Lyft Inc Class A
LYFT: XNAS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$77.00 | Kwhdxw | Mclygvhf |
Uber, Lyft, and DoorDash Receive a Favorable California Appeals Court Ruling; No FVE Changes
We maintain our $68, $34, and $159 fair value estimates of Uber, Lyft, and DoorDash, respectively, after the California appeals court ruled in their favor by upholding Proposition 22, meaning drivers and couriers will remain classified as contractors under the state's law.