If you are looking for “Zomato Ltd share price targets” for upcoming years you are in the right place. Before we dive into Zomato Ltd stock price targets, Let’s understand the Zomato Ltd company background, technical fundamentals etc.
- 1 About Zomato Ltd Limited
- 2 Fundamentals of Zomato Ltd
- 3 Zomato Ltd Price Target Details
About Zomato Ltd Limited
Zomato Ltd is a food delivery company in India, and its Indi’s most used food ordering app by its users. It got launched in 2010, Initially, they were only listing the restaurant details on its platform, later back in 2015 it started its food delivery services.
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Fundamentals of Zomato Ltd
Let’s look at the fundamentals of Zomato Ltd, based on which we can get a clear understanding of the expertise in the food delivery sector
- Current Market Cap: The current market cap of Zomato Ltd as of August 2 2022, is ₹ 43,996.75 Cr.
- P/E Ratio: The current price to earning ratio of Zomato Ltd is 0
- Sales Growth: Sales growth over the period of time for Zomato Ltd is -26.64%
- Profit Growth: Profit growth is around 63.85 % over the period of time
Zomato Ltd Price Target Details
We have done a complete analysis of Zomato Ltd and have come up with its share price targets for upcoming years.
Note: These price targets of “Zomato Ltd” are only for reference purposes. This prediction is only if there are positive market sentiments, and any uncertainties in the company or global market condition is not covered in this analysis.
After analysing the chart deeply by taking the monthly time frame analysis on the trading view chart of Zomato Ltd we found, and also the Q1 results which got announced on August 2, gave a positive rally in the BSE nad NSE exchanges, it shot up to 20% gains in just 1 day, which was highly unexpected. The current share price of Zomato is ₹54.
The target share price of Zomato Ltd for the year 2022 will be ₹70
Looking at the market trend in increase food ordering segment zomato is the major player, even though swiggy also trying to capture the market, and recent Amazon also launched its food ordering business model. However, there is heavy competition, the brand value zomato has been created no other company could produce.
The target share price of Zomato Ltd for the year 2023 will be ₹110
The target share price of Zomato Ltd for the year 2024 will be ₹150
The target share price of Zomato Ltd for the year 2025 will be ₹210
The target price of Zomato Ltd for the year 2027 will be ₹300
The target share price of Zomato Ltd for the years 2027, 2028, 2029, and 2030 will be ₹340, ₹420, ₹550, and ₹620 respectively.
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