Delivery Hero shares rise after UBS buy recommendation and price target increase

Delivery Hero shares have experienced a surge in value after UBS recommended buying them and increased the price target. UBS has raised its target for Delivery Hero from 47 to 56 euros while maintaining its "Buy" rating.

This positive outlook has led to a temporary increase in the share price, which reached 39.69 euros, representing a 2.24 percent rise during XETRA trading. Analyst Jo Barnet-Lamb has emphasized the potential impact of Talabat's upcoming IPO, which could provide insight into Delivery Hero's true value and potentially result in shareholder distributions.

UBS continues to view Delivery Hero as a top pick in the European internet sector for the coming year.

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