
Delivery Hero SE / Analyst ratings
Price targets
Analyst ratings
8 analysts rated this company in the past 90 days. The average target price is €37.13, this is a change of +61.7% compared to the current price.
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Deutsche Bank Research maintains Delivery Hero on 'Hold'
FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research has maintained a "Hold" rating on Delivery Hero with a price target of €30. The food delivery service's business trends in South Korea are likely to continue to recover, Silvia Cuneo wrote in an assessment published Tuesday. However, a potential sale of the delivery stake held by investment company Prosus remains a burden on the share price./gl/tav
Publication of the original study: September 16, 2025 / 8:02 a.m. / CET. First distribution of the original study: Date not specified in study / Time not specified in study / CET.
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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JPMorgan raises target for Delivery Hero to 34 euros - 'Overweight'
NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has raised its price target for Delivery Hero from €29 to €34 and maintained its rating at "Overweight." Marcus Diebel considers the sale of Prosus' stake in the delivery service to a strategic buyer to be the most likely scenario, as he wrote in a study published Wednesday. A sale through the market by the investment company or the acquisition of the stake by Delivery Hero itself are rather unlikely./mf/tav
Publication of the original study: September 16, 2025 / 8:19 p.m. / BST
First distribution of the original study: September 17, 2025 / 12:15 a.m. / BST
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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UBS maintains Delivery Hero 'Buy' rating - target 35 euros
ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its "Buy" rating for Delivery Hero with a price target of €35. Analyst Jo Barnet-Lamb emphasized in a study released Monday that investors continue to overlook the value potential of the food delivery service's individual components due to short-term uncertainties. He noted that the market development in South Korea is encouraging in the long term. While the fact that subsidiary Baemin lost further market share there in August was detrimental to sentiment, Baemin lost far less market share there than in the previous month, and this was not due to its fiercest competitor, Coupang. In the long term, it is helpful that the market in Korea is currently growing at double-digit rates./rob/gl
Publication of the original study: September 12, 2025 / 11:37 a.m. / GMT. First distribution of the original study: September 15, 2025 / Time not specified in study / Time zone not specified in study
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Bernstein maintains Delivery Hero at 'Outperform' - Target €41
NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for Delivery Hero at "Outperform" with a price target of €41. Analyst Annick Maas and her colleague Christophe Cherblanc presented a questionnaire on individual stocks from the European internet and media sector in a study released Thursday. For the food delivery service Delivery Hero, the questions revolve around current trends in various regions of the world, but especially in South Korea and the markets in the Middle East and North Africa./tih/edh
Publication of the original study: September 10, 2025 / 3:47 p.m. / UTC
First distribution of the original study: September 11, 2025 / 5:00 a.m. / UTC
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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UBS maintains Delivery Hero 'Buy' rating - target 35 euros
ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its "Buy" rating for Delivery Hero with a price target of €35. As Natasha Brilliant wrote in a study published Tuesday, the food delivery company is on a "Top 20" list of particularly compelling investment ideas among small to medium-sized companies in Continental Europe. Shares of companies in this size segment are generally still trading at significantly discounted prices. Other German companies include Bechtle, Knorr-Bremse, Ströer, and Zalando./tih/gl
Publication of the original study: September 8, 2025 / 8:50 a.m. / GMT First distribution of the original study: September 8, 2025 / 8:50 a.m. / GMT
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Bernstein lowers target for Delivery Hero to 41 euros - 'Outperform'
NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has lowered its price target for Delivery Hero from €56 to €41, but maintained its "Outperform" rating. The food delivery service's increased gross merchandise value in the past quarter met expectations, and there are further encouraging signs, wrote Annick Maas in her review of the figures released Friday. The lowered price target is solely due to the valuation of the Dubai-listed subsidiary Talabat./rob/gl/tih
Publication of the original study: August 29, 2025 / 3:24 PM / UTC. First distribution of the original study: August 29, 2025 / 3:31 PM / UTC.
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Berenberg lowers target for Delivery Hero to 35 euros - 'Buy'
HAMBURG (dpa-AFX Analyst) - Private bank Berenberg has lowered its price target for Delivery Hero from €37 to €35, but maintained its "Buy" rating. Currency headwinds led to a lowering of the outlook, wrote Wolfgang Specht in his review of the latest business figures released on Friday. This was disappointing. Due to the strong organic growth and the low valuation, he maintains his buy rating but lowered his earnings estimates for the food delivery service./rob/ajx/ag
Publication of the original study: August 28, 2025 / 4:40 PM / GMT. First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study.
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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UBS lowers target for Delivery Hero to 35 euros - 'Buy'
ZURICH (dpa-AFX Analyst) - Swiss bank UBS has lowered its price target for Delivery Hero from €38 to €35, but maintained its "Buy" rating. The fundamentals are strong, but the focus is elsewhere, Jo Barnet-Lamb wrote in his review of the company's half-year report on Thursday evening. He sees the shares being held back primarily by the uncertainty surrounding the stake reduction by major shareholder Prosus./rob/ag/ajx
Publication of the original study: August 28, 2025 / 10:56 PM / GMT. First distribution of the original study: August 28, 2025 / Time not specified in study / Time zone not specified in study.
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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JPMorgan lowers target for Delivery Hero to 29 euros - 'Overweight'
NEW YORK (dpa-AFX Analyst) - US bank JPMorgan lowered its price target for Delivery Hero from €35 to €29 following the company's earnings release, while maintaining its "Overweight" rating. Marcus Diebel wrote in a study released Thursday that the food delivery company's second quarter was solid. Following this, management made encouraging comments in a conference call. While he reduced his operating profit (EBITDA) estimates through 2027, he still sees the company as a buying opportunity at the current valuation level. Delivery Hero continues to offer high strategic value to major shareholder Prosus.
Publication of the original study: August 28, 2025 / 6:12 a.m. / BST First distribution of the original study: August 28, 2025 / 6:12 a.m. / BST
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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RBC lowers target for Delivery Hero to 38 euros - 'Outperform'
NEW YORK (dpa-AFX Analyst) - Canadian bank RBC lowered its price target for Delivery Hero from €45 to €38 following its half-year results, but maintained its rating at "Outperform." It continues to expect the food delivery service to maintain market leadership and revenue growth at the expense of short-term profitability, wrote Washington Udomsilpa in an assessment revised during the day on Thursday. For this reason, and due to negative currency effects, it lowered its operating earnings forecasts. However, the stock remains attractive in view of the potential cash generation.
