Keep an eye on Lyft Inc. (LYFT).

After a rough few months, the stock is showing big signs of life again. For one, the company has new CEO David Risher, as of April.  Two, he appears very bullish, buying 100,000 shares of LYFT for just over $1.1 million. Three, the company just posted strong second-quarter earnings, which were unfortunately overshadowed by a mixed outlook. However, the recent pullback on the mixed outlook may be an opportunity, as the new CEO turns the ship around.

Inflation is gouging your savings and threating your retirement. Click here to see how to exploit rising costs and grow your account.

Analysts like the stock, too.  Loop Capital just raised its price target to $12 from $9. DA Davidson raised its price target to $11.50 from $9.75. And Barclays raised from $10 to $13.


Ian Cooper