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Deliveroo CEO Will Shu to Step Down Amid DoorDash Acquisition

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Deliveroo CEO Will Shu to Step Down Amid DoorDash Acquisition

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The latest update is out from Deliveroo plc Class A ( (GB:ROO) ).

Deliveroo plc announced that its founder and CEO, Will Shu, will step down once the acquisition by DoorDash, Inc. is finalized. This marks a significant transition for Deliveroo as it becomes part of the larger DoorDash Group, with anticipated new opportunities. Additionally, all non-executive directors have agreed to resign upon the scheme’s effectiveness, expected by early October 2025.

The most recent analyst rating on (GB:ROO) stock is a Hold with a £191.00 price target. To see the full list of analyst forecasts on Deliveroo plc Class A stock, see the GB:ROO Stock Forecast page.

Spark’s Take on GB:ROO Stock

According to Spark, TipRanks’ AI Analyst, GB:ROO is a Neutral.

Deliveroo’s stock score is primarily driven by its improving financial performance and positive technical indicators. However, the negative P/E ratio and lack of dividend yield present significant valuation concerns. The absence of earnings call data and corporate events means these factors do not influence the score.

To see Spark’s full report on GB:ROO stock, click here.

More about Deliveroo plc Class A

Deliveroo plc operates in the food delivery industry, providing a platform that connects consumers with local restaurants and food merchants. The company focuses on transforming the way people shop and eat, offering a new form of work for riders and helping restaurants grow their businesses globally.

Average Trading Volume: 15,239,296

Technical Sentiment Signal: Buy

Current Market Cap: £2.64B

Find detailed analytics on ROO stock on TipRanks’ Stock Analysis page.

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