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Lyft, Inc. (LYFT) operates a peer-to-peer marketplace for on-demand ridesharing in the United States and Canada. 
The company operates multimodal transportation networks that offer riders personalized and on-demand access to various mobility options.
It provides Ridesharing Marketplace, which connects drivers with riders; Express Drive, a flexible car rentals program for drivers; Lyft Rentals that provides vehicles for long-distance trips; and a network of shared bikes and scooters in various cities to address the needs of riders for short trips.
The company also integrates third-party public transit data into the Lyft app to offer riders various transportation options.
In addition, it offers access to autonomous vehicles; centralized tools and enterprise transportation solutions, such as concierge transportation solutions for organizations; Lyft Pink subscription plans; Lyft Pass commuter programs; first-mile and last-mile services; and university safe rides programs.
Shares have formed a bullish "double bottom" formatiion and higher share prices are expected. Note the 50-day MA and how it is supporting the formation. The company reports November 7th.
Entry Point: $11.15
Stop Loss: $10.50
Trading Range: $7.85 to $18.36
Target Price: $12.50
