Rocket Internet (FRA:RKET) has been given a €29.60 ($34.42) price objective by equities research analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Thursday, September 13th. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s price target suggests a potential upside of 11.78% from the stock’s previous close.
A number of other analysts have also commented on the stock. Berenberg Bank set a €53.00 ($61.63) price target on shares of Rocket Internet and gave the stock a “buy” rating in a research note on Tuesday, July 24th. Deutsche Bank set a €32.00 ($37.21) target price on shares of Rocket Internet and gave the company a “buy” rating in a research report on Friday, July 6th. Warburg Research set a €30.00 ($34.88) target price on shares of Rocket Internet and gave the company a “buy” rating in a research report on Tuesday, June 26th. Finally, Barclays set a €26.35 ($30.64) target price on shares of Rocket Internet and gave the company a “neutral” rating in a research report on Wednesday, May 30th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of €31.54 ($36.68).
Shares of RKET stock traded down €0.88 ($1.02) during trading hours on Thursday, reaching €26.48 ($30.79). The company had a trading volume of 652,735 shares. Rocket Internet has a one year low of €15.17 ($17.64) and a one year high of €26.14 ($30.40).
Rocket Internet Company Profile
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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