Stifel Nicolaus analyst John Egbert reiterated a Buy rating on GrubHub (GRUB) today and set a price target of $105. The company’s shares closed last Monday at $60.40, close to its 52-week low of $55.61.
Egbert commented:
“We remain bullish on the company’s growth prospects despite the current competitive environment.”
According to TipRanks.com, Egbert is a 4-star analyst with an average return of 16.2% and a 44.2% success rate. Egbert covers the Technology sector, focusing on stocks such as Tencent Music Entertainment Group, Spotify Technology SA, and Yelp Inc.
GrubHub has an analyst consensus of Moderate Buy, with a price target consensus of $95.47, implying a 51.5% upside from current levels. In a report issued on September 6, Cowen & Co. also maintained a Buy rating on the stock with a $91 price target.
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The company has a one-year high of $149.35 and a one-year low of $55.61. Currently, GrubHub has an average volume of 2.49M.
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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.
