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

Lyft (NASDAQ: LYFT), the second-largest ride-hailing company in America, hasn't impressed many investors since its public debut six years ago. It went public at $72, but it now trades at around $15. But after that steep drop, it looks like an undervalued growth stock -- and it might just churn a modest $1,000 investment into a lot more money.Lyft, which initially only provided its ride-hailing services in the U.S. and Canada, is much smaller than its multinational competitor Uber (NYSE: UBER). Unlike Uber, Lyft doesn't provide any first-party food delivery services -- but it offers mutual perks for subscribers of other food delivery platforms like DoorDash and Grubhub. It also provides bicycle and electric scooter rentals in select cities.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool