Delivery Hero resumed with a Buy at Goldman Sachs

Written by Emily J. Thompson, Senior Investment Analyst

Updated: Mar 25 2025

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Goldman Sachs Analyst Coverage: Lisa Yang has resumed coverage of Delivery Hero with a Buy rating and a price target of EUR 39, indicating confidence in the company's potential despite competitive pressures in South Korea and Hong Kong.
Market Outlook: The analyst believes that current valuation multiples reflect short-term volatility risks related to Keeta's expansion in MENA, while Delivery Hero shows strong momentum outside Asia and no longer faces balance sheet concerns.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.