Ocado Shares Are Still Down 81% but One Major Broker Says They're Heading to 460p!

Ocado Rally Tipped to Extend as JPMorgan Sets Street-High Target

A recent rebound in shares of online grocer Ocado Group Plc may be just the start of a “sustained re-rating,” according to JPMorgan Chase & Co. analysts.

Ocado Shares Climb After Bank Raises Price Target On Improving Growth Prospects

Shares in Ocado have risen sharply this week after JPMorgan increased its price target for the online grocery technology group by almost 60%, citing improving operational performance and growing confidence in its long-term growth prospects. The investment bank raised its (more…) The post Ocado Shares Climb After Bank Raises Price Target On Improving Growth Prospects appeared first on KamCity.

Ocado shares are still down 81% but one major broker says they're heading to 460p!

Mark Hartley investigates why JP Morgan recently ramped up its target for Ocado shares despite a five-year-long drawdown. What’s changed?