Rocket Internet (RKET) Given a €53.00 Price Target by Berenberg Bank Analysts
Rocket Internet (FRA:RKET) has been assigned a €53.00 ($63.10) price target by analysts at Berenberg Bank in a report issued on Thursday. The firm presently has a “buy” rating on the stock. Berenberg Bank’s price objective would indicate a potential upside of 155.42% from the stock’s current price.
Several other equities analysts also recently weighed in on RKET. Warburg Research set a €37.00 ($44.05) target price on Rocket Internet and gave the company a “buy” rating in a research report on Monday, September 11th. Barclays set a €25.15 ($29.94) target price on Rocket Internet and gave the company a “neutral” rating in a research report on Tuesday, October 3rd. Finally, Citigroup set a €23.00 ($27.38) target price on Rocket Internet and gave the company a “neutral” rating in a research report on Tuesday. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Rocket Internet has a consensus rating of “Hold” and a consensus target price of €34.54 ($41.12).
Rocket Internet (FRA RKET) opened at €20.75 ($24.70) on Thursday. Rocket Internet has a 12-month low of €15.17 ($18.06) and a 12-month high of €23.32 ($27.76).
About Rocket Internet
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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