Other equities research analysts also recently issued research reports about the company. Citigroup set a €23.00 ($28.40) price target on Rocket Internet and gave the company a neutral rating in a research 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 & Co. 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 investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus price target of €32.03 ($39.54).
Shares of Rocket Internet (FRA:RKET) opened at €24.50 ($30.25) on Monday. Rocket Internet has a 12-month low of €15.17 ($18.73) and a 12-month high of €25.52 ($31.51). The stock has a market capitalization of $4,070.00 and a price-to-earnings ratio of -28.82.
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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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