Publication of the original study: August 28, 2025 / 9:52 a.m. / EDT First distribution of the original study: August 28, 2025 / 9:52 a.m. / EDT
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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UBS maintains Delivery Hero at 'Buy' - target 38 euros
ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its "Buy" rating for Delivery Hero with a price target of €38. The first half of the year was solid, Jo Barnet-Lamb wrote on Thursday after the results. However, the focus is likely to shift to the lowered annual targets./rob/ag/gl
Publication of the original study: August 28, 2025 / 6:20 a.m. / GMT First distribution of the original study: August 28, 2025 / Time not specified in study / Time zone not specified in study
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Bernstein maintains Delivery Hero at 'Outperform' - Target 56 euros
NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for Delivery Hero at "Outperform" with a price target of €56. The half-year report was characterized by improved operating earnings (EBITA) thanks to business in Asia and Europe, Annick Maas wrote on Thursday. However, the annual target was cut due to currency effects./ag/gl
Publication of the original study: August 28, 2025 / 6:18 a.m. / UTC First distribution of the original study: August 28, 2025 / 6:18 a.m. / UTC
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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JPMorgan maintains Delivery Hero at 'Overweight' - target 35 euros
NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for Delivery Hero at "Overweight" with a price target of €35. Price weakness offers entry opportunities, Marcus Diebel wrote on Thursday, following the currency-related cut in the full-year earnings target./rob/ag/gl
Publication of the original study: August 28, 2025 / 7:48 a.m. / BST First distribution of the original study: August 28, 2025 / 7:48 a.m. / BST
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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RBC maintains Delivery Hero at 'Outperform' - Target €45
NEW YORK (dpa-AFX Analyst) - Canadian bank RBC has maintained its "Outperform" rating for Delivery Hero with a price target of €45. The company's half-year results were mixed, wrote Washington Udomsilpa on Thursday. Gross merchandise volume (GMV) growth fell slightly short of market expectations in the second quarter. Meanwhile, half-year operating profit (EBITDA) was higher. Following the currency-related reduction in the annual target, the expert sees some need for adjustment in the EBITDA consensus./rob/ag/mis
Publication of the original study: August 28, 2025 / 2:30 a.m. / EDT
First distribution of the original study: August 28, 2025 / 2:30 a.m. / EDT
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Jefferies maintains Delivery Hero at 'Buy' - target €41
NEW YORK (dpa-AFX Analyst) - The analyst firm Jefferies has maintained its "Buy" rating for Delivery Hero with a price target of €41. Giles Thorne wrote on Thursday that the market reaction to the company's half-year results is difficult to predict. He clearly sees the strong second quarter as a positive, with operating earnings (EBITDA) expectations being exceeded by a solid margin and increased growth momentum. While he views the revised annual EBITDA target as negative, he stated that the reduction was purely due to currency effects, which should come as no surprise./ag/mis
Publication of the original study: August 28, 2025 / 2:12 a.m. / ET
First distribution of the original study: August 28, 2025 / 2:12 a.m. / ET
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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UBS maintains Delivery Hero at 'Buy' - target 38 euros
ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its "Buy" rating for Delivery Hero with a price target of €38. The market share of the South Korean subsidiary Baemin declined in July, completely reversing the initial improvement achieved in June since the beginning of the year, Jo Barnet-Lamb wrote in his commentary published Thursday. This is not exactly helpful for investor sentiment. However, Korean consumer spending has recently picked up thanks to the government's voucher program, making it easier for Baemin to return to growth./rob/ag/gl
Publication of the original study: August 20, 2025 / 12:42 PM / GMT. First distribution of the original study: August 21, 2025 / Time not specified in study / Time zone not specified in study.
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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UBS maintains Delivery Hero at 'Buy' - target 38 euros
ZURICH (dpa-AFX Analyst) - Following Brussels' approval of Prosus' acquisition of Just Eat Takeaway, Swiss bank UBS has maintained its "Buy" rating for Delivery Hero with a price target of €38. The Dutch internet holding company will now significantly reduce its stake in the German food delivery service Delivery Hero over a twelve-month period for competitive reasons, Jo Barnet-Lamb wrote in a follow-up report released Wednesday. Strategic investors could potentially be considered as buyers for the Delivery Hero shares. Delivery Hero has extremely valuable assets in its portfolio that are overlooked by the market./la/edh
Publication of the original study: August 12, 2025 / 7:18 a.m. / GMT First distribution of the original study: August 12, 2025 / 7:18 a.m. / GMT
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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JPMorgan maintains Delivery Hero at 'Overweight' - target 35 euros
NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained Delivery Hero's "Overweight" rating with a price target of €35. In his industry commentary published on Monday, Marcus Diebel addressed a report that the internet investment company Prosus could sell its stake in the food delivery service for competition reasons in order to acquire its competitor Just Eat Takeaway. It is still unclear how much of Delivery Hero's shares Prosus would have to divest as part of these plans, the expert said. Due to the intense competition, financial investors are unlikely to be buyers for the delivery business in the five markets where there are overlaps with Just Eat. Diebel expects strategic interested parties./gl/ag
Publication of the original study: July 20, 2025 / 10:17 PM / BST First distribution of the original study: July 21, 2025 / 1:55 AM / BST
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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UBS lowers target for Delivery Hero to 38 euros - 'Buy'
ZURICH (dpa-AFX Analyst) - Swiss bank UBS has lowered its price target for Delivery Hero from €39 to €38, but maintained its "Buy" rating. The market share of the South Korean food delivery platform of Delivery Hero's subsidiary Woowa increased in June, Jo Barnet-Lamb wrote on Thursday. At Baemin, the trend is pointing in the right direction, but it is still early days. Delivery Hero is one of the highest-quality assets in the industry./rob/ag/zb
Publication of the original study: July 17, 2025 / 2:47 p.m. / GMT
First distribution of the original study: July 18, 2025 / Time not specified in study / Time zone not specified in study
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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JPMorgan maintains Delivery Hero at 'Overweight' - target 35 euros
NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its "Overweight" rating for Delivery Hero with a price target of €35. All eyes are on the food delivery company's Asian business, wrote Marcus Diebel in his outlook for the quarterly report published Thursday. He expects gross merchandise value (GMV) to decline by 11 percent year-on-year in the second quarter. However, he sees renewed growth opportunities starting in the fourth quarter. In other regions, things are likely already better./rob/ag/gl
Publication of the original study: July 9, 2025 / 7:32 PM / BST First distribution of the original study: July 10, 2025 / 12:15 AM / BST
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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JPMorgan maintains Delivery Hero at 'Overweight' - target 35 euros
NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for Delivery Hero at "Overweight" with a price target of €35. Analyst Marcus Diebel reported on his recent discussions with investors about the European internet industry on Monday evening. Many investors at Delivery Hero are frustrated by the recent share price performance. Price drivers are currently barely visible./ag/gl
Publication of the original study: June 16, 2025 / 9:40 p.m. / BST First distribution of the original study: June 17, 2025 / 12:15 a.m. / BST
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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UBS maintains Delivery Hero at 'Buy' - target 39 euros
ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained a "Buy" rating on Delivery Hero with a price target of €39. The South Korean food delivery service Baemin, which is part of Delivery Hero, lost market share again in May, wrote analyst Jo Barnet-Lamb in a study published Tuesday. While the further slight losses are not surprising given the continued expansion of competitor Coupang Eats, they do show that there is still much to be done. Barnet-Lamb expects the market share loss to continue at least until the end of the year, albeit at a more moderate rate. The focus should now be on whether Baemin's market share in Korea's major metropolitan regions has stabilized and whether the company can return to absolute growth./ck/tav
Publication of the original study: June 9, 2025 / 1:58 a.m. / GMT
First distribution of the original study: June 9, 2025 / 1:58 a.m. / GMT
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Berenberg maintains Delivery Hero at 'Buy' - target 37 euros
HAMBURG (dpa-AFX Analyst) - Private bank Berenberg has maintained its "Buy" rating for Delivery Hero following the EU fine for anti-competitive agreements, with a price target of €37. The end of the antitrust proceedings, which have been ongoing for more than three years, and the settlement reached with the EU Commission below the fears are good news for the food delivery company's investors, wrote Wolfgang Specht on Monday afternoon. However, the positive effect on his stock valuation is limited./rob/edh/ag
Publication of the original study: June 2, 2025 / 4:41 PM / GMT
First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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JPMorgan maintains Delivery Hero at 'Overweight' - target 35 euros
NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for Delivery Hero at "Overweight" with a price target of €35. Investigations by the Korea Fair Trade Commission against online retailer Coupang for possible market abuse are still in their early stages, but may be viewed positively for Delivery Hero, Marcus Diebel wrote on Thursday./ajx/gl
Publication of the original study: May 22, 2025 / 12:37 PM / BST First distribution of the original study: May 22, 2025 / 12:40 PM / BST
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Jefferies maintains Delivery Hero at 'Buy' - target €41
NEW YORK (dpa-AFX Analyser) - The analysis house Jefferies has left the rating for Delivery Hero at "Buy" with a price target of 41 euros. In response to the food delivery company's quarterly figures, it raised its revenue estimates for 2025 and 2026, but significantly reduced its earnings (EPS) forecasts, Giles Thorne wrote in a study released Friday./edh/he
Publication of the original study: May 9, 2025 / 8:36 a.m. / ET First distribution of the original study: May 9, 2025 / 4:05 p.m. / ET
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Berenberg maintains Delivery Hero's 'Buy' rating after analyst change
HAMBURG (dpa-AFX Analyst) - Private bank Berenberg has maintained its "Buy" rating for Delivery Hero following a change in analyst. The new analyst, Wolfgang Specht, set a price target of €37 on Thursday afternoon, up from €75. The food delivery company is meeting growth expectations, according to Specht. By 2027, he expects adjusted operating profit to increase by an average of 36 percent./rob/ag/gl
Publication of the original study: May 8, 2025 / 4:48 PM / GMT. First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study.
