Grubhub Stock: How GRUB Gains From Coronavirus Market Trends?
The 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.