. Transportation options through its platform and mobile-based applications are substantially comprised of its ridesharing marketplace that connects drivers and riders in cities across the United States and in select cities in Canada, its network of bikes and scooters, and the Express Drive program, where drivers can enter into short-term rental agreements with its subsidiary, Flexdrive Services, LLC or a third party for vehicles that may be used to provide ridesharing services on the Lyft Platform. It makes the ridesharing marketplace available to organizations through Lyft Business offerings, such as the Concierge and Lyft Pass programs.