- (PLX AI) - HelloFresh stands out against a difficult backdrop in e-commerce and food delivery, analysts at Bank of America said, reiterating a buy recommendation after the company beat estimates and raised outlook.
- • Shares up 10% in early trading
- • HelloFresh last night announced Q3 revenue of EUR 1,416 million, beating consensus estimate EUR 1,312 million
- • Outlook FY revenue growth raised to 57-62%, up from previously 45-55%
- • Guidance looks once again well within reach and implies user growth quarter-on-quarter, BofA said, keeping a price target of EUR 105 on the stock
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