Yahoo Finance

Goldman Sachs analyst Lisa Yang resumed coverage of Delivery Hero (DLVHF) with a Buy rating and EUR 39 price target t Competitive pressures have had a significant impact in South Korea and Hong Kong, and headline risks over the expansion of Keeta in MENA could continue to drive short-term volatility in the shares, but these are more than reflected in the stock’s valuation multiples, the analyst tells investors in a research note. Goldman sees an attractive risk/reward from here, with the balance sheet no longer a concern, and Delivery Hero continuing to demonstrate strong momentum across all its segments outside of Asia, the firm added.

Light Up your Portfolio with Spark:

• Easily identify stocks' risks and opportunities.

• Discover stocks' market position with detailed competitor analyses.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

See the top stocks recommended by analysts >>

Read More on DLVHF:

Disclaimer & DisclosureReport an Issue

• Buy Rating for Delivery Hero SE: Positive Financial Outlook Boosted by $250 Million Termination Fee from Uber

• Uber ends acquisition agreement of Delivery Hero’s Taiwan foodpanda business

• Strong Market Position and Financial Performance Justify Buy Rating for Delivery Hero SE

• Delivery Hero SE Faces Competitive Pressure and Financial Challenges in MENA Region Amid Keeta’s Aggressive Market Entry

• Delivery Hero downgraded to Sell from Neutral at Citi