Tag: zomato

Zomato Stock Price: Despite positive target price revisions from brokerages such as CLSA, Jefferies, Bernstein, and Elara, shares of foodtech platform Zomato experienced a decline of up to 6% to Rs 182.10 on Tuesday. CLSA raised the target price to Rs 248, Bernstein to Rs 230, Jefferies to Rs 230, and Elara Capital set the highest target at Rs 280 per share, all in response to the impressive Q4 results.

Emkay Global raises Zomato\’s target price from Rs 170 to Rs 230 per share, projecting an 18% upside potential, factoring in Blinkit\’s growth. With increased EPS and EBIT estimates, Blinkit\’s improved product-market fit drives valuation changes, indicating market expansion in metros and large cities.

Goldman Sachs raised Zomato\’s target price to Rs 240, hinting at a 30% upside. Blinkit\’s projected 53% CAGR in Gross Order Value by 2027 is expected to drive a 32% revenue CAGR for Zomato, leading its sector. Despite a 50% surge year-to-date, Zomato stock shows stable technical indicators.

Goldman Sachs raised Zomato\’s target price to Rs 240, hinting at a 30% upside. Blinkit\’s projected 53% CAGR in Gross Order Value by 2027 is expected to drive a 32% revenue CAGR for Zomato, leading its sector. Despite a 50% surge year-to-date, Zomato stock shows stable technical indicators.

Goldman Sachs raised Zomato\’s target price to Rs 240, hinting at a 30% upside. Blinkit\’s projected 53% CAGR in Gross Order Value by 2027 is expected to drive a 32% revenue CAGR for Zomato, leading its sector. Despite a 50% surge year-to-date, Zomato stock shows stable technical indicators.

Goldman Sachs raised Zomato\’s target price to Rs 240, hinting at a 30% upside. Blinkit\’s projected 53% CAGR in Gross Order Value by 2027 is expected to drive a 32% revenue CAGR for Zomato, leading its sector. Despite a 50% surge year-to-date, Zomato stock shows stable technical indicators.

Zomato\’s shares rose 5% to Rs 197.80 after raising its platform fee by 25% to Rs 5 per order. With 2.0-2.2 million daily orders, this increase could significantly boost earnings.

So, even a small amount of slippage in expectations can lead to a sell-off. So, I would think that the stock is more than fairly valued at this price. I would believe that the valuations are on the higher side at 196 levels.

Sensex anticipates 1 lakh in 5 years, projected at 1.5 lakh by 2029. Market surge backed by diverse investors. Various stock upgrades and predictions indicate promising growth potential in the market.