UBS AG has increased its price target for Delivery Hero from 47 euros to 56 euros while keeping a "Buy" rating.
Analyst Jo Barnet-Lamb emphasized the potential IPO of Talabat as a catalyst for the group's true value to be recognized, indicating opportunities for 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 revised price target suggests a positive outlook for investors as the market awaits developments related to the Talabat IPO.