Here's Why Waitr Holdings Stock Surged Today
Shares of delivery company Waitr Holdings (NASDAQ: WTRH) rose on Monday, thanks to a bullish shout-out from a Wall Street analyst. The stock had fallen over 50% from 52-week highs but it's gaining some of that back today. As of 11:20 a.m. EST, Waitr shares were up almost 9%.
In the delivery market, much attention is given to companies like DoorDash and Grubhub. For that reason, Deutsche Bank analyst Kunal Madhukar believes Waitr is underappreciated and undervalued. According to The Fly, he raised his price target on Waitr stock to $4 per share, representing about 25% upside from where the stock opened this morning.
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Source Fool.com
