JPM optimistic on Ocado's additional customer wins
12/08/2026 09:57
BUZZ-JPM optimistic on Ocado's additional customer wins ** Analysts at JPMorgan says execution at British technology and online grocery group Ocado OCDO.L is improving even as share price volatility remains
** Brokerage says new CFC contract with an unnamed European retailer underlines long-term value of OCDA; raises target price to 290p from 245p
** Adds additional customer wins are achievable after positive CEO commentary on recent investor call
** "we argue that current share price levels undervalue the company’s current (and already signed) portfolio of modules," says JPM as it reiterates overweight rating
** Shares of OCDO up as much as 2.9% at 238p
** YTD stock down ~4%
(Reporting by Jahanvi Kothari in Bengaluru)