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J.P. Morgan Reaffirms Their Buy Rating on Delivery Hero SE (DHER)

J.P. Morgan Reaffirms Their Buy Rating on Delivery Hero SE (DHER)

In a report released today, Marcus Diebel from J.P. Morgan maintained a Buy rating on Delivery Hero SE (DHER – Research Report), with a price target of €35.00. The company's shares closed yesterday at €22.60.
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Diebel covers the Consumer Cyclical sector, focusing on stocks such as Delivery Hero SE, HelloFresh SE, and AUTO1 Group SE. According to TipRanks, Diebel has an average return of -2.3% and a 43.76% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Delivery Hero SE with a €40.17 average price target, which is a 77.74% upside from current levels. In a report released on June 10, UBS also maintained a Buy rating on the stock with a €39.00 price target.
Based on Delivery Hero SE's latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of €2.89 billion and a GAAP net loss of €359.1 million. In comparison, last year the company earned a revenue of €2.42 billion and had a GAAP net loss of €415.05 million
Based on the recent corporate insider activity of 8 insiders, corporate insider sentiment is neutral on the stock.
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