Delivery Hero has received a 'Buy' rating from UBS, with a target price of 50 euros.

Recent data from South Korea's statistics agency Kosis shows a significant 17 percent year-on-year increase in the transaction value of online food orders for September.

Analyst Jo Barnet-Lamb noted that while growth was also strong from June to August, the current figures are particularly impressive.

The ongoing rise in gross merchandise value (GMV) in South Korea is seen as a positive trend for the broader industry, which has been overlooked by the market in recent months.

This suggests a favorable outlook for companies like Delivery Hero in the online food delivery sector.