Citigroup Analysts Give Rocket Internet (RKET) a €23.00 Price Target
Rocket Internet (FRA:RKET) has been given a €23.00 ($27.38) target price by Citigroup in a research note issued on Tuesday. The brokerage presently has a “neutral” rating on the stock. Citigroup’s price objective would suggest a potential upside of 11.84% from the company’s current price.
Several other analysts have also issued reports on the stock. Barclays set a €25.15 ($29.94) target price on shares of Rocket Internet and gave the company a “neutral” rating in a research report on Thursday, November 30th. Warburg Research set a €37.00 ($44.05) target price on shares of Rocket Internet and gave the company a “buy” rating in a research report on Wednesday, November 29th. Finally, Berenberg Bank set a €53.00 ($63.10) price target on shares of Rocket Internet and gave the stock a “buy” rating in a research report on Wednesday, August 16th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of €34.54 ($41.12).
Shares of Rocket Internet (FRA RKET) opened at €20.57 ($24.48) on Tuesday. Rocket Internet has a 52-week low of €15.17 ($18.06) and a 52-week high of €23.32 ($27.76).
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 in the Fintech sector. The firm seeks to make investments in Internet companies with a focus on online and mobile retail services.
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