Jefferies says shares of this lesser known global delivery firm are set to soar over 125%
Written by Emily J. Thompson, Senior Investment Analyst
Source: CNBC
Just Eat Takeaway.com Stock Analysis:
- Jefferies analysts predict Just Eat Takeaway.com stock could more than double in the next 12 months.
- The U.S. investment bank set a target price of 25.5 euros on the stock, indicating a potential upside of 125.9%.
- Despite challenges faced by Grubhub due to government price controls, Jefferies remains bullish on Just Eat.
- The fee cap issue has impacted Grubhub's potential sale, but resolving it could be highly positive for the company.
- Just Eat expects a $100 million EBITDA impact from amending fee caps, affecting its earnings significantly.
Impact of Covid-19 on Food Delivery Platforms:
- Food delivery platforms like Just Eat saw increased demand during the pandemic due to social distancing restrictions.
- With easing restrictions and food inflation, some players are exiting markets they do not dominate.
- Just Eat experienced a drop in total orders in the first quarter, reflecting market challenges.
- Shares of Just Eat have declined year-to-date and over the past 12 months.
- The company is listed on Euronext Amsterdam, the London Stock Exchange, and trades as an American Depository Receipt in the U.S.
Analyst Views on UBER
Wall Street analysts forecast UBER stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for UBER is 114.67 USD with a low forecast of 73.00 USD and a high forecast of 150.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
31 Analyst Rating
27 Buy
3 Hold
1 Sell
Strong Buy
Current: 82.560
Low
73.00
Averages
114.67
High
150.00
Current: 82.560
Low
73.00
Averages
114.67
High
150.00
About UBER
Uber Technologies, Inc. operates a technology platform that uses network and technology to power movement from point A to point B. It develops and operates technology applications supporting a variety of offerings on its platform (platform(s)). Its segments include Mobility, Delivery and Freight. Mobility products connect consumers with drivers who provide rides in a variety of vehicles, such as cars, auto rickshaws, motorbikes, minibuses, or taxis. Delivery offerings allow consumers to search for and discover local restaurants, order a meal, and either pick-up at the restaurant or have the meal delivered. In certain markets, the Delivery segment provides offerings for grocery, alcohol, and convenience store delivery as well as select other goods. The Freight segment connects carriers with shippers on its platform, and gives carriers upfront, pricing and the ability to book a shipment. The Freight segment also includes transportation management and other logistics service offerings.
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.
