The Ultimate Growth Stock to Buy With $1,000 Right Now

The name Uber (NYSE: UBER) has practically become synonymous with ride-hailing... at least within the United States. And understandably so. Uber Technologies didn't just mainstream the business here. It controls roughly three-fourths of the country's ride-hailing market, according to Bloomberg.Uber isn't the only ride-hailing name capitalizing on the country's changing personal mobility norms though. While it's still a distant second in terms of market share, Lyft (NASDAQ: LYFT) is arguably the much better growth investment right now. Uber shares have been soaring, leaving them at an uncomfortably high valuation. Lyft shares, however, continue to drift sideways despite the company's recent swing to profitability that's expected to widen for at least the foreseeable future.For years it felt like there was only room for one ride-hailing titan within the U.S. market. But the industry's ongoing growth is forcing investors to rethink this presumption. Lyft's continued revenue growth finally pushed the company out of the red and into the black in 2024. And analysts expect more of the same progress at least through 2027, making Lyft unquestionably fiscally viable.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool