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Comment by brentm | Hacker News Reader

Most analysts are positive on company, media and market not so much. I think I'd bet on the analysts being right.

I think eventually for Lyft & Uber prices will creep up, discounts & marketing decrease and plenty of money will be made on a small spread.

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Analysts predict where the stock is going in the short term based on "sentiments" and "emotion". I wouldn't bet anything on them.

if Analysts knew so much they would be rich instead of providing advice, which I've found to be hit or miss, to other people.

They do know a lot. But the work the analysts are doing is price of entry stuff.

You don't make money on Wall Street by "knowing a lot" you make money by knowing one thing that one person opposite you doesn't.

That means you have to know a lot of things that won't make you rich, just to prevent becoming poor.

Of course, they might be totally off base and completely wrong and the company might go to $10 or $0. But when compared to the media who live and die by the dramatic story that garners the most interest and the markets which are amplified by many factors I personally prefer the opinion of those who at least spent time modeling it out. I also personally think transportation is a necessity and Lyft has levers it can pull which can make a big impact in their bottom line.

What levers does lyft have? If they raise the price too high, there's a point where people will go back to cabs (yellowcab has an app now, believe it or not), and now they can opt to drunkenly ride a scooter or ebike for $2-5.

Maybe they're on their way there? Gotta start somewhere. Maybe not ridesharing IPOs though.

That’s not true. They do 12-month price targets based on fundamental financial analysis. It’s the short term that they’re not predicting.

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