- Grubhub stock will be moving towards $75.15 in H121 (from the current price of $74) as the merger with Justeats gets regulatory approval.
- The foodtech market in general is a “winner takes all market” with companies striving to gain >50% market share.
- Grubhub has been the biggest loser in the food-delivery space as Doordash and Ubereats have raced ahead to secure the top two spots in the foodtech space.
- Since the time of Justeat’s acquisition of Grubhub, Grubhub has lost significant marketshare in USA making it a highly overvalued investment.
For further details see:
Grubhub: Justeats Bet On The Wrong Horse