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Lyft (LYFT) Looks Good: Stock Adds 6.6% in Session

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Lyft, Inc. (LYFT - Free Report) was a big mover last session, as the company saw its shares rise nearly 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $37.70–$45.31 in the past one-month time frame, witnessed a sharp increase yesterday.

The stock gained following reports that the company expects to be profitable by the end of 2021.

The company has seen no changes when it comes to estimate revision over the past few weeks, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Lyft currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Investors interested in the Internet - Services industry may consider a better-ranked stock like HealthStream, Inc. (HSTM - Free Report) , which carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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