UBS maintains buy rating for Delivery Hero with target price of 47 euros

Delivery Hero has been given a "Buy" rating by UBS AG, with a target price of 47 euros for the shares. The shares are currently trading at 38.19 euros, representing a 2.99% increase.

Analyst Jo Barnet-Lamb is confident in the timing and size of the upcoming Talabat IPO, which has addressed concerns among investors about its execution in the fourth quarter. The report, published on November 11, 2024, emphasizes the positive outlook for Delivery Hero amid market speculation. UBS's analysis suggests that the anticipated IPO could boost investor sentiment and support the company's growth trajectory.

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