Latest news for Delivery Hero (OTC:DLVHF) Stock

Delivery Hero is an online food delivery provider and active delivery service headquartered in Germany. It operates in over 70 countries across five continents. Commission rate per order, the company's largest source of revenue, varies across the countries in its four geographic segments--the Americas, Asia, Europe, and the Middle East and North Africa--as well as the type of restaurant and the provided service.

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The companies, which experienced exponential growth during the pandemic, are now contending with a more challenging macroeconomic environment that has adversely impacted consumers.

Top Food Delivery Giants Like DoorDash, Deliveroo Report Over $20B In Losses Since Going Public Amid Challenging Economic Climate

DELIVERY HERO AG NA by Delivery Hero AG NA

Delivery Hero SE

Citigroup analyst Christopher Allen maintains Charles Schwab (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>) with a Neutral and raises the price target from $80 to $85.

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Citigroup Maintains Neutral on Charles Schwab, Raises Price Target to $85

The Offering is expected to close on or about January 23, 2025, subject to the satisfaction of customary closing conditions.&nbsp;

MCTR

CTRL Group Prices $8M Initial Public Offering Of 2M Common Shares At $4/Share

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Rail Vision shares are trading higher after the company announced a binding MoU with Sujan Ventures to introduce its safety systems to the Indian railway market.

FCEL

FuelCell Energy shares are trading higher after the company announced plans to build a 7.4 MW fuel cell power plant in Hartford, Connecticut, expected to add over $160 million to its generation backlog.

HC Wainwright &amp; Co. analyst Robert Burns maintains ArriVent BioPharma (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVBP#NASDAQ">AVBP</a>) with a Buy and raises the price target from $36 to $39.

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HC Wainwright & Co. Maintains Buy on ArriVent BioPharma, Raises Price Target to $39

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Ally Financial shares are trading higher after the company reported better-than-expected Q4 financial results and announced it will divest its credit card unit to CardWorks.

Deutsche Bank analyst Steve Powers maintains Estee Lauder Cos (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EL#NYSE">EL</a>) with a Hold and lowers the price target from $80 to $78.

Deutsche Bank Maintains Hold on Estee Lauder Cos, Lowers Price Target to $78

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IES Announced That It Has Amended And Restated Its Existing Credit And Security Agreement, Increasing The Commitment Amount Of The Revolving Credit Facility To $300M From $150M And Extending The Maturity Date To January 21, 2030 While Expanding The Size Of The Lending Group

Deutsche Bank analyst Steve Powers maintains PepsiCo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>) with a Buy and lowers the price target from $184 to $178.

Deutsche Bank Maintains Buy on PepsiCo, Lowers Price Target to $178

Macquarie analyst Tim Nollen maintains Netflix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) with a Outperform and raises the price target from $965 to $1150.

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Macquarie Maintains Outperform on Netflix, Raises Price Target to $1150

Deutsche Bank analyst Stephen Powers maintains Mondelez International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDLZ#NASDAQ">MDLZ</a>) with a Hold and lowers the price target from $67 to $62.

MDLZ

Deutsche Bank Maintains Hold on Mondelez International, Lowers Price Target to $62

Rail Vision Announced The Signing Of A Binding Memorandum Of Understanding With Sujan Ventures, A Division Of The Esteemed Sujan Group To The Indian Rail Industry

Northland Capital Markets analyst Michael Latimore maintains Gorilla Tech Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRRR#NASDAQ">GRRR</a>) with a Outperform and raises the price target from $13 to $18.

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Northland Capital Markets Maintains Outperform on Gorilla Tech Gr, Raises Price Target to $18

Barclays analyst Jason Goldberg maintains Zions Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZION#NASDAQ">ZION</a>) with a Underweight and raises the price target from $59 to $61.

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Barclays Maintains Underweight on Zions Bancorp, Raises Price Target to $61

Northland Capital Markets analyst Gus Richard reiterates Seagate Tech Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STX#NASDAQ">STX</a>) with a Outperform and raises the price target from $144 to $160.

Reiteration

Northland Capital Markets Reiterates Outperform on Seagate Tech Hldgs, Raises Price Target to $160

REKR

Rekor Systems' AI-Powered Scout Platform Secures Role In $13M New Jersey Public Safety Upgrade

AGYS

Agilysys shares are trading lower after the company reported worse-than-expected Q3 sales results and issued FY25 revenue guidance below estimates.

HC Wainwright &amp; Co. analyst Robert Burns maintains Replimune Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REPL#NASDAQ">REPL</a>) with a Buy and raises the price target from $17 to $21.

REPL

HC Wainwright & Co. Maintains Buy on Replimune Group, Raises Price Target to $21

Barclays analyst Nicholas Campanella maintains Xcel Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XEL#NASDAQ">XEL</a>) with a Overweight and lowers the price target from $71 to $69.

