Delivery Hero Stock: Analysts See Enormous Price Potential

Last Updated: 5. Dezember 2023By

The Delivery Hero-Aktie has shown weak performance in the course of the year and is more than 30 percent lower than the price level from the beginning of January. Most recently, the share was able to gain again after the good quarterly figures and is currently fighting with the 30 Euro mark (as of 05 December, approx. 12 p.m.).

Both the gross merchandise value (GMV) and the profit of Delivery Hero had a strong Q3. This is reflected in the analyses – almost all experts are currently optimistic about the meal delivery company’s paper and see a lot of potential for the price.

Delivery Hero with decent Q3 At constant exchange rates, Delivery Hero has increased the gross merchandise value (GMV) in the 3rd quarter by almost 9 percent compared to the same period of the previous year to around 11.69 billion euros. For the whole year, this should increase at the upper end of the range of 5 to 7 percent compared to 2022.

The cost-cutting measures are also making themselves felt – in recent months the company has significantly increased its profitability. For the current year, 2023, the MDAX company now expects the adjusted EBITDA to be around 850 million euros higher than in the previous year.

Delivery Hero-Aktie: Corona prices possible again? With the strong Q3 behind and the prospect of separation from the Southeast Asia business, Delivery Hero is heading into the year-end sprint significantly more optimistic. And the share has a lot of catching up to do after the last almost 2 years. Prices like the Corona highs in 2021 of over 100 euros are still far away and not particularly realistic at the moment.

Nevertheless, there is still decent potential here if Delivery Hero can maintain the growth trajectory and above all increase profitability. Most analysts also currently see buying prices for Delivery Hero.

Some examples from recent weeks: Deutsche Bank is with a neutral vote and „only“ 20 percent potential to the target price of 36 euros already the outliers to the downside. For example, UBS (target price 45 euros – 50 percent potential), Goldman Sachs (target price 54.30 euros – 80 percent potential) or Jefferies (target price 68 euros – 125 percent potential) are much more optimistic.