The Long Investor
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$LYFT - WATCHLIST -
🕑 Added 2025-05-09 12:16:59 +0000 UTCPost ER and $LYFT is up +10% in the PM and there are no changes to our chart.
I highlighted this during the week and said we have a breakout of the channel and the price is testing the 200 Day MA leading into earnings.
A surprise profit report for Q1 has been welcomed favourably and now we have a clean breakout above the 200 Day MA.
A retest of the $13.10 200 Day MA would be the ideal entry point if you are not in here already
And I continue to see a route back to the blue line at $20 next.
Lyft's 
LYFT shares rose early Friday as it unexpectedly swung to a first-quarter profit amid double-digit gains in gross bookings, while the ride-hailing company forecast continued growth for the key metric in the ongoing three-month period.
Gross bookings, a key indicator of the scale and impact of its overall platform, are anticipated to come in between roughly $4.41 billion and $4.57 billion for the second quarter, the company said late Thursday. The guidance range represents annual growth of around 10% to 14%, while the current consensus on FactSet is for $4.49 billion. In the March quarter, the metric advanced 13% year over year to $4.16 billion, topping the Street's view for $4.14 billion.
