Rocket Internet (RKET) Given a €53.00 Price Target by Berenberg Bank Analysts
Several other research firms also recently weighed in on RKET. Warburg Research set a €37.00 ($45.68) price target on shares of Rocket Internet and gave the company a buy rating in a research note on Wednesday, November 29th. Barclays set a €25.15 ($31.05) price target on shares of Rocket Internet and gave the company a neutral rating in a research note on Thursday, November 30th. Finally, Citigroup set a €23.00 ($28.40) price target on shares of Rocket Internet and gave the company a neutral rating in a research note on Tuesday, December 12th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. Rocket Internet currently has an average rating of Hold and a consensus price target of €32.79 ($40.48).
Rocket Internet (FRA RKET) opened at €21.66 ($26.74) on Monday. Rocket Internet has a 52 week low of €15.17 ($18.73) and a 52 week high of €25.08 ($30.96). The firm has a market cap of $3,680.00 and a price-to-earnings ratio of -25.48.
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 in the Fintech sector. The firm seeks to make investments in Internet companies with a focus on online and mobile retail services.
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