Lyft stock appears undervalued with strong fundamentals despite long-term risks from autonomous vehicles.

Lyft is currently seen as undervalued based on its financial fundamentals, including a low non-GAAP P/E of 10.55, GAAP P/E of 1.87, 10.55% revenue growth, and a strong net income margin of around 44%. Although autonomous vehicles pose a long-term threat to its business, this transition is expected to be gradual, and Lyft could become an attractive acquisition target. The current stock price reflects these risks but also offers a compelling risk/reward profile for investors.