Lyft shares should only be worth $59 according to valuation guru

Lyft shares should only be worth $59 according to valuation guru

7 years ago
Anonymous $syBn1NGQOq

https://www.cnbc.com/2019/04/09/lyft-shares-should-worth-59-nyu-stern-professor-aswath-damodaran.html

When Lyft went public on March 29, it was valued at more than $20 billion, with shares priced at $72. Lyft shares have since declined and closed below the IPO price at $70.23 today, in part because of investors' worries over its nearly $1 billion in losses last year, and its high valuation.

The ride-hailing company should be trading closer to $59 per share, and valued closer to $15 billion, according to Aswath Damodaran, who teaches corporate finance and valuation at the Stern School of Business at New York University. That would imply about a 16% drop from today.