Rocket Internet (RKET) PT Set at €28.00 by JPMorgan Chase & Co.

JPMorgan Chase & Co. set a €28.00 ($32.56) price objective on Rocket Internet (FRA:RKET) in a report issued on Monday morning. The brokerage currently has a neutral rating on the stock.

Several other research analysts also recently issued reports on RKET. Berenberg Bank set a €53.00 ($61.63) price target on Rocket Internet and gave the stock a buy rating in a research note on Friday, September 21st. Barclays set a €27.20 ($31.63) price target on Rocket Internet and gave the stock a neutral rating in a research note on Friday, September 21st. Finally, Oddo Bhf set a €26.00 ($30.23) price target on Rocket Internet and gave the stock a neutral rating in a research note on Thursday, September 20th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of €31.31 ($36.41).

FRA:RKET opened at €25.12 ($29.21) on Monday. Rocket Internet has a 52-week low of €15.17 ($17.64) and a 52-week 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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