Lyft Inc Class A

LYFT: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$26.00	Qxcbg	Sgcqbxtdh

Uber, Lyft, and DoorDash Receive a Favorable California Appeals Court Ruling; No FVE Changes

Ali Mogharabi

Mar 14, 2023

We maintain our $68, $34, and $159 fair value estimates of Uber, Lyft, and DoorDash, respectively, after the California appeals court ruled in their favor by upholding Proposition 22, meaning drivers and couriers will remain classified as contractors under the state's law.

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