Rocket Internet (FRA:RKET) has been assigned a €31.00 ($38.27) price objective by research analysts at Deutsche Bank in a research report issued on Wednesday, March 14th. The brokerage presently has a “buy” rating on the stock. Deutsche Bank’s price target would suggest a potential upside of 25.00% from the stock’s previous close.
A number of other research firms have also weighed in on RKET. Berenberg Bank set a €53.00 ($65.43) target price on Rocket Internet and gave the company a “buy” rating in a report on Monday, February 26th. Citigroup set a €23.00 ($28.40) target price on Rocket Internet and gave the company a “neutral” rating in a report on Tuesday, December 12th. Warburg Research set a €30.00 ($37.04) price target on Rocket Internet and gave the company a “buy” rating in a research report on Wednesday, January 10th. Barclays set a €25.15 ($31.05) price target on Rocket Internet and gave the company a “neutral” rating in a research report on Thursday, November 30th. Finally, JPMorgan Chase set a €29.00 ($35.80) price target on Rocket Internet and gave the company a “buy” rating in a research report on Tuesday, February 13th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Rocket Internet currently has an average rating of “Buy” and an average price target of €31.86 ($39.33).
Shares of Rocket Internet stock traded down €0.04 ($0.05) on Wednesday, hitting €24.80 ($30.62). 180,167 shares of the company’s stock traded hands. Rocket Internet has a one year low of €15.17 ($18.73) and a one year high of €26.14 ($32.27).
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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 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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