Deliveroo: Credit Suisse raises target price

(CercleFinance.com) - Credit Suisse maintains its Outperform rating on Deliveroo shares, while raising its target price from 141 pence to 144 pence.


Following the group's Q4 2022 trading update, Credit Suisse noted a number of strengths, regarding Deliveroo, including gross margin which came as a clear pleasant surprise.

The analyst calls the guidance "reassuringly explicit and sensibly positioned." He concludes, "We see the group as an undervalued, consistent innovator and executor with a strong balance sheet with heightened cash returns likely".


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