Lyft Inc. LYFT is gearing up to report its fourth-quarter earnings after the market on Tuesday, with analysts expecting 22 cents per share in earnings and $1.56 billion in revenue.
Investors are watching closely -- not just for the numbers, but for signs of what's next as Lyft looks to challenge Uber and Tesla in the autonomous ride-hailing race.
Read Also: Lyft Q4 Earnings Preview: Streak Of Revenue, EPS Beats On The Line After Rival Uber's Strong Fourth Quarter
Lyft Bulls Are In The Driver's Seat
Lyft stock is on a strong bullish run, trading above its five-day, 20-day, and 50-day exponential moving averages (EMA) -- a clear sign of continued buying pressure.
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Lyft stock at $15.12, is comfortably above its eight-day simple moving average (SMA) of $13.97, its 20-day SMA of $13.69, and even its 50-day SMA of $14.37, reinforcing its upward momentum.
The 200-day SMA at $13.94 also sits below the current price, flashing another bullish signal. Meanwhile, the Moving Average Convergence Divergence (MACD) indicator at 0.06 further supports the stock's bullish stance.
However, with a Relative Strength Index (RSI) of 63.12, Lyft is nearing overbought territory -- suggesting a potential cooldown or consolidation phase could be on the horizon.
The Robotaxi Race Heats Up
While earnings will dictate the stock's short-term moves, Lyft's long-term trajectory could be shaped by its self-driving ambitions. In a bold move against Uber Technologies Inc's UBER Waymo-powered robotaxis and Tesla Inc's TSLA full self-driving (FSD) ambitions, Lyft has finalized plans to deploy robotaxis powered by Mobileye Global Inc MBLY across Dallas by 2026 -- with further expansion into other markets.
JPMorgan analyst Samik Chatterjee sees the latest announcement as a meaningful competitive step, providing more clarity on timelines, geography, and its fleet operator partner, Marubeni.
However, one key piece is still missing -- an original equipment manufacturer (OEM) partner to supply the vehicles.
Investor Takeaway
With Lyft stock riding a technical uptrend and investors awaiting earnings, the bigger question is whether the company's robotaxi push can drive long-term value.
While the stock's bullish momentum suggests confidence, Wall Street will be watching whether Lyft can deliver the numbers -- and a clear roadmap for its autonomous ambitions.
Read Next:
Lyft Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
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LYFTLyft Inc$14.57-3.64%WatchlistOverviewMBLYMobileye Global Inc$17.59-2.09%TSLATesla Inc$332.02-5.33%UBERUber Technologies Inc$77.21-1.81%Market News and Data brought to you by Benzinga APIs