We recently published an article titled Did Jim Cramer Get These 10 Predictions Right or Wrong? In this article, we are going to take a look at where Lyft, Inc. (NASDAQ:LYFT) stands against the other stocks Jim Cramer recently talked about.
During the most recent episode of Mad Money, which aired on Monday, the 12th of May, Jim Cramer discussed the recent market rally and encouraged his viewers to stay invested. He also emphasized the importance of earnings, saying:
“Earnings matter again, okay? That’s what happened last night when the United States and China reached an agreement, however temporary, to hold off trade armageddon. The rollback of the exorbitant tariffs to much more reasonable levels caused the stock market to explode.”
READ ALSO: Jim Cramer’s 9 Failed Predictions From 12 Months Ago AND Jim Cramer Nailed These 12 Stock Predictions
Although Cramer was happy about the market’s recovery, he reminded his viewers that the S&P 500 is still flat on a year-to-date basis and discussed how other regions are doing:
“Now don’t get me wrong, I’m glad it happened, but I just spent a week in Europe, and it is stunning how much better the markets are doing over there.”
His final reminder was for his viewers to just stay invested in the market and avoid trying to time the market, saying:
“Bottom line: It’s better to stay in, stay on, and let her ride than to try to pick the perfect moment to trade in and out and in and out of the stock market. By the way, that’s not much of a strategy. It’s more of a game of chicken where there are no winners, just losers who think they are smarter than the average bear.”
Our Methodology
For this article, we compiled a list of 10 stocks that were discussed by Jim Cramer during the Mad Money episode that aired on the 13th of May 2024. We then calculated their performance for the past 12 months, until May 13th, 2025, market close. We have also included the hedge fund sentiment for the stocks, which we sourced from Insider Monkey’s Q4 2024 database of over 900 hedge funds. The stocks are listed in the order that Cramer mentioned them.
Please note that this article mentions Jim Cramer’s previous opinions and may not account for any changes to his opinions regarding the stocks that are mentioned. It is primarily an examination of how his previously provided opinions have panned out.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
A ridesharing passenger and driver in a car, looking out the window in anticipation of their destination.
Lyft, Inc. (NASDAQ:LYFT)
Number of Hedge Fund Holders: 55
Lyft, Inc. (NASDAQ:LYFT) was brought up right after Uber in that segment, with Cramer comparing their respective earnings reports and highlighting Lyft’s surprising strength under its new CEO. He viewed it as a turnaround play and said:
“They had another solid quarter under newest CEO David Risher. […] Looks like they’re finally on a more competitive footing. […] Lyft’s gross bookings growth matched Uber’s in the first quarter, and Lyft’s guidance for second quarter bookings implies they’ll match Uber yet again. […] Lyft reported a modest EBITDA and surprisingly positive free cash flow for the second quarter in a row. Good guidance on the profitability front for the current quarter too. […] I like it. I think he’s right. […] Lyft mostly confirmed its previous outlook — except they raised the free cash flow guidance pretty substantially. […] Lyft continued to make progress towards the goal of becoming a profitable growth story, which is what Risher’s been aiming for since he took the reins about a year ago. […] The results were good enough to send the stock up 7.1% last Wednesday. […] I have been really impressed with what Risher’s done in his first year on the job, and the stock definitely deserved to rally in response to the strong quarter — especially since it looks like Lyft has stemmed the share loss to Uber and done so without compromising profitability. […] I bet the stock can work higher as long as those narratives remain in place. […] In fact, as long as Risher continues to turn things around, I actually wouldn’t be surprised if Lyft even became a takeover target if the stock stays down here while the big turn comes.”
That narrative never turned into market gains, as Lyft ended the year almost flat, down 0.29%.
Lyft, Inc. (NASDAQ:LYFT) is a U.S.-based ride-sharing company that connects passengers with drivers via its mobile app, focusing on transportation and bike/scooter rentals. Despite not living up to the expectations, Cramer mentioned the stock again last September, saying:
“What am I missing with Lyft here? Okay, it got overheated. I think people felt that it was a true duopoly like nothing could go wrong. But I’m with you. I think Lyft, Inc. (NASDAQ:LYFT) should be bought here because it’s now inexpensive, believe it or not, on the numbers.”
Overall LYFT ranks 9th on our list of the stocks Jim Cramer recently discussed. While we acknowledge the potential of LYFT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than LYFT but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
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