Uber is seen as a 'once in a generation company,' but it still faces major competition from Lyft
Uber's imminent initial public offering is expected to present a massive opportunity for investors, but its competitor Lyft's threat is not to be ignored, a Wall Street analyst said on Wednesday.
"Although Uber is the number one player, Lyft has grown rapidly over the last few years and has eaten at Uber's market share," Susquehanna's Shyam Patil said.
Uber's slowing bookings and revenue growth are additional risks investors will have to consider, Patil said.
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