Rocket Internet (FRA:RKET) has been assigned a €26.00 ($30.23) price target by analysts at Kepler Capital Markets in a report issued on Friday, Borsen Zeitung reports. The brokerage presently has a “buy” rating on the stock. Kepler Capital Markets’ target price would suggest a potential upside of 14.04% from the stock’s previous close.
Several other analysts have also issued reports on the company. JPMorgan Chase & Co. set a €28.00 ($32.56) target price on Rocket Internet and gave the stock a “neutral” rating in a report on Tuesday, February 26th. Bank of America set a €21.00 ($24.42) price target on Rocket Internet and gave the company a “sell” rating in a research note on Monday, January 7th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of €30.18 ($35.09).
Shares of FRA RKET opened at €22.80 ($26.51) on Friday. Rocket Internet has a fifty-two week low of €15.17 ($17.64) and a fifty-two week high of €26.14 ($30.40).
Rocket Internet Company Profile
Rocket Internet SE is an incubator, private equity, and venture capital firm specializing in incubation, early-stage, growth capital, late venture, later stage, and start-ups. The firm seeks to make investments in Internet companies with a focus on online and mobile retail services. It prefers to invest in technology and Internet-based companies with a focus on financial technology, software, food and groceries which includes individualized fresh food at home and online food delivery, fashion which includes emerging markets online fashion, general merchandise which includes emerging markets online retail as well as marketplaces for online merchandise, home and living which includes international home and living ecommerce, travel including online and mobile travel bookings, mobile data services, package holidays with transfer, regional internet groups, and new businesses and investments.
Further Reading: Retained Earnings
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