Oppenheimer Reaffirms Their Buy Rating on GrubHub (GRUB)


In a report released today, Jason Helfstein from Oppenheimer maintained a Buy rating on GrubHub (GRUB). The company’s shares closed yesterday at $80.81.

According to TipRanks.com, Helfstein is a 5-star analyst with an average return of 13.5% and a 56.0% success rate. Helfstein covers the Technology sector, focusing on stocks such as Endurance International, ANGI Homeservices Inc, and Spotify Technology SA.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for GrubHub with a $125.61 average price target, which is a 55.4% upside from current levels. In a report released yesterday, Guggenheim also reiterated a Buy rating on the stock with a $165 price target.

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Based on GrubHub’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $22.75 million. In comparison, last year the company had a net profit of $12.99 million.

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GrubHub, Inc. operates as an online and mobile food-ordering company, which connects diners with local takeout restaurants. Its online and mobile ordering platforms allow diners and corporate businesses to order directly from takeout restaurants in the United States and London. The company’s brands include GrubHub, Seamless, MenuPages, and Allmenus.

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