Zomato Ltd Share Price Target – 2023, 2024, 2025, 2026 and 2030

If you’re interested in finding out the future share price targets for Zomato Ltd, you’ve come to the right place. Before we explore the stock price predictions, let’s take some time to learn about Zomato Ltd’s background, its technical basics, and other important factors. This will give us a better understanding of the company and help us make more informed decisions about its stock.

About Zomato Ltd Limited

Zomato Ltd

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.

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.

Zomato Ltd Chart Analysis - Trading view
Zomato Ltd Chart Analysis – Trading view

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.

Zomato Ltd share price target 2023

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

Zomato Ltd share price target 2024

The target share price of Zomato Ltd for the year 2024 will be ₹150

Zomato Ltd share price target 2025

The target share price of Zomato Ltd for the year 2025 will be ₹210

Zomato Ltd share price target 2026

The target price of Zomato Ltd for the year 2027 will be ₹300

Zomato Ltd share price target 2027 to 2030

The target share price of Zomato Ltd for the years 2027, 2028, 2029, and 2030 will be ₹340, ₹420, ₹550, and ₹620 respectively.

Year Zomato Ltd 1st Share Price Targets (₹) Zomato Ltd 2nd Share Price Targets (₹)

Zomato Ltd – Detailed Technical Analysis

As of December 10, 2023, Zomato’s stock price stands at Rs. 120.47, nestled within a 52-week range of Rs. 56.15 and Rs. 88.01. This presents a fascinating opportunity for investors to delve into the technical landscape of the company and understand its potential trajectories.

Bullish Prospects:

  • Initial Bullish Target: Rs. 120.17, a stone’s throw away based on the 50-day Moving Average (DMA).
  • Intermediate Bullish Target: Rs. 118.77, a level of comfort offered by the 100-day DMA.
  • Advanced Bullish Target: Rs. 118.18, a summit marked by the intersection of the 200-day DMA and the 38.2% Fibonacci retracement level.

Potential Bearish Trends:

  • Initial Bearish Target: Rs. 117.01, a descent indicated by the 200-day DMA.
  • Intermediate Bearish Target: Rs. 116.50, a point of potential concern signaled by the 200-day DMA and the 50% Fibonacci retracement level.
  • Advanced Bearish Target: Rs. 115.01, a deeper bearish scenario predicted by the 61.8% Fibonacci retracement level.

Technical Landscape:

  • Moving Averages:
    • 50-day DMA: Rs. 120.17 (Bullish)
    • 100-day DMA: Rs. 118.77 (Bullish)
    • 200-day DMA: Rs. 117.01 (Bearish)
  • Fibonacci Retracements:
    • 38.2%: Rs. 118.18 (Bullish)
    • 50%: Rs. 116.50 (Bearish)
    • 61.8%: Rs. 115.01 (Bearish)
  • Relative Strength Index (RSI): 56.9 (Neutral)

Quarterly Revenue Data

Here’s a table representing Zomato Ltd’s quarterly revenue data:

QuarterRevenue (in Rs. Crores)
Jun 2020266.00
Sep 2020426.00
Dec 2020609.40
Mar 2021692.40
Jun 2021844.40
Sep 20211,024.20
Dec 20211,112.00
Mar 20221,211.80
Jun 20221,414.00
Sep 20221,661.30
Dec 20221,948.20
Mar 20232,056.00
Jun 20232,416.00
Zomato Ltd - Key Financial Metrics


Zomato’s current price positioning suggests a potential consolidation phase after a period of upward movement. The identified support levels (50-day and 200-day DMA) could act as anchors during potential declines. While initial resistance lies at the 50-day DMA, further upward strides might encounter challenges at the 100-day DMA and the 38.2% Fibonacci retracement level. Notably, the neutral RSI suggests the absence of any significant overbought or oversold conditions, indicating a potential period of market stability.

Based on the data and technical indicators, Zomato Ltd shows potential for both bullish and bearish movements. The company has a market cap of ₹85,872 Cr and has shown a significant increase in its quarterly revenue. However, the company is still not profitable, which is a concern.

Given the numbers and the analysis, Zomato Ltd seems to be on a growth trajectory in terms of revenue. However, the company needs to focus on profitability. Investors should be cautious and keep an eye on quarterly results and other metrics.

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