
Lyft reported solid Q1 results with 14% revenue growth and a 25% increase in adjusted EBITDA to $133 million, driven by strategic partnerships with DoorDash and United Airlines. The company is trading at attractive valuations of 4.2x trailing and 3.6x forward free cash flow, supporting its market share gains. Analyst Gary Alexander highlights Lyft's rising margins, resilient demand, and de-risked entry point amid sector rotation, reiterating a buy rating. These factors suggest Lyft remains a compelling investment opportunity despite broader market highs.