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Goldman lowers target for Delivery Hero to 36 euros - 'Buy'
NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs lowered its price target for Delivery Hero from €39 to €36, but maintained its "Buy" rating. Lisa Yang, following the food delivery company's quarterly report on Tuesday evening, attested to strong momentum outside of Asia and signs of stabilization in Korea./ag/gl
Publication of the original study: May 6, 2025 / 6:33 p.m. / CEST. First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study.
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Bernstein maintains Delivery Hero at 'Outperform' - Target 56 euros
NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for Delivery Hero at "Outperform" with a price target of €56. Retail media has the potential to completely revolutionize the food delivery industry, analyst Annick Maas wrote in an industry report released Wednesday. The entire market is expected to more than double by 2030, exceeding the $230 billion mark. Delivery Hero is best positioned in this regard./bek/gl
Publication of the original study: April 29, 2025 / 4:42 p.m. / UTC. First distribution of the original study: April 30, 2025 / 5:00 a.m. / UTC.
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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JPMorgan lowers target for Delivery Hero to 35 euros - 'Overweight'
NEW YORK (dpa-AFX Analyst) - US bank JPMorgan lowered its price target for Delivery Hero from €38 to €35, but maintained its "Overweight" rating. Analyst Marcus Diebel wrote in a further assessment on Thursday that the conference call following the food delivery service's quarterly results was solid. However, the turnaround in Korea is now crucial to unlocking valuation potential./ajx/he
Publication of the original study: April 24, 2025 / 7:15 p.m. / BST First distribution of the original study: April 24, 2025 / 7:15 p.m. / BST
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Bernstein maintains Delivery Hero at 'Outperform' - Target 57 euros
NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for Delivery Hero at "Outperform" following its first-quarter results, with a price target of €57. The food delivery company's gross merchandise value is roughly in line with the consensus estimate, analyst Annick Maas wrote in an initial reaction on Thursday. Overall, the figures are encouraging, but the market's focus, as usual, is likely to be on weakness in Asia and increasing competition in other markets./bek/nas
Publication of the original study: April 24, 2025 / 6:00 a.m. / UTC
First distribution of the original study: April 24, 2025 / 6:00 a.m. / UTC
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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JPMorgan maintains Delivery Hero at 'Overweight' - target 38 euros
NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for Delivery Hero at "Overweight" with a price target of €38. The weak performance in Asia is likely to dampen enthusiasm for the overall strong sales development, analyst Marcus Diebel wrote on Thursday after the quarterly figures./ag/nas
Publication of the original study: April 24, 2025 / 7:12 a.m. / BST
First distribution of the original study: April 24, 2025 / 7:23 a.m. / BST
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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RBC maintains Delivery Hero at 'Outperform' - Target €45
NEW YORK (dpa-AFX Analyst) - Canadian bank RBC has maintained its rating for Delivery Hero at "outperform" with a price target of €45 following its first-quarter results. The online food delivery company performed overall as expected, wrote analyst Wassachon Udomsilpa in a study released Thursday. Specifically, the Middle East, North Africa, and Americas regions, as well as the segment for own delivery centers and quick commerce (integrated verticals), were positively surprising, while business in Asia was disappointing.
Publication of the original study: April 24, 2025 / 2:05 a.m. / EDT First distribution of the original study: April 24, 2025 / 2:05 a.m. / EDT
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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UBS maintains Delivery Hero at 'Buy' - target 39 euros
ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its "Buy" rating for Delivery Hero following its first-quarter results, with a price target of €39. Analyst Jo Barnet-Lamb attested to a solid first quarter for the food delivery company. In Asia, the company expects a return to growth in gross merchandise value this year, according to an initial assessment on Thursday./bek/men
Publication of the original study: April 24, 2025 / 6:14 a.m. / GMT
First distribution of the original study: April 24, 2025 / 6:14 a.m. / GMT
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Deutsche Bank Research puts Delivery Hero on 'Hold'
FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research has maintained its "Hold" rating for Delivery Hero with a price target of €30. Despite headwinds from its Asian business, the food delivery company remains well on track to achieve its annual targets, analyst Silvia Cuneo wrote on Thursday after the quarterly report./ag/mis
Publication of the original study: April 24, 2025 / Time not specified in study / GMT
First distribution of the original study: April 24, 2025 / 6:48 a.m. / GMT
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Barclays maintains Delivery Hero at 'Overweight' - target 49 euros
LONDON (dpa-AFX Analyst) - British investment bank Barclays has maintained its rating for Delivery Hero at "Overweight" with a price target of €49. Gross merchandise volume (GMV) for the first quarter was slightly better than expected, analyst Andrew Ross wrote on Thursday. Regional trends are largely in line with expectations./ag/men
Publication of the original study: April 24, 2025 / 6:29 a.m. / GMT
First distribution of the original study: April 24, 2025 / 6:30 a.m. / GMT
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Jefferies maintains Delivery Hero at 'Buy' - target €41
NEW YORK (dpa-AFX Analyst) - Following the first-quarter results, analyst Jefferies maintained its "Buy" rating for Delivery Hero with a price target of €41. Analyst Giles Thorne expressed his initial reaction on Thursday to the confirmation of the outlook. Thorne also positively assessed the food delivery company's business figures, which were in line with expectations./bek/mis
Publication of the original study: April 24, 2025 / 2:16 a.m. / ET
First distribution of the original study: April 24, 2025 / 2:16 a.m. / ET
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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JPMorgan maintains Delivery Hero at 'Overweight' - target 38 euros
NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for Delivery Hero at "Overweight" with a price target of €38. Analyst Marcus Diebel wrote on Wednesday that the food delivery company's withdrawal from Thailand makes sense in his view. The chances of this happening are quite slim./ag/edh
Publication of the original study: April 23, 2025 / 7:04 a.m. / BST
First distribution of the original study: April 23, 2025 / 7:08 a.m. / BST
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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JPMorgan lowers target for Delivery Hero to 38 euros - 'Overweight'
NEW YORK (dpa-AFX Analyst) - US bank JPMorgan lowered its price target for Delivery Hero from €47 to €38, but maintained its rating at "Overweight." Analyst Marcus Diebel assessed the impact of the current economic situation and customs developments on the European internet industry on Thursday evening. He is focusing primarily on Auto1, Ocado, and Scout24. Auto1 already has a "Positive Catalyst Watch" label. Diebel sees robust earnings development for all three companies, and his estimates are above consensus. However, he also considers Delivery Hero to be attractively valued. For him, Hellofresh, along with Rightmove, is currently one of the stocks to be avoided./ag/gl
Publication of the original study: April 10, 2025 / 10:37 PM / GMT. First distribution of the original study: April 11, 2025 / 12:15 AM / GMT
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Bernstein maintains Delivery Hero at 'Outperform' - Target 57 euros
NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for Delivery Hero at "Outperform" ahead of its quarterly results, with a price target of €57. In a final meeting before the announcement of the key figures on April 24, the food delivery company's management confirmed its annual targets, analyst Annick Maas wrote in an outlook published Wednesday./edh/he
Publication of the original study: April 9, 2025 / 4:24 p.m. / UTC First distribution of the original study: April 9, 2025 / 4:24 p.m. / UTC
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Goldman maintains Delivery Hero 'Buy' rating - target 39 euros
NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs has maintained its "Buy" rating for Delivery Hero with a price target of €39. In a sector study released Wednesday, analyst Lisa Yang lowered the 2025 and 2026 earnings per share estimates for media and internet companies with operations in the US by an average of around two percent. Economic uncertainty is likely to lead to lower or delayed advertising spending by companies, especially in the US./bek/la
Publication of the original study: April 8, 2025 / 10:47 PM / CEST
First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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UBS maintains Delivery Hero at 'Buy' - target 55 euros
ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its "Buy" rating for Delivery Hero with a price target of €55. Growth for food delivery companies in Korea remained double-digit in February, analyst Jo Barnet-Lamb wrote on Tuesday in light of current market data. The Baemin brand of the delivery subsidiary Woowa is likely to have maintained its market share./ag/ajx
Publication of the original study: April 1, 2025 / 7:11 a.m. / GMT
First distribution of the original study: April 1, 2025 / 7:11 a.m. / GMT
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Goldman reinstates Delivery Hero with 'Buy' rating - target €39
NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs has reinstated Delivery Hero with a "Buy" rating and a price target of €39. In a new industry study, analyst Lisa Yang reinstated the evaluation of a total of 24 internet and media stocks. Their share prices have an average upside potential of 22 percent. Investors are focusing on the implementation of strategic and operational goals, artificial intelligence, and mergers and acquisitions. For the food delivery service Delivery Hero, competition concerns are already more than adequately priced in. In addition, strong business outside Asia, particularly in the Middle East and North Africa, as well as self-help measures, provided upside potential./bek/gl
Publication of the original study: March 25, 2025 / 10:40 PM / CET. First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study.
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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JPMorgan maintains Delivery Hero at 'Overweight' - target 50 euros
NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for Delivery Hero at "Overweight" with a price target of €50. Analyst Marcus Diebel adjusted his estimates in a study published Monday to reflect the food delivery service's corporate goals./la/ngu
Publication of the original study: March 3, 2025 / 5:11 PM / GMT First distribution of the original study: March 3, 2025 / 5:25 PM / GMT
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Bernstein lowers target for Delivery Hero to 57 euros - 'Outperform'
NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research lowered its price target for Delivery Hero from €59 to €57 following the recently released figures, while maintaining its rating at "Outperform." In a study published Monday following the food delivery company's quarterly report, analyst Annick Maas made adjustments to her valuation model, citing the company's debt. She called the figures themselves solid, which boosted the stock accordingly. At the same time, Delivery Hero remains a turnaround story for them in terms of margins./ck/mis
Publication of the original study: February 17, 2025 / 11:20 a.m. / UTC
First distribution of the original study: February 17, 2025 / 4:50 p.m. / UTC
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Hauck Aufhäuser IB maintains Delivery Hero at 'Buy' - Target 52 euros
HAMBURG (dpa-AFX Analyst) - Hauck Aufhäuser Investment Banking has maintained its "Buy" rating for Delivery Hero with a price target of €52. The food delivery service's quarterly results and outlook have exceeded expectations across the board, wrote analyst Christian Salis in his review published on Monday. He considers the current valuation level to be "highly attractive."
Publication of the original study: February 17, 2025 / 8:19 a.m. / CET First distribution of the original study: February 17, 2025 / 8:19 a.m. / CET
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Deutsche Bank raises target for Delivery Hero to 30 euros - 'Hold'
FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research raised its price target for Delivery Hero from €29 to €30 and maintained its "Hold" rating. The food delivery service exceeded expectations with solid figures and provided a reassuring outlook, analyst Silvia Cuneo wrote in a review published Friday. However, she remains cautious until investments in the important South Korean market translate into sustainable growth and profitability. Since the stock is already trading at an industry premium to its European competitors, she prefers Deliveroo and Just Eat Takeaway./gl/tih
Publication of the original study: February 14, 2025 / 8:15 a.m. / CET. First distribution of the original study: Date not specified in study / Time not specified in study / CET.
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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JPMorgan raises target for Delivery Hero to 50 euros - 'Overweight'
NEW YORK (dpa-AFX Analyst) - US bank JPMorgan raised its price target for Delivery Hero from €48 to €50 and maintained its rating at "Overweight." Analyst Marcus Diebel remains optimistic about the food delivery industry in a commentary published Friday and sees Delivery Hero as particularly well-positioned. The latest quarterly report underscored the robust business model, and the subsidiary Talabat continues to show strong performance. Diebel also sees further merger and acquisition speculation in the sector due to potential strategic decisions by the investment company Prosus./gl/tih
Publication of the original study: February 13, 2025 / 8:07 p.m. / GMT. First distribution of the original study: February 14, 2025 / 12:15 a.m. / GMT
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Jefferies maintains Delivery Hero at 'Buy' - target €41
NEW YORK (dpa-AFX Analyser) - The analysis house Jefferies has left the rating for Delivery Hero at "Buy" with a price target of 41 euros. The high price gains are deserved and reflect the strong figures for 2024 and the credible outlook for 2025, wrote analyst Giles Thorne on Thursday following the food delivery service's report./ajx/he
Publication of the original study: February 13, 2025 / 10:21 a.m. / ET First distribution of the original study: February 13, 2025 / 10:21 a.m. / ET
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Bernstein maintains Delivery Hero's 'Outperform' rating after figures
NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its "Outperform" rating for Delivery Hero after the company's earnings results, with a price target of €59. The food delivery company's figures delivered some positive surprises, wrote analyst Annick Maas in a quick assessment released Thursday. Gross merchandise volume, sales, adjusted operating profit, and free cash flow all exceeded expectations last year./ck/tih
Publication of the original study: February 13, 2025 / 7:20 a.m. / UTC
First distribution of the original study: February 13, 2025 / 7:20 a.m. / UTC
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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RBC maintains Delivery Hero at 'Outperform' - Target €45
NEW YORK (dpa-AFX Analyst) - Canadian bank RBC has maintained its rating for Delivery Hero at "outperform" after the company's 2024 results, with a price target of €45. These are slightly above the consensus estimates compiled by the company itself, wrote analyst Wassachon Udomsilpa in an initial reaction on Thursday. Inflation, in particular, ensured that the food delivery company's gross merchandise value in the final quarter was four percent higher than market expectations./bek/gl
Publication of the original study: February 13, 2025 / 3:04 a.m. / EST. First distribution of the original study: February 13, 2025 / 3:04 a.m. / EST.
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Jefferies maintains Delivery Hero at 'Buy' - target €41
NEW YORK (dpa-AFX Analyst) - Following its quarterly results, analyst Jefferies maintained a "Buy" rating on Delivery Hero with a price target of €41. The results look good, analyst Giles Thorne wrote in an initial reaction on Thursday. The food delivery service comfortably met its annual targets. The annual targets are in line with consensus estimates and point to further improvements in profitability and cash flow. The share price is likely to react moderately positively./gl/mis
Publication of the original study: February 13, 2025 / 2:24 a.m. / ET First distribution of the original study: February 13, 2025 / 2:24 a.m. / ET
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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UBS maintains Delivery Hero at 'Buy' - target 55 euros
ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained a "Buy" rating on Delivery Hero with a price target of €55. Data show that the subsidiary Baemin's market share in South Korea stabilized in January, analyst Jo Barnet-Lamb wrote in a commentary published Monday. Market growth there remained at double-digit percentage levels in December. The focus in 2025 will continue to be on a possible gradual recovery of the food delivery service./gl/he
Publication of the original study: February 10, 2025 / 1:41 PM / GMT. First distribution of the original study: February 10, 2025 / 1:41 PM / GMT.
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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JPMorgan maintains Delivery Hero at 'Overweight' - target 48 euros
NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained Delivery Hero's "Overweight" rating with a price target of €48. Analyst Marcus Diebel wrote in an industry report released Tuesday that he sees increasing evidence that merger and acquisition activity in the global food delivery sector will increase. Private equity firm Prosus could play a key role as a "kingmaker" in various markets. With regard to Delivery Hero and Just Eat Takeaway, he sees strategic value and potential for a combination. He also points to a possible divestment of Delivery Hero's Latin American activities and their combination with Prosus' iFood activities./ck/tih
Publication of the original study: February 10, 2025 / 10:54 PM / GMT
First distribution of the original study: February 11, 2025 / 12:15 AM / GMT
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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JPMorgan maintains Delivery Hero at 'Overweight' - target 48 euros
NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for Delivery Hero at "Overweight" with a price target of €48. In his commentary published Thursday, analyst Marcus Diebel continues to expect consolidation among Europe's food delivery companies. He believes a "JustiFoodHero" may emerge in 2025.
Publication of the original study: February 6, 2025 / 7:55 a.m. / GMT First distribution of the original study: February 6, 2025 / 7:57 a.m. / GMT
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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JPMorgan maintains Delivery Hero at 'Overweight' - target 48 euros
NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for Delivery Hero at "Overweight" ahead of its quarterly results, with a price target of €48. The food delivery company's weakness in its Asian business is likely to have persisted, but should ease in the first quarter of 2025, wrote analyst Marcus Diebel in his outlook published on Monday./edh/ag
Publication of the original study: January 24, 2025 / 8:03 p.m. / GMT
First distribution of the original study: January 27, 2025 / 12:15 a.m. / GMT
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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JPMorgan maintains Delivery Hero at 'Overweight' - target 48 euros
NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for Delivery Hero at "Overweight" with a price target of €48. The food delivery industry is expected to open a new chapter in 2025, analyst Marcus Diebel wrote in an industry report released Friday. Growth is strong, and company leaders are focused strongly on profitability. In addition, a wave of consolidation is likely in the offing in 2025 and the following years./mis/nas
Publication of the original study: January 24, 2025 / 00:20 / GMT
First distribution of the original study: January 24, 2025 / 00:20 / GMT
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Bernstein maintains Delivery Hero at 'Outperform' - Target 59 euros
NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for Delivery Hero at "Outperform" with a price target of €59. Analyst Christophe Cherblanc wrote in an industry report released Wednesday that 2024 was the third consecutive year of above-average price gains for the media sector. China's weak growth and a potential tariff dispute do not affect the industry. After a rollercoaster ride for Delivery Hero's share price, this stock is his favorite for 2025./bek
Publication of the original study: January 14, 2025 / 9:26 p.m. / UTC
First distribution of the original study: January 15, 2025 / 5:00 a.m. / UTC
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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JPMorgan raises target for Delivery Hero to 48 euros - 'Overweight'
NEW YORK (dpa-AFX Analyst) - Following a meeting with CEO Niklas Östberg, US bank JPMorgan raised its price target for Delivery Hero from €45 to €48 and maintained its rating at "Overweight." The messages were encouraging in every respect, wrote analyst Marcus Diebel in a report published Tuesday. They supported his assessment that the shares have considerable upside potential. He positively assessed, among other things, the statements regarding business in Korea, the use of proceeds from the IPO of the subsidiary Talabat, the development of gross merchandise volume, competition with the Chinese company Meituan, and potential acquisition activities./tih/nas
Publication of the original study: January 14, 2025 / 00:00 / GMT. First distribution of the original study: January 14, 2025 / 00:15 / GMT.
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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UBS maintains Delivery Hero at 'Buy' - target 55 euros
ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained a "Buy" rating on Delivery Hero with a price target of €55. There are initial signs of a recovery in market share in South Korea, wrote analyst Jo Barnet-Lamb in a study published Friday. He cited in-house December data for the food delivery service's subsidiary Baemin.
Publication of the original study: January 10, 2025 / 3:46 PM / GMT First distribution of the original study: January 10, 2025 / 3:46 PM / GMT
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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JPMorgan lowers target for Delivery Hero to 45 euros - 'Overweight'
NEW YORK (dpa-AFX Analyst) - US bank JPMorgan lowered its price target for Delivery Hero from €49 to €45, but maintained its rating at "Overweight." In the European online space, food delivery services remain its preferred sector, wrote analyst Marcus Diebel in an industry outlook published Wednesday. Earnings momentum has room for improvement, and valuations lag significantly behind those of other sectors. Delivery Hero's quarterly figures, due in mid-February, are expected to show continued difficult business conditions in South Korea and, therefore, a decline in gross merchandise value (GMV) in Asia, adjusted for currency effects. However, thanks to another strong performance in the MENA region (North Africa and the Middle East), the figure is likely to have increased at the group level.
Publication of the original study: January 7, 2025 / 10:34 PM / GMT. First distribution of the original study: January 8, 2025 / 12:15 AM / GMT.
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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JPMorgan maintains Delivery Hero at 'Overweight' - target €49
NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for Delivery Hero at "Overweight" with a price target of €49 following the sale of its Food Panda business, which was prohibited by the Taiwanese competition authority. The announcement is a clear negative for the food delivery company, as most investors were convinced that the deal would go through, wrote analyst Marcus Diebel in a report released Friday. While he sees room for other disposals in the region that could act as positive price drivers, the share price is likely to be significantly impacted in the coming days./edh/ck
Publication of the original study: December 26, 2024 / 1:56 PM / GMT
First distribution of the original study: December 26, 2024 / 1:56 PM / GMT
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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UBS lowers target for Delivery Hero to 55 euros - 'Buy'
ZURICH (dpa-AFX Analyst) - Swiss bank UBS has lowered its price target for Delivery Hero from 56 to 55 euros and maintained its "Buy" rating. The true value of the company, based on all its components, is still underestimated, wrote analyst Jo Barnet-Lamb in his assessment published Thursday. Shares of the US delivery company Doordash are valued more than twice as high. Delivery Hero remains its top internet stock in Europe on a one-year basis./ag/ck
Publication of the original study: December 18, 2024 / 3:39 p.m. / GMT
First distribution of the original study: December 19, 2024 / Time not specified in the study / GMT
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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JPMorgan lowers target for Delivery Hero to 49 euros - 'Overweight'
NEW YORK (dpa-AFX Analyst) - US bank JPMorgan lowered its price target for Delivery Hero from €55 to €49, but maintained its "Overweight" rating. Analyst Marcus Diebel cut his operating earnings estimates on Thursday evening due to higher costs in the Spanish business. However, he reiterated his general optimism for food delivery companies, which had already been expressed in his broad online outlook for 2025. He sees several price drivers for Delivery Hero, such as a potentially faster margin improvement than expected./ag/tih
Publication of the original study: December 12, 2024 / 8:32 PM / GMT
First distribution of the original study: December 13, 2024 / 12:15 AM / GMT
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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JPMorgan raises target for Delivery Hero to 55 euros - 'Overweight'
NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has raised its price target for Delivery Hero from €42 to €55 and maintained its rating at "Overweight." For those "hungry for outperformance," analyst Marcus Diebel recommends food delivery companies rather than classified ad providers in his internet industry outlook published Thursday. Delivery Hero, Just Eat, HelloFresh, and now also Deliveroo are all recommended./ag/tih
Publication of the original study: December 4, 2024 / 10:27 PM / GMT
First distribution of the original study: December 5, 2024 / 12:15 AM / GMT
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Hauck Aufhäuser IB lowers target for Delivery Hero to 52 euros
HAMBURG (dpa-AFX Analyst) - Hauck Aufhäuser Investment Banking has lowered its price target for Delivery Hero from €61 to €52 and maintained its "Buy" rating. The new estimates for the delivery service now take into account Talabat's IPO, analyst Christian Salis wrote in a report released Tuesday. As a result, the leverage ratio will improve significantly from 2025 onwards./mf/mne
Publication of the original study: December 3, 2024 / 8:30 a.m. / CET
First distribution of the original study: December 3, 2024 / 8:30 a.m. / CET
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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JPMorgan maintains Delivery Hero at 'Overweight' - target 42 euros
NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for Delivery Hero at "Overweight" with a price target of €42. While the change in the working model at its Spanish subsidiary Glovo is initially slightly negative, analyst Marcus Diebel wrote in his commentary published on Monday, a long-standing problem appears to be finally resolved if the reclassification by the Spanish labor authority is in line with the food delivery company's expectations. Diebel assumes that the consensus for operating profit for 2025 will decrease by €100 million, in line with the company's statement./ag/zb
Publication of the original study: December 2, 2024 / 8:11 a.m. / GMT
First distribution of the original study: December 2, 2024 / 8:19 a.m. / GMT
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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UBS maintains Delivery Hero 'Buy' - target 56 euros
ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its "Buy" rating for Delivery Hero with a price target of €56. The permanent employment of drivers from the Spanish subsidiary Glovo will halt the spiraling costs, wrote analyst Jo Barnet-Lamb in his commentary published on Monday. However, the hoped-for final solution to the problems there has not yet been found, as long as the labor authorities have not yet decided how costly past misconduct will be./ag/zb
Publication of the original study: December 2, 2024 / 8:22 a.m. / GMT
First distribution of the original study: December 2, 2024 / 8:22 a.m. / GMT
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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JPMorgan maintains Delivery Hero at 'Overweight' - target 42 euros
NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for Delivery Hero at "Overweight" with a price target of €42. The outlook for the food delivery service is brighter than ever, wrote analyst Marcus Diebel in his industry commentary published on Tuesday. He also sees an acceleration of acquisitions and mergers in the sector./edh/ag
Publication of the original study: November 25, 2024 / 7:41 p.m. / GMT
First distribution of the original study: November 26, 2024 / 12:15 a.m. / GMT
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Bernstein maintains Delivery Hero at 'Outperform' - Target 59 euros
NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for Delivery Hero at "Outperform" with a price target of €59. The fee structure now agreed upon in Korea will barely impact revenue from the ordering app Baemin, owned by subsidiary Woowa, wrote analyst Annick Maas in her commentary on the food delivery service's shares published Tuesday. The fee structure will essentially return to the pre-August level. Baemin also generates good advertising revenue, which could be expanded to compensate for potential revenue losses./ag/la
Publication of the original study: November 25, 2024 / 5:34 PM / UTC. First distribution of the original study: November 26, 2024 / 6:00 AM / UTC.
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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UBS raises target for Delivery Hero to 56 euros - 'Buy'
ZURICH (dpa-AFX Analyst) - Swiss bank UBS has raised its price target for Delivery Hero from €47 to €56 and maintained its "Buy" rating. The potential Talabat IPO would highlight the company's true value, analyst Jo Barnet-Lamb wrote in his commentary published Friday. Such value creation could also pave the way for dividends to shareholders. Delivery Hero remains UBS's favorite in the European internet space over the next one year./ag/tih
Publication of the original study: November 15, 2024 / 00:51 / GMT
First distribution of the original study: November 15, 2024 / 00:51 / GMT
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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UBS maintains Delivery Hero at 'Buy' - target 47 euros
ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its "Buy" rating for Delivery Hero with a price target of €47. The confirmation of the timing and size of Talabat's IPO is reassuring, analyst Jo Barnet-Lamb wrote on Monday morning. Some investors recently doubted that anything would actually happen in the fourth quarter./ag/ajx
Publication of the original study: November 11, 2024 / 6:31 a.m. / GMT
First distribution of the original study: November 11, 2024 / 6:31 a.m. / GMT
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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UBS lowers target for Delivery Hero to 47 euros - 'Buy'
ZURICH (dpa-AFX Analyst) - Swiss bank UBS has lowered its price target for Delivery Hero from €50 to €47, but maintained its "Buy" rating. Gross transaction volume (GTV) growth accelerated in the past quarter, analyst Jo Barnet-Lamb wrote in his commentary on the results released Friday. The stock remains his industry favorite. However, the planned investments in South Korea are likely to weigh on the food delivery service in the coming year, which is why it has now become more cautious about profitability./gl/ag
Publication of the original study: November 8, 2024 / 1:05 a.m. / GMT First distribution of the original study: November 8, 2024 / 1:05 a.m. / GMT
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Deutsche Bank raises target for Delivery Hero to 35 euros - 'Hold'
FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research raised its price target for Delivery Hero from €29 to €35, but maintained its "Hold" rating. The food delivery service's mixed quarterly figures and statements regarding its investment strategy in Asia have prompted caution, wrote analyst Silvia Cuneo in her commentary published Friday. The higher price target was justified by the expected positive effects of Talabat's IPO.
Publication of the original study: November 8, 2024 / 8:30 a.m. / CET. First distribution of the original study: Date not specified in study / Time not specified in study / CET.
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Bernstein maintains Delivery Hero at 'Outperform' - Target 59 euros
NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained Delivery Hero's "Outperform" rating with a price target of €59. The food delivery service confirmed its outlook with its quarterly figures in line with expectations, analyst Annick Maas wrote in her review published Friday. However, the company now expects revenue and gross merchandise value (GMV) to be at the upper end of its confirmed annual target ranges, while targeting the lower end for operating profit (EBITDA). Maas lowered her estimates, but continues to view the stock as a bet on a positive turnaround./gl/ag
Publication of the original study: November 7, 2024 / 4:19 p.m. / UTC. First distribution of the original study: November 8, 2024 / 6:00 a.m. / UTC.
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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JPMorgan lowers target for Delivery Hero to 42 euros - 'Overweight'
NEW YORK (dpa-AFX Analyst) - US bank JPMorgan lowered its price target for Delivery Hero from €50 to €42, but maintained its rating at "Overweight." At the analyst conference on the latest sales figures, the food delivery service's management spoke of continued difficult business conditions in South Korea and announced further extensive growth investments, Marcus Diebel wrote on Thursday evening. These are necessary, but margin expansion in Asia is off the table for now. The expert lowered its operating earnings (EBITDA) estimates for the years up to 2026, but still sees some price drivers./gl/ag
Publication of the original study: November 7, 2024 / 9:52 PM / GMT. First distribution of the original study: November 8, 2024 / 12:15 AM / GMT
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Bernstein maintains Delivery Hero at 'Outperform' - Target 59 euros
NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for Delivery Hero at "Outperform" with a price target of €59. The comments regarding the annual targets are likely to cause price fluctuations, analyst Annick Maas wrote on Thursday morning. The quarterly report itself was unspectacular./ag/mis
Publication of the original study: November 7, 2024 / 7:04 a.m. / UTC
First distribution of the original study: November 7, 2024 / 7:04 a.m. / UTC
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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RBC maintains Delivery Hero at 'Outperform' - Target €45
NEW YORK (dpa-AFX Analyst) - Canadian bank RBC maintained Delivery Hero's "Outperform" rating with a price target of €45 following its quarterly results. The food delivery service performed as expected and narrowed its growth outlook for gross merchandise value (GMV) upwards, while now expecting adjusted operating profit (EBITDA) to be at the lower end of its target range, analyst Wassachon Udomsilpa wrote in a report released Thursday. The consensus estimate for cash flow is at the upper end of its target range. The expert sees the company as still well positioned and the stock as attractively valued./gl/stk
Publication of the original study: November 7, 2024 / 2:00 a.m. / EDT First distribution of the original study: November 7, 2024 / 2:00 a.m. / EDT
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Jefferies maintains Delivery Hero at 'Buy' - target €44
NEW YORK (dpa-AFX Analyst) - The analyst firm Jefferies has maintained its "Buy" rating for Delivery Hero with a price target of €44. The results were solid, wrote analyst Giles Thorne on Thursday morning after the company's earnings release. However, the quarterly report remains silent on Talabat's IPO, the most important topic for the shares./ag/gl
Publication of the original study: November 7, 2024 / 2:10 a.m. / ET First distribution of the original study: November 7, 2024 / 2:10 a.m. / ET
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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JPMorgan maintains Delivery Hero at 'Overweight' - target 50 euros
NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for Delivery Hero at "Overweight" with a price target of €50. The quarterly results were mixed, wrote analyst Marcus Diebel on Thursday morning. The annual operating result, now expected at the lower end of the target range, will trigger discussions about investments in South Korea./ag/gl
Publication of the original study: November 7, 2024 / 7:03 a.m. / GMT First distribution of the original study: November 7, 2024 / 7:45 a.m. / GMT
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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UBS maintains Delivery Hero at 'Buy' - target 50 euros
ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained a "buy" rating on Delivery Hero with a price target of €50. Analyst Jo Barnet-Lamb wrote in his commentary published on Monday that nothing particularly surprising can be seen in the interview statements made by the CEO of Meituan. The Chinese delivery service is reportedly considering expanding into several other markets worldwide./gl/ag
Publication of the original study: November 4, 2024 / 8:24 a.m. / GMT First distribution of the original study: November 4, 2024 / 8:24 a.m. / GMT
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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UBS maintains Delivery Hero at 'Buy' - target 50 euros
ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained a "buy" rating on Delivery Hero with a price target of €50. September data from the South Korean statistics agency Kosis showed an impressive 17 percent year-on-year increase in the transaction value of online grocery orders, analyst Jo Barnet-Lamb wrote in a study released Friday. There were also impressive increases in the months of June to August, albeit not as strong as the current one. The continued growth in gross merchandise value (GMV) in South Korea is a positive development for the entire industry, which has largely been ignored by the market for months.
