Jefferies downgrades Just Eat Takeaway to "hold" amid prosus takeover offer By Investing.com
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 25 2025
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Source: Investing.com
Jefferies Downgrade: Jefferies has downgraded Just Eat Takeaway.com to a "hold" rating due to the high likelihood of a successful acquisition by Prosus at €20.30 per share, which represents a 49% premium over its recent stock price.
Financial Performance and Projections: JET's FY24 results showed slight revenue misses and reduced free cash flow guidance for FY25, leading Jefferies to cut adjusted EBITDA estimates by up to 18.7% for FY25-FY27, while setting a new price target aligned with the acquisition offer.
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.
