LYFT Soars 37% in 3 Months: Is the Stock Still Worth Betting on Now?

Key Takeaways LYFT stock jumped 36.7% in 3 months, beating peers and the Internet Services industry average. Q1 gross bookings rose 13% to $4.6B, with record 24.4M active riders and 218.4M total rides. LYFT raised its share buyback to $750M, planning to use $200M in the next 3 months alone.Lyft (LYFT) has delivered a solid 36.7% gain over the past three months. This performance easily beats the Zacks Internet Services industry, which returned 6.6% during the same period. The stock has also moved ahead of ...