In This Article:
We recently published a list of What Sent These 10 Stocks Soaring Today? In this article, we are going to take a look at where Lyft, Inc. (NASDAQ:LYFT) stands against other Friday’s best-performing stocks.
The stock market edged lower on the last day of the trading week as investors sold off positions to mitigate risks from the anticipated trade talks between the US and China this weekend.
The Dow Jones and the S&P 500 both fell by 0.29 percent and 0.07 percent, respectively. In contrast, the tech-heavy Nasdaq ended flat.
Beyond the major indices, 10 companies traded strongly, finishing with as much as double-digit gains, thanks to the continued positive earnings performance and optimistic outlooks.
In this article, we name Friday’s 10 best-performing stocks and detail the reasons behind their gains.
To come up with the list, we considered only the stocks with a $2-billion market capitalization and $5-million trading volume.
A ridesharing passenger and driver in a car, looking out the window in anticipation of their destination.
Lyft, Inc. (NASDAQ:LYFT)
Lyft Inc. saw its share prices soar by 28.08 percent on Friday to end at $16.65 apiece after reporting profitability in the first three months of the year.
According to the company, it achieved a net income of $2.6 million during the period, a reversal from the $31.5 million net loss in the same period last year, as revenues grew by 13.5 percent to $1.45 billion from $1.277 billion year-on-year.
Gross bookings also grew by 12.7 percent to $4.28 billion from $3.69 billion in the same comparable period, supported by the increase in the number of active riders and ridership.
For the second quarter, Lyft, Inc. (NASDAQ:LYFT) said it expects ridership to grow mid-teens year-on-year.
Gross bookings are also targeted to settle between $4.41 billion and $4.57 billion, or a 10 to 14 percent year-on-year growth.
“With our expansion into new demographics via Lyft Silver and into Europe with our planned FREENOW acquisition, we’re putting all the pieces in place for sustained, market-leading performance,” said Lyft, Inc. (NASDAQ:LYFT) CEO David Risher.
Overall, LYFT ranks 1st on our list of Friday’s best-performing stocks. While we acknowledge the potential of LYFT as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than LYFT but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.