Goldman Sachs analyst Heath Terry raised his price target for GrubHub to $54 from $42 while maintaining a Neutral rating on the shares. With the stock up 62% since the company reported Q3 results and announced its new competitive positioning, the potential for consolidation is, "at least to a degree," likely reflected in the current share price, Terry tells investors in a research note. Competition within online food delivery has increased significantly in recent years, and consolidation could follow in the U.S. as companies look to better leverage the economies of scale natural to the business, adds the analyst.