Lyft lags far behind Uber in market cap, but it has seen three consecutive profitable quarters. The company has catalysts for future growth, despite its $8 billion market cap compared to Uber’s $200 billion. Lyft’s revenue has increased by 12% in the first half of the year, totaling over $3 billion. The company’s net income has also improved significantly to $42.9 million. Lyft’s focus on service levels and new initiatives could lead to further growth. With potential for increased ridership and improved margins, Lyft may still be a good investment opportunity with its modest valuation.

Read more at Nasdaq: Up 60% This Year, Can Lyft’s Stock Continue Rallying?