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Lyft Inc Class A LYFT Stock Quote

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Morningstar‘s Stock Analysis LYFT

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Is it the right time to buy or sell?

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Lyft Beats Q1 Expectations; Guidance Disappoints; Network Effect Remains Intact; Shares Undervalued

Ali Mogharabi Senior Equity Analyst

Business Strategy and Outlook

| Ali Mogharabi |

In the U.S. market, Lyft has quickly emerged as the number-two ride-sharing player, a position we think the firm will keep for years to come. It has successfully gained share going head to head against the market leader, Uber, in pursuing riders in an addressable market (including taxis, ride-sharing, bikes, and scooters) that we value at over $550 billion (based on gross revenue) by 2024, from our estimate of $224 billion in 2019. In our view, Lyft warrants a narrow economic moat and a stable moat trend rating, thanks to the network effect around its ride-sharing platform and intangible assets associated with riders, rides, and mapping data, which we think can drive Lyft to profitability and excess returns on invested capital.

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Key Statistics LYFT

Company Profile LYFT

Business Description

Lyft is the second-largest ride-sharing service provider in the U.S., connecting riders and drivers over the Lyft app. Lyft recently entered the Canadian market in an effort to expand its market outside the U.S. Incorporated in 2013, Lyft offers a variety of rides via private vehicles, including traditional private rides, shared rides, and luxury ones. Besides ride-share, Lyft also has entered the bike- and scooter-share market to bring multimodal transportation options to users.

185 Berry Street, Suite 5000
San Francisco, CA, 94107
T +1 844 250-2773
Industry Software - Application
Most Recent Earnings Jun 30, 2022
Fiscal Year End Dec 31, 2022
Employees 5,000

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