Fundamentals show ride-hailer’s rebound likely to stall as the new year progresses
After losing around three-quarters of its market value last year, Lyft‘s shares are up almost 47% this month. A close look at the ride-hailer’s fundamentals suggest that kind of rebound hasn’t yet been earned.
Lyft, which historically kebo88 | slot gacor | situs slot gacor
rel=”noopener noreferer” target=”_blank”>has been dusted by more global competitor Uber Technologies, isn’t suddenly gaining ground. In an initiation report in early January, Jefferies analyst John Colantuoni estimated the ride-hailer ended last year with around 29% U.S. market share to Uber’s 71%. His estimates show Lyft exiting the pandemic in arguably worse shape than it entered it, having lost around 3 percentage points of market share over the last three years.
