Grubhub Stock: How GRUB Gains From Coronavirus Market Trends?

Chloe PengThe article was written by Chloe Peng, Analyst at I Know First., Master of Science of Finance candidate at Brandeis University.

Summary:

  • The US online food delivery market grows fast and competition between major players becomes more intense.
  • Grubhub increased revenue by 12% in Q1 and used almost all its profit in COVID-19 recovery, hoping for a powerful future business growth. I give a bullish Grubhub stock forecast.
  • Grubhub is going to merge with Just Eat in $7.3 billion deal, forming the world’s largest online food delivery outside China.

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