Lyft's Double Downgrade Doom

Early Bird Prime for April 6, 2025 

Lyft $LYFT ( ▲ 1.45% ) is the ride-sharing company that’s been taking us places since 2012, and now, in 2025, it seems to be taking its investors in the wrong direction. This year, Lyft has been off to a rough start. The stock is down 20.59% in 2025.

Just when you thought it couldn’t get any worse, Bank of America decided to rain on Lyft’s parade with a double downgrade this week, taking it from a Buy to an Underperform and dropping the price target. Ouch! The bank cited a lack of confidence in Lyft’s near-term prospects, especially after seeing the company’s average transaction value decline. And let’s not forget the looming threat of Waymo, the self-driving car company that’s revving its engines and ready to steal Lyft’s thunder.

But before you start writing Lyft’s eulogy, let’s consider the silver lining. For the brave souls who call themselves Lyft bulls, this could be the perfect opportunity to buy the stock at a discount.

The company is still growing its revenue, and its Premium Ride Offerings are zooming ahead. Plus, Lyft’s embrace of technology could give it a turbo boost in the competitive ride-share market.

So, should you buy the dip on Lyft now or steer clear of this stock? Here’s the answer:

Subscribe to Early Bird Prime to read the rest.