ubs lowers delivery hero target to 47 euros maintains buy rating

Delivery Hero's price target has been revised by UBS, with a decrease from 50 euros to 47 euros. Despite this, UBS still maintains a "Buy" rating for the company.

Analyst Jo Barnet-Lamb highlighted the company's strong growth in gross transaction volume (GTV) in the previous quarter, solidifying its position as a preferred choice in the industry. However, UBS expressed concerns about Delivery Hero's profitability due to planned investments in South Korea, which are expected to impact the food delivery service in the coming year.

The stock has experienced a decline, with recent trading prices at around 35.96 euros, reflecting a 3.31% drop for the day. Delivery Hero's stock performance has been volatile, with prices ranging from 35.52 euros to 37.38 euros across different exchanges. The stock's annual high is 42.05 euros, while the annual low is 14.92 euros.

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