Delivery Hero's price target has been raised by UBS from 47 euros to 56 euros, with a "Buy" rating maintained.
Analyst Jo Barnet-Lamb believes that the potential IPO of Talabat could highlight the true value of the group, leading to shareholder distributions.
UBS continues to have strong confidence in Delivery Hero's growth prospects and considers it a favored stock in the European internet sector. The bank's updated target and positive outlook reflect their belief in the company's potential to generate significant returns for investors.