US bank says Delivery Hero shares have further to run as Uber and DoorDash circle the Berlin-based group
Key takeaways
- Uber tabled an indicative offer of €33 per share last week, valuing Delivery Hero at around €10 billion, but the approach was swiftly rebuffed.
- Uber s board met on 25 May to discuss raising its bid, with the current offer of €38 per share also having been declined by major shareholders.
- DoorDash Inc (NYSE:DASH) has separately expressed interest in Delivery Hero s Middle Eastern operations, with some shareholders indicating that the company s 80% stake in Talabat alone could be worth up to €9 billion.
US bank says Delivery Hero shares have further to run as Uber and Door Dash circle the Berlin-based group US bank says Delivery Hero shares have further to run as Uber and Door Dash circle the Berlin-based group Proactive uses images sourced from Shutterstock Proactive Tue, May 26, 2026 at 6:03 PM GMT+7 3 min read DHER.DE UBER DASH DELHY DLVHF Jefferies has raised its target price on Delivery Hero (XETRA:DHER, OTCQX:DLVHF) from €29 to €42.50, arguing that the scramble by Uber Technologies Inc (NYSE:UBER, XETRA:UT8)and DoorDash to acquire the German food delivery group is just the beginning of an endgame that should push the shares higher still.
Uber tabled an indicative offer of €33 per share last week, valuing Delivery Hero at around €10 billion, but the approach was swiftly rebuffed.
Uber s board met on 25 May to discuss raising its bid, with the current offer of €38 per share also having been declined by major shareholders.