Publication of the original study: November 1, 2024 / 7:42 a.m. / GMT First distribution of the original study: November 1, 2024 / 7:42 a.m. / GMT
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Bernstein maintains Delivery Hero at 'Outperform' - Target 59 euros
NEW YORK (dpa-AFX Analyser) - The US analyst firm Bernstein Research has maintained its rating for Delivery Hero at "Outperform" with a price target of 59 euros. Baemin, Delivery Hero's South Korean food delivery platform, announced an increase in commission fees in the summer, but this appears to have been unsuccessful so far, wrote analyst Annick Maas in a study released Thursday./ajx/mis
Publication of the original study: October 31, 2024 / 8:04 a.m. / UTC First distribution of the original study: October 31, 2024 / 8:04 a.m. / UTC
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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JPMorgan raises target for Delivery Hero to 50 euros - 'Overweight'
NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has raised its price target for Delivery Hero from €43 to €50 and maintained its rating at "Overweight." Despite the recent share price increase over the past three months, more can be expected from the food delivery company, analyst Marcus Diebel wrote in a report released Friday. Market margin expectations are still too low. The expert raised its operating profit estimates for the coming year, significantly exceeding the consensus./niw/mis
Publication of the original study: October 24, 2024 / 9:18 PM / BST
First distribution of the original study: October 25, 2024 / 12:15 AM / BST
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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UBS raises target for Delivery Hero to 50 euros - 'Buy'
ZURICH (dpa-AFX Analyst) - Swiss bank UBS has raised its price target for Delivery Hero from €40 to €50 and maintained its "Buy" rating. According to his commentary published Thursday, analyst Jo Barnet-Lamb continues to see a significant discrepancy between intrinsic value and share price. He raised his growth estimates primarily due to Korea and favors the stock in the e-food sector. Talabat's presentation did not disappoint. Talabat consolidates its business in the Middle East and North Africa, which is scheduled to be listed on the Dubai Stock Exchange in the fourth quarter./ag/gl
Publication of the original study: October 10, 2024 / 05:29 / GMT. First distribution of the original study: October 10, 2024 / 05:29 / GMT.
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Bernstein maintains Delivery Hero at 'Outperform' - Target 59 euros
NEW YORK (dpa-AFX Analyst) - US analyst Bernstein Research has maintained its rating for Delivery Hero at "Outperform" with a price target of €59. The event not only underscored the value of food delivery companies' shares, but also demonstrated how they can maximize it, analyst William Woods wrote on Tuesday at Talabat's Capital Markets Day. Delivery Hero's business in the Middle East and North Africa is consolidated in Talabat, which is scheduled to go public in Dubai in the fourth quarter./ag/gl
Publication of the original study: October 8, 2024 / 1:09 PM / UTC First distribution of the original study: October 8, 2024 / 1:09 PM / UTC
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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RBC maintains Delivery Hero at 'Outperform' - Target €45
NEW YORK (dpa-AFX Analyst) - Canadian bank RBC maintained Delivery Hero's "Outperform" rating with a price target of €45 following a capital markets day on its pre-IPO subsidiary Talabat. The presentation highlighted the food delivery company's strong market leadership, attractive customer groups, data capabilities, significant growth potential, and continuous margin and cash flow improvements at its Middle East and North Africa subsidiary, analyst Wassachon Udomsilpa wrote in a report released Tuesday. She is confident that Talabat will continue to achieve double-digit growth in gross merchandise volume in the medium term and will also be able to pay a continuous dividend./ck/he
Publication of the original study: October 8, 2024 / 10:35 a.m. / EDT First distribution of the original study: October 8, 2024 / 10:35 a.m. / EDT
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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UBS maintains Delivery Hero at 'Buy' - target 40 euros
ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its "Buy" rating for Delivery Hero following a presentation on its Middle Eastern brand Talabat, with a price target of €40. The presentation mentioned financial targets for the subsidiary, for which an IPO in Dubai is being considered, wrote analyst Jo Barnet-Lamb in his commentary published on Tuesday. These goals are likely to be the focus for the time being, as further information – for example, about the market in the MENA region – will likely take time to process./tih/ag
Publication of the original study: October 8, 2024 / 9:27 a.m. / GMT
First distribution of the original study: October 8, 2024 / 9:27 a.m. / GMT
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Deutsche Bank Research raises target for Delivery Hero - 'Hold'
FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research raised its price target for Delivery Hero from €25 to €29, but maintained its "Hold" rating. The food delivery company must deliver profitable growth for the third quarter, analyst Silvia Cuneo wrote in her industry outlook for the reporting season published Friday. Her September survey in six core markets revealed a rather mixed picture. Cuneo particularly likes Deliveroo at the moment./ag/gl
Publication of the original study: October 4, 2024 / Time not specified in the study / CET. First distribution of the original study: October 4, 2024 / 8:05 a.m. / CET
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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UBS maintains Delivery Hero at 'Buy' - target 40 euros
ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its "Buy" rating for Delivery Hero with a price target of €40. The Korean food delivery service performed significantly better in August than in July, wrote analyst Jo Barnet-Lamb in his commentary on market data published Wednesday./ag/la
Publication of the original study: October 2, 2024 / 6:22 a.m. / GMT
First distribution of the original study: October 2, 2024 / 6:22 a.m. / GMT
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Bernstein maintains Delivery Hero at 'Outperform' - Target 59 euros
NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for Delivery Hero at "Outperform" with a price target of €59. Analyst Annick Maas wrote in her industry commentary published Tuesday that the food delivery company's stock is a margin turnaround story supported by several positive drivers./edh/ag
Publication of the original study: September 30, 2024 / 6:51 p.m. / UTC
First distribution of the original study: October 1, 2024 / 5:00 a.m. / UTC
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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UBS maintains Delivery Hero at 'Buy' - target 40 euros
ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its "Buy" rating for Delivery Hero with a price target of €40. The presentation on Talabat provided investors with a wealth of useful information regarding the company's assessment of the UAE-based subsidiary, which is scheduled to be listed on the stock exchange, wrote analyst Jo Barnet-Lamb on Thursday morning. He recalled that he had already repeatedly pointed out that Delivery's quality assets were undervalued./ag/gl
Publication of the original study: September 12, 2024 / 9:05 a.m. / GMT First distribution of the original study: September 12, 2024 / 9:05 a.m. / GMT
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Bernstein maintains Delivery Hero at 'Outperform' - Target 59 euros
NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for Delivery Hero at "Outperform" with a price target of €59. The presentation on Talabat contains some new data on the UAE-based subsidiary, which is scheduled to go public soon, analyst Annick Maas wrote on Thursday morning. In particular, it demonstrates the strength and activity of the customer base and thus sends a positive signal for the entire food delivery industry./ag/la
Publication of the original study: September 12, 2024 / 7:51 a.m. / UTC
First distribution of the original study: September 12, 2024 / 7:51 a.m. / UTC
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Bernstein maintains Delivery Hero at 'Outperform' - Target 59 euros
NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for Delivery Hero at "Outperform" with a price target of €59. In the important and competitive South Korean market, the food delivery service's subsidiary Baemin now has a market share of 70 percent, wrote analyst Bokyung Suh in a commentary published Tuesday. With the upcoming launch of Baemin Club – a subscription service with discounts – competition is likely to develop into a duopoly between Baemin and its largest local competitor, Coupang Eats.
