Shares of this Dutch food delivery marketplace are set to more than double over the next 12 months, according to analysts from Jefferies.
Shares of Dutch food delivery marketplace Just Eat Takeaway.com could more than double over the next 12 months, according to Jefferies analysts. In a June 26 research report, the U.S. investment bank set a target price of 25.5 euros on the stock — giving it potential upside of 125.9% from its closing price of 11.29 euros on July 4. Jefferies remains bullish on Just Eat, even as the company's U.S.
mountain Year-to-date share movement in Just Eat Takeaway The spotlight fell on food delivery platforms like Just Eat during the height of the Covid-19 pandemic, when countries around the world imposed social distancing restrictions that stifled dining at restaurant venues. The easing of those restrictions, coupled with mounting food inflation, has pushed some players to exit markets they do not dominate. Just Eat has felt the pinch, with its total orders dropping to 214.
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