TKAYF - Why Just Eat Takeaway Is A Speculative Buy
2024-07-16 09:39:57 ET
Summary
- Just Eat Takeaway.com N.V. stock dropped significantly since its IPO and more so since 2020 at over $100, despite a commercial agreement with Amazon for free delivery in 2022.
- Full year 2023 results show a modest drop in gross transaction volume, but adjusted EBITDA has increased greatly, creating an opportunity for investors.
- Opportunities for growth in Northern Europe and UK/Ireland, while risks remain in Southern Europe and ANZ. Peers Brinker and DoorDash also have positive returns.
Just Eat Takeaway.com N.V. ( TKAYF ) is a long way from its initial public offering price of $60 back in April 2018. Shares of the online food order and delivery platform peaked at nearly $120 in 2020. At the height of the pandemic, stay-at-home services firms traded in a bubble. They crashed when Covid mutated to a weaker variant. As a result, stores gradually re-opened and people wound down from virtual work to returning to work....
Why Just Eat Takeaway Is A Speculative Buy