UBS increases Delivery Hero price target to 53 euros

UBS increases Delivery Hero price target to 53 euros

The major Swiss bank UBS has significantly increased the price target for Delivery Hero for the second time in just a few days. Analyst Jo Barnet-Lamb reacted to the quarterly report and increased the target from 48 to 53 euros. Despite increasing investments in Korea, he is optimistic about the company's results. The first quarter was rated as strong and the report was positive overall, he said. In its previous analysis, Barnet-Lamb named Delivery Hero a “Top E-Food Pick,” a leading choice among online food stocks.

The original study was published on April 26, 2024 at 02:24 GMT. The increasing positivity regarding Delivery Hero is reflected in UBS's adjustment of the price target. Despite increasing investments in Korea, the bank maintains a “Buy” rating. Investments in the Asian market appear to be paying off, according to Barnet-Lamb, leading to a positive outlook for the company.

It is noteworthy that UBS is raising the price target for Delivery Hero for the second time within a short period of time. This reaction to the quarterly report and the expert's assessment indicate a strong performance for the company. The investments in the Korean market are seen as a positive step that could lead to an optimistic contribution to earnings. Delivery Hero continues to be viewed as a promising investment opportunity in the e-food sector.