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

Shares of Rocket Internet SE (FRA:RKET) have earned a consensus recommendation of “Hold” from the eight analysts that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating on the company. The average twelve-month target price among brokers that have covered the stock in the last year is €30.43 ($35.38).

Several research firms have commented on RKET. Kepler Capital Markets set a €26.00 ($30.23) price target on shares of Rocket Internet and gave the stock a “buy” rating in a research note on Friday, April 5th. Deutsche Bank set a €30.00 ($34.88) target price on shares of Rocket Internet and gave the stock a “buy” rating in a report on Wednesday. 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, Bank of America set a €21.00 ($24.42) price target on shares of Rocket Internet and gave the company a “sell” rating in a report on Monday, January 7th.

Shares of RKET stock traded down €0.16 ($0.19) during trading hours on Thursday, hitting €23.00 ($26.74). 241,832 shares of the company’s stock were exchanged. Rocket Internet has a 12-month low of €15.17 ($17.64) and a 12-month 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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Analyst Recommendations for Rocket Internet (FRA:RKET)

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