NEW YORK (TheStreet) -- Shares of GrubHub (GRUB) - Get Report were gaining 3.2% to $37 in pre-market trading Wednesday after Barrington upgraded the online food ordering company to "outperform" from "market perform."
The analyst firm set a price target of $43 for the company, according to Benzinga. Analyst Jeffrey Houston noted that the company processes about 200,000 food orders a day from its 4.6 million active users ordering from the 300,000 restaurants that use the service.
GrubHub covers about 75% of the U.S. population, according to Houston. The analyst wrote that the company could potentially become an acquisition target for companies such as Amazon.com (AMZN) - Get Report , Google (GOOGL) - Get Report , Priceline (PCLN) , TripAdvisor (TRIP) - Get Report , and Uber.
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