Analysts Set Rocket Internet SE (RKET) Price Target at $30.43

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Shares of Rocket Internet SE (FRA:RKET) have received a consensus recommendation of “Hold” from the eight research firms that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is €27.13 ($31.54).

A number of research analysts have commented on the stock. Berenberg Bank set a €30.00 ($34.88) price objective on shares of Rocket Internet and gave the company a “buy” rating in a research note on Thursday. Barclays set a €26.00 ($30.23) price objective on shares of Rocket Internet and gave the company a “neutral” rating in a research note on Tuesday. Deutsche Bank set a €30.00 ($34.88) price objective on shares of Rocket Internet and gave the company a “buy” rating in a research note on Wednesday, April 17th. 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 research note on Friday, April 5th. Finally, JPMorgan Chase & Co. set a €28.00 ($32.56) price objective on shares of Rocket Internet and gave the company a “neutral” rating in a research note on Tuesday, February 26th.

RKET traded down €0.18 ($0.21) during trading hours on Monday, reaching €23.32 ($27.12). 240,343 shares of the stock traded hands. Rocket Internet has a fifty-two week low of €15.17 ($17.64) and a fifty-two week high of €26.14 ($30.40).

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. 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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Analyst Recommendations for Rocket Internet (FRA:RKET)

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