Analysts note 'Requests' and raise stock target
Jeffries and EFG Hermes have raised their target price for Talabat Holding, a company specializing in online food delivery traded on the Dubai Financial Market, while maintaining differing recommendations. Jeffries now recommends buying the stock with a target of 1.55 dirhams, up from 1.30 dirhams previously. Meanwhile, EFG Hermes has set its target at 1.12 dirhams and recommends a hold. These adjustments reflect an optimistic outlook on the stock's value, driven by developments related to Uber's acquisition of Delivery Hero, the company's largest shareholder, which opens up new prospects for growth and expansion.
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