Lyft (LYFT) closed at $12.57, up 1.7% from the previous day, outperforming the S&P 500. Shares rose by 9.87% in the past month, exceeding sector and market gains. Earnings per share (EPS) are estimated at $0.19, with revenue expected to hit $1.42 billion. Analysts’ positive revisions indicate confidence in Lyft’s performance.

Lyft’s Zacks Rank #3 (Hold) reflects analyst confidence in the company’s future. The stock has a Forward P/E ratio of 16.35, lower than the industry average. LYFT boasts a PEG ratio of 0.4, signaling potential growth. The Internet – Services industry, where LYFT belongs, ranks in the top 39% of industries.

Zacks experts have identified a top stock with potential to double in value. This company targets younger demographics and generated nearly $1 billion in revenue last quarter. Now is a good time to invest, as the stock is poised for explosive growth. Interested investors can access the full report on Zacks.com.

Read more at Nasdaq: Lyft (LYFT) Outperforms Broader Market: What You Need to Know