Argus analyst John Staszak raised his price target on GrubHub to $170 and kept his Buy rating, also raising his FY18 EPS view to $2.10 from $1.95 and FY19 view to $2.60 from $2.50. The analyst cites the company's efforts to rapidly expand its network of 45K participating restaurants and increase the number of diners using its service. Staszak also notes the company's attractive valuation relative to its growth profile, with projected FY18 price/earnings to growth ratio of 2.7-times in line with its peers in spite of its 25% growth rate relative to the 22% peer group growth average.