Rocket Internet (FRA:RKET) has been assigned a €30.00 ($34.88) price objective by equities researchers at Deutsche Bank in a report issued on Wednesday, Borsen Zeitung reports. The firm presently has a “buy” rating on the stock. Deutsche Bank’s price objective points to a potential upside of 30.32% from the stock’s current price.
A number of other equities analysts also recently commented on RKET. Bank of America set a €21.00 ($24.42) target price on shares of Rocket Internet and gave the stock a “sell” rating in a report on Monday, January 7th. JPMorgan Chase & Co. set a €28.00 ($32.56) target price on shares of Rocket Internet and gave the stock a “neutral” rating in a report on Tuesday, February 26th. Finally, Kepler Capital Markets set a €26.00 ($30.23) price objective on shares of Rocket Internet and gave the company a “buy” rating in a report on Monday, March 11th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. Rocket Internet has an average rating of “Hold” and an average target price of €30.43 ($35.38).
Shares of Rocket Internet stock opened at €23.02 ($26.77) on Wednesday. Rocket Internet has a one year low of €15.17 ($17.64) and a one year high of €26.14 ($30.40).
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. 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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