Publication of the original study: September 9, 2024 / 11:08 a.m. / UTC. First distribution of the original study: September 9, 2024 / 8:30 p.m. / UTC.
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Bernstein maintains Delivery Hero at 'Outperform' - Target 59 euros
NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for Delivery Hero at "Outperform" with a price target of €59. The second quarter was another step in the right direction for the food delivery service, wrote analyst Annick Maas in a report released Wednesday. In addition to strong figures, especially in the North Africa and Middle East regions, the findings on the Korean business, the consideration of an IPO for Talabat, the confirmed outlook, and free cash flow approaching the break-even point are all good news for the recently battered stock./tih/ck
Publication of the original study: September 3, 2024 / 4:58 p.m. / UTC
First distribution of the original study: September 4, 2024 / 4:00 a.m. / UTC
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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UBS maintains Delivery Hero at 'Buy' - target 40 euros
ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its "Buy" rating for Delivery Hero with a price target of €40 following recent transaction data for the online food delivery service in South Korea. Overall, market trends remain encouraging, wrote analyst Jo Barnet-Lamb in a report published Tuesday./ajx/ngu
Publication of the original report: September 2, 2024 / 6:47 a.m. / GMT First distribution of the original report: September 2, 2024 / 6:47 a.m. / GMT
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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UBS raises target for Delivery Hero to 40 euros - 'Buy'
ZURICH (dpa-AFX Analyst) - Swiss bank UBS has raised its price target for Delivery Hero from 39 to 40 euros and maintained its "buy" rating. The food delivery service's recently released figures demonstrate a strong first half of the year, analyst Jo Barnet-Lamb wrote in a report released Friday. Another key piece of positive news is the plans for an IPO of the rapidly growing Talabat brand in Dubai./gl/mis
Publication of the original study: August 30, 2024 / 02:42 / GMT. First distribution of the original study: August 30, 2024 / 02:42 / GMT.
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Deutsche Bank raises target for Delivery Hero to 25 euros - 'Hold'
FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research raised its price target for Delivery Hero from €23 to €25 and maintained its "Hold" rating. The food delivery service recently reported strong results and presented its plans for an IPO of the Talabat brand in Dubai, analyst Silvia Cuneo wrote in a report released Friday. It raised its estimates for revenue and adjusted operating profit (EBITDA)./gl/mis
Publication of the original study: August 30, 2024 / 8:23 a.m. / CET First distribution of the original study: Date not specified in study / Time not specified in study / CET
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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JPMorgan maintains Delivery Hero at 'Overweight' - target 32 euros
NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained Delivery Hero's "Overweight" rating with a price target of €32 following the company's earnings release. The food delivery service significantly exceeded expectations in the second quarter thanks to the strong MENA (Middle East and North Africa) region, while business in the Asia-Pacific region performed weakly, as expected, wrote analyst Marcus Diebel in a report released Thursday. However, the consensus estimates should remain unchanged.
Publication of the original study: August 29, 2024 / 8:05 a.m. / BST
First distribution of the original study: August 29, 2024 / 8:13 a.m. / BST
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Bernstein maintains Delivery Hero at 'Outperform' - Target 59 euros
NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained Delivery Hero's rating of "Outperform" with a price target of €59, based on the company's earnings and in light of the announced initial public offering (IPO) of the Talabat brand. The food delivery service performed strongly overall in the first half of the year and the second quarter thanks to the MENA (Middle East and North Africa) region, while trends in the Asia-Pacific region were disappointing, wrote analyst Annick Maas in a study released Thursday. Regarding the IPO of the rapidly growing Talabat brand on the Dubai Stock Exchange, she asked why the company was planning this in the fourth quarter, given the division's cash flow./gl/bek
Publication of the original study: August 29, 2024 / 6:57 a.m. / UTC First distribution of the original study: August 29, 2024 / 6:57 a.m. / UTC
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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RBC maintains Delivery Hero at 'Outperform' - Target €45
NEW YORK (dpa-AFX Analyst) - Canadian bank RBC has maintained Delivery Hero's rating of "outperform" with a price target of €45, based on the company's financial results and in light of the announced initial public offering (IPO) of the Talabat brand. The food delivery service exceeded expectations with gross merchandise value and operating profit (EBITDA) in the first half of the year, analyst Wassachon Udomsilpa wrote in a study published Thursday. Regarding the IPO of the rapidly growing Talabat brand on the Dubai Stock Exchange, she noted that Delivery Hero is likely to retain a majority stake. The expert estimates the value of the business in the MENA region (Middle East and North Africa) at €5 billion./gl/bek
Publication of the original study: August 29, 2024 / 2:42 a.m. / EDT First distribution of the original study: August 29, 2024 / 2:42 a.m. / EDT
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Deutsche Bank maintains Delivery Hero on 'Hold' - Target 23 euros
FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research has maintained Delivery Hero's "Hold" rating with a price target of €23, following the company's earnings and in view of the announced initial public offering (IPO) of the Talabat brand. Following a surprisingly strong second quarter, the food delivery service is well on track to achieve its annual targets, wrote analyst Silvia Cuneo in a study published Thursday. The PO plans for the rapidly growing Talabat brand on the Dubai Stock Exchange are also likely to be a positive surprise for the market, as they could help its valuation./gl/ck
Publication of the original study: August 29, 2024 / 7:10 a.m. / GMT
First distribution of the original study: Date not specified in study / Time not specified in study / GMT
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Barclays raises target for Delivery Hero to 52 euros - 'Overweight'
LONDON (dpa-AFX Analyst) - British investment bank Barclays has raised its price target for Delivery Hero from €49 to €52 and maintained its rating at "Overweight." The food delivery service's latest quarterly figures were generally positive, wrote analyst Andrew Ross in a report released Friday. In addition, the planned IPO of the Talabat brand in Dubai could underscore the combined value of the company's assets and help reduce debt./gl/mis
Publication of the original study: August 29, 2024 / 8:45 PM / GMT. First distribution of the original study: August 30, 2024 / 3:00 AM / GMT
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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JPMorgan raises target for Delivery Hero to 37 euros - 'Overweight'
NEW YORK (dpa-AFX Analyst) - US bank JPMorgan raised its price target for Delivery Hero from €32 to €37 following the company's earnings release and in light of a planned IPO for its Middle Eastern business, while maintaining its "Overweight" rating. Analyst Marcus Diebel praised the food delivery service's very encouraging statements at an analyst conference in a report released Thursday. The trends in Korea and Saudi Arabia were encouraging, while cash flow metrics were improving rapidly. He remains of the opinion that European food delivery services are generally significantly undervalued./tih/ajx
Publication of the original study: August 29, 2024 / 4:29 PM / BST
First distribution of the original study: August 29, 2024 / 5:18 PM / BST
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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UBS maintains Delivery Hero at 'Buy' - target 39 euros
ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its "Buy" rating for Delivery Hero following its quarterly results, with a price target of €39. Gross merchandise volume and operating profit exceeded expectations, analyst Jo Barnet-Lamb wrote in a report released Thursday. He noted, however, that weakness in Asia continued in the second quarter. Regarding the planned IPO of the Middle Eastern subsidiary Talabat, he said he has always greatly valued these activities./tih/gl
Publication of the original study: August 29, 2024 / 7:34 a.m. / GMT First distribution of the original study: August 29, 2024 / 7:34 a.m. / GMT
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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JPMorgan maintains Delivery Hero at 'Overweight' - target 32 euros
NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained Delivery Hero's "Overweight" rating with a price target of €32. The European food delivery services have finally reached breakeven and are generating cash inflows, bringing the sector, which has been unpopular in recent years, back into investor focus, wrote analyst Marcus Diebel in an industry report released Wednesday. At the same time, the change in leadership at Delivery Hero's major shareholder, Prosus, is raising concerns about mergers and acquisitions. From Diebel's perspective, possible scenarios include a merger of Delivery Hero with Just Eat Takeaway or the combination of Delivery Hero's Latin American business with iFood./gl/ngu
Publication of the original study: August 27, 2024 / 10:23 PM / BST. First distribution of the original study: August 28, 2024 / 12:15 AM / BST
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.