Kepler Capital Markets set a €26.00 ($30.23) price target on Rocket Internet (FRA:RKET) in a research report report published on Wednesday, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.
A number of other analysts have also recently weighed in on the stock. Deutsche Bank set a €30.00 ($34.88) target price on shares of Rocket Internet and gave the stock a buy rating in a report on Friday, September 20th. JPMorgan Chase & Co. set a €29.00 ($33.72) target price on shares of Rocket Internet and gave the stock a neutral rating in a report on Monday, September 16th. Barclays set a €26.50 ($30.81) target price on shares of Rocket Internet and gave the stock a neutral rating in a report on Friday, September 20th. Finally, Berenberg Bank set a €30.00 ($34.88) target price on shares of Rocket Internet and gave the stock a buy rating in a report on Friday, September 20th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of €26.93 ($31.31).
Shares of FRA:RKET opened at €22.82 ($26.53) on Wednesday. Rocket Internet has a 1-year low of €15.17 ($17.64) and a 1-year high of €26.14 ($30.40). The company’s fifty day moving average is €23.67 and its two-hundred day moving average is €24.25.
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.
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