Rocket Internet (RKET) PT Set at €29.40 by Barclays
A number of other brokerages also recently weighed in on RKET. Berenberg Bank set a €53.00 ($61.63) target price on Rocket Internet and gave the company a buy rating in a report on Thursday, November 29th. JPMorgan Chase & Co. set a €33.00 ($38.37) price objective on Rocket Internet and gave the company a buy rating in a report on Friday, September 7th. Deutsche Bank set a €32.00 ($37.21) price objective on Rocket Internet and gave the company a buy rating in a report on Monday, November 26th. Finally, Oddo Bhf set a €26.00 ($30.23) price objective on Rocket Internet and gave the company a neutral rating in a report on Thursday, September 20th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of €31.06 ($36.11).
Shares of RKET stock opened at €21.86 ($25.42) on Monday. 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 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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