Credit Suisse Reaffirms Their Buy Rating on GrubHub (GRUB)

By Ryan Adsit

Credit Suisse analyst Stephen Ju maintained a Buy rating on GrubHub (GRUBResearch Report) today and set a price target of $100.00. The company’s shares closed last Monday at $60.06.

According to TipRanks.com, Ju is a top 100 analyst with an average return of 17.0% and a 67.0% success rate. Ju covers the Technology sector, focusing on stocks such as Activision Blizzard, Boingo Wireless Inc, and IAC/InterActiveCorp.

Currently, the analyst consensus on GrubHub is a Moderate Buy with an average price target of $86.43, a 53.5% upside from current levels. In a report issued on October 22, D.A. Davidson also maintained a Buy rating on the stock with a $100.00 price target.

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Based on GrubHub’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $1.25 million. In comparison, last year the company had a net profit of $22.75 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.