Lyft (LYFT) closed at $13.41, down -1.4% from the previous session, lagging behind S&P 500’s gain. Analysts expect Lyft’s earnings report to show $0.23 per share, a 21.05% increase YoY, with revenue forecasted at $1.55 billion, up 26.54%. The Zacks Rank system rates Lyft as #3 (Hold) with a Forward P/E ratio of 12.92, indicating potential upside.

LYFT, targeting millennial and Gen Z audiences, generated nearly $1 billion in revenue last quarter. Director of Research Sheraz Mian identifies it as a top pick for explosive upside potential. A recent pullback presents an ideal entry point. Zacks experts predict significant growth potential, surpassing previous picks like Nano-X Imaging, which shot up +129.6% in 9 months.

Read more at Nasdaq: Lyft (LYFT) Stock Drops Despite Market Gains: Important Facts to Note