UBS maintains buy rating for Delivery Hero with 50 euro price target

Delivery Hero has been given a "Buy" rating by UBS AG, with a price target of 50 euros for the shares. The shares are currently trading at 39.76 euros, down 0.38%.

According to analyst Jo Barnet-Lamb, the head of Chinese delivery service Meituan has expressed plans for potential expansion into global markets, which could impact the competitive landscape. The analysis, published on November 4, 2024, emphasizes the ongoing developments in the delivery sector and suggests that Delivery Hero remains a strong investment opportunity despite market fluctuations. It is advised for investors to monitor the situation as international competition evolves.

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