FRANKFURT (dpa-AFX Broker) - The day after the quarterly report and a stock market rally fueled by interest rate hopes, Delivery Hero shares continued their recovery on Wednesday. The same applies to Zalando shares, which rose by 3.8 percent in the Dax, while Delivery Hero gained another 8.4 percent in the MDax. Within two days, the latter have now gained a fifth in value.

A surprisingly positive development in gross merchandise value had triggered the rally at Delivery Hero the previous day. It was additionally fueled by an increased risk appetite among investors, as the latest inflation data from the US underpinned the assumption that the Fed had reached the peak of its key interest rate. On Wednesday, analysts expressed further encouragement for the food delivery service, which is on Goldman Sachs' list of particularly convincing investment ideas.

Following the third quarter report, Goldman analyst Lisa Yang praised the continued upward trend in gross merchandise value (GMV). She and her colleague Markus Diebel from JPMorgan raised their price targets on Wednesday to a level that signals further potential at EUR 54.30 and EUR 52 respectively. The experts at British bank HSBC, Hauck & Aufhäuser and Bernstein remain even more optimistic, with targets of at least 60 euros./tih/mis

-----------------------

dpa-AFX Broker - the Trader News from dpa-AFX

-----------------------