Kepler Capital Markets Analysts Give Rocket Internet (RKET) a €26.00 Price Target
Other equities analysts have also recently issued reports about the stock. Barclays set a €29.40 ($34.19) target price on shares of Rocket Internet and gave the company a neutral rating in a research note on Monday, December 3rd. Deutsche Bank reissued a buy rating and issued a target price on shares of Rocket Internet in a research note on Monday, December 3rd. Oddo Bhf set a €26.00 ($30.23) target price on shares of Rocket Internet and gave the company a neutral rating in a research note on Monday, December 3rd. JPMorgan Chase & Co. set a €28.00 ($32.56) target price on shares of Rocket Internet and gave the company a neutral rating in a research note on Tuesday, February 26th. Finally, Bank of America set a €21.00 ($24.42) target price on shares of Rocket Internet and gave the company a sell rating in a research note on Monday, January 7th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of Hold and an average target price of €30.18 ($35.09).
FRA:RKET opened at €23.24 ($27.02) on Monday. Rocket Internet has a 1-year low of €15.17 ($17.64) and a 1-year high of €26.14 ($30.40).
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.
Read More: What is a stock buyback?
Receive News & Ratings for Rocket Internet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rocket Internet and related companies with MarketBeat.com's FREE daily email newsletter.