JPMorgan Flags 48% Delivery Hero Surge and Lifts Taiex Targets to 50,000
JPMorgan analysts flagged a 48% surge in Delivery Hero shares after Niklas Östberg said he would resign by March 2027 and Prosus sold a 5% stake, heightening breakup odds. They also raised the Taiwan Taiex target to 47,000 (base) and 50,000 (bull), implying 20% upside from AI demand.
1. Delivery Hero Stock Surge
Delivery Hero shares jumped 48% this week, reaching their highest level since September and marking the strongest weekly performance since the company’s 2017 IPO.
2. Leadership Change and Stake Sale
Co-founder Niklas Östberg announced he will step down as CEO by March 2027, while Prosus sold a 5% stake to Aspex Management, an activist investor pushing for value-unlocking moves.
3. Breakup Speculation and Asset Disposals
Investors, buoyed by the founder’s impending exit and the new activist shareholder, are speculating on a possible group dismantlement or further asset sales, including the Korean arm that accounted for over 23% of 2025 revenue.
4. Taiwan Taiex Targets Boost on AI Momentum
JPMorgan raised its base-case Taiex target to 47,000 and bull-case to 50,000, implying 20% upside driven by global AI hardware demand and strong chip sector earnings in Taiwan.