The article highlights the ongoing bull market, which has led to high stock prices, complicating the search for affordable growth stocks under $20. It suggests that investors should target companies facing temporary difficulties, as these may offer significant long-term growth potential. Lyft is identified as a promising investment option, priced under $14 per share, with impressive earnings and cash flow metrics. Additionally, potential acquisition interest from major companies like Amazon adds to its attractiveness, making it an appealing choice for investors seeking value in a competitive market.
The stock market is currently very expensive, making it difficult to find undervalued growth stocks, especially ones under $20.
Investors should seek growth stocks that have temporarily declined, as they may provide significant long-term benefits.
Lyft, trading under $14, appears to be a bargain with its low price-to-earnings ratio and substantial free cash flow.
The possibility of Lyft being acquired by companies like Amazon provides an additional incentive for investors to consider buying its stock.
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