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Ocado's share price surged on Thursday to a three-month high, but analysts at Goldman Sachs don't see much upside from here on in, as the bank slashed its target price for the stock by nearly a quarter.
KR earnings call for the period ending September 30, 2023.
The shares have jumped by 324 per cent since flotation in 2010 but are down by 78 per cent since their peak of 2895p in September 2020.
The shares have jumped by 324 per cent since flotation in 2010 but are down by 78 per cent since their peak of 2895p in September 2020.
Will the business case for the supermarket’s $330 million centralised fulfilment centres stack up as online shopping shifts from e-commerce to q-commerce?