HelloFresh has been given a 'Sell' rating by UBS, with a target price of 6.20 euros.
The rating is based on the company's improved results, which were attributed to a decrease in marketing expenses.
The update was released on October 29, 2024, following the publication of HelloFresh's latest financial figures.
UBS's analysis emphasizes the ongoing challenges HelloFresh faces in the competitive meal kit delivery market.
Investors will be closely watching HelloFresh's performance in light of this rating, as it reflects UBS's cautious outlook on the company's future growth prospects.