Rocket Internet SE (FRA:RKET) has received a consensus recommendation of “Hold” from the eight research firms that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is €30.43 ($35.38).
A number of research analysts have commented on the stock. 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. 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. 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. Finally, Bank of America set a €21.00 ($24.42) price objective on shares of Rocket Internet and gave the company a “sell” rating in a research note on Monday, January 7th.
FRA RKET opened at €23.00 ($26.74) on Thursday. Rocket Internet has a one year low of €15.17 ($17.64) and a one year high of €26.14 ($30.40).
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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