Goldman Sachs analyst Lisa Yang resumed coverage of Delivery Hero (DLVHF) with a Buy rating and EUR 39 price target t Competitive pressures have had a significant impact in South Korea and Hong Kong, and headline risks over the expansion of Keeta in MENA could continue to drive short-term volatility in the shares, but these are more than reflected in the stock’s valuation multiples, the analyst tells investors in a research note. Goldman sees an attractive risk/reward from here, with the balance sheet no longer a concern, and Delivery Hero continuing to demonstrate strong momentum across all its segments outside of Asia, the firm added.

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Buy Rating for Delivery Hero SE: Positive Financial Outlook Boosted by $250 Million Termination Fee from Uber Uber ends acquisition agreement of Delivery Hero’s Taiwan foodpanda business Strong Market Position and Financial Performance Justify Buy Rating for Delivery Hero SE Delivery Hero SE Faces Competitive Pressure and Financial Challenges in MENA Region Amid Keeta’s Aggressive Market Entry Delivery Hero downgraded to Sell from Neutral at Citi

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