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Goldman Sachs initiates Deliveroo with a ‘buy’ rating, sees 70% upside

Cover picture for the – Analysts at Goldman Sachs (NYSE:GS) have initiated UK-based food delivery company Deliveroo (LON:ROO) with a ‘buy’ rating in a recent research note. The US investment bank has a 12-month price target of 420 pence, implying 70% upside. “We forecast 5-year GTV (gross transaction value) and gross profit CAGRs...