UBS has raised its price target for Delivery Hero from 47 to 56 euros while keeping a "Buy" rating.
Analyst Jo Barnet-Lamb believes that the potential IPO of Talabat could reveal the true value of Delivery Hero, leading to significant value creation and potential shareholder distributions.
Delivery Hero remains a preferred stock for UBS in the European internet sector, reflecting strong confidence in the company's growth prospects.
The updated price target and positive outlook demonstrate the bank's commitment to the stock as a key investment opportunity.