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Investing.com - JPMorgan upgraded InPost SA (AS:INPST) stock rating from Neutral to Overweight on Thursday, while adjusting its price target to EUR16.00 from EUR18.70.
The upgrade comes as JPMorgan assesses InPost’s strategy to accelerate deployment of its parcel-locker delivery model across Europe, which is increasingly diversifying the company’s exposure beyond its Polish home market.
JPMorgan cited InPost’s unit cost advantage as underpinning its leading returns, though it expects some price concessions in Poland to restore relations with Allegro (WA:ALEP) and derisk its leading asset utilization.
The investment bank forecasts attractive growth for InPost, projecting a 16% compound annual growth rate in earnings before interest and taxes from 2025 to 2028, despite modest growth in the broader e-commerce parcel market, as the company gains market share from higher-cost incumbents across Europe.
JPMorgan views the current share price as an attractive entry point, noting InPost trades at just 15 times its estimated 2026 enterprise value to EBIT ratio, compared to 15% one-year-forward EBIT growth and a 14% return on invested capital.
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