Barclays Maintains Overweight on Xcel Energy, Lowers Price Target to $69

Barclays analyst Benjamin Budish maintains Charles Schwab (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>) with a Overweight and raises the price target from $95 to $96.

Barclays Maintains Overweight on Charles Schwab, Raises Price Target to $96

Delivery Hero

Leading publicly listed online food delivery companies in the U.S. and Europe have collectively accumulated over $20 billion in operating losses. The firms are facing a challenging economic environment, and their stock prices have been affected.



What Happened: Despite fierce competition for market share, the top four standalone, publicly listed food delivery companies in the U.S. and Europe, including Deliveroo (OTC:<a class="ticker" href="https://www.benzinga.com/stock/DROOF#OTC">DROOF</a>), Just Eat Takeaway (OTC:<a class="ticker" href="https://www.benzinga.com/stock/JTKWY#OTC">JTKWY</a>), Delivery Hero (OTC:<a class="ticker" href="https://www.benzinga.com/stock/DLVHF#OTC">DLVHF</a>), and DoorDash (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DASH#NASDAQ">DASH</a>), have been trading below their pandemic-induced peaks, <a href="https://www.ft.com/content/675f5c8b-6029-4393-8eba-d6f00327e090">reported</a> the Financial Times on Wednesday.



As per calculations from the Financial Times and industry analyst theDelivery.World, these companies have incurred a combined $20.3 billion in annual operating losses over the seven years since Deliveroo, Delivery Hero, and DoorDash went public, and after Just Eat Takeaway was formed following a merger in 2020. This includes substantial writedowns related to acquisitions and stock-based compensation.



The companies, which experienced exponential growth during the pandemic, are now contending with a more challenging macroeconomic environment that has adversely impacted consumers. The focus has shifted from adjusted earnings before interest, tax, depreciation, and amortization to operating losses as a more standardized view across all companies.



Amid a decline in sales growth rates, these companies are exploring new revenue streams such as grocery delivery and higher-margin advertising businesses to accelerate growth. The industry is also experiencing consolidation, with some players exiting certain markets and others doubling down in areas they believe they can dominate.



See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/39053180/shiba-inu-dogwifhat-post-double-digit-gains-as-memecoins-shrug-off-dips-in-bitcoin-ethereu?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Shiba Inu, Dogwifhat Post Double-Digit Gains As Memecoins Shrug Off Dips In Bitcoin, Ethereum: What&#8217;s Goi</a>



Why It Matters: The food delivery industry has experienced significant developments in recent times. In April, a bullish analyst predicted strong <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38094014/doordash-has-strong-monetization-potential-in-new-verticals-says-bullish-analyst">monetization potential for DoorDash</a> in new verticals. This projection followed a series of strategic moves by the company, including the introduction of new services and expansion into other markets.



Meanwhile, <a href="https://www.benzinga.com/markets/equities/24/05/38809280/uber-spices-up-taiwans-food-delivery-scene-with-950m-foodpanda-deal-whats-on-the-menu">Uber announced the purchase of </a>newly issued ordinary shares of Delivery Hero ad to acquire FoodPanda, a prominent player in Taiwan&#8217;s food delivery industry. This move was expected to bolster Uber&#8217;s presence in the region and intensify competition in the global food delivery market.



However, the struggles of these companies also shed light on the broader challenges in the food delivery sector. For example, <a href="https://www.benzinga.com/21/05/21112857/life-after-londons-worst-ever-ipo-what-deliveroos-bungled-initial-public-offering-means-for-the-inve">Deliveroo&#8217;s disastrous IPO in London</a> in 2021 had a significant impact on investor sentiment in the industry. The company&#8217;s stock plummeted, raising questions about the long-term viability of the food delivery business model.



Similarly, in 2023, <a href="https://www.benzinga.com/23/09/34994651/delivery-giants-uber-doordash-and-grubhub-fail-to-halt-nycs-minimum-wage-increase-report">major delivery companies failed</a> to prevent a minimum wage increase in New York City. This development highlighted the ongoing regulatory challenges facing the industry and the potential impact on the companies&#8217; bottom lines.



Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/39032058/shiba-inu-investor-turns-2-625-investment-in-dogecoin-killer-to-1-1m-afer-3-5-years-of-ina?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Shiba Inu Investor Turns $2,625 Investment In &#8216;Dogecoin Killer&#8217; To $1.1M Afer 3.5 Years Of Inactivity</a>



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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Pooja-Rajkumari" target="_blank" rel="noreferrer noopener">Pooja Rajkumari</a>

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Benzinga's Top Ratings Upgrades, Downgrades For July 8, 2021

Bernstein initiates coverage on Delivery Hero (OTC:<a class="ticker" href="https://www.benzinga.com/stock/DLVHF#OTC">DLVHF</a>) with a Outperform rating.

Bernstein Initiates Coverage On Delivery Hero with Outperform Rating

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