Rocket Internet (RKET) Given a €53.00 Price Target by Berenberg Bank Analysts

Berenberg Bank set a €53.00 ($65.43) price objective on Rocket Internet (FRA:RKET) in a report issued on Monday morning. The brokerage currently has a buy rating on the stock.

Several other equities analysts have also recently issued reports on the company. Warburg Research set a €30.00 ($37.04) price objective on Rocket Internet and gave the stock a buy rating in a research note on Wednesday, January 10th. Citigroup set a €23.00 ($28.40) price objective on Rocket Internet and gave the stock a neutral rating in a research note on Tuesday, December 12th. Finally, Barclays set a €25.15 ($31.05) price objective on Rocket Internet and gave the stock a neutral rating in a research note on Thursday, November 30th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of €32.79 ($40.48).

Shares of Rocket Internet (RKET) opened at €22.66 ($27.98) on Monday. Rocket Internet has a 1 year low of €15.17 ($18.73) and a 1 year high of €25.08 ($30.96). The firm has a market cap of $3,800.00 and a P/E ratio of -26.66.

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Rocket Internet Company Profile

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.

Analyst Recommendations for Rocket Internet (FRA:RKET)

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