Zomato is a leading online food delivery platform in India. The company was founded in 2008 by Deepinder Goyal and Pankaj Chaddha. Zomato is headquartered in Gurugram, India, and has operations in over 100 cities in India and 24 countries worldwide.
Zomato Share Price Target
| Year | Share Price Target (INR) |
|---|---|
| 2023 | 100-110 |
| 2024 | 110-120 |
| 2025 | 120-130 |
| 2026 | 130-140 |
| 2027 | 140-150 |
| 2028 | 150-160 |
| 2029 | 160-170 |
| 2030 | 170-180 |
Zomato Share Price Target 2023:
Zomato’s share price target for 2023 is 100-110 INR. This is based on the company’s strong revenue growth and its focus on profitability.
Zomato Share Price Target 2024:
Zomato’s share price target for 2024 is 110-120 INR. This is based on the company’s continued revenue growth and its expansion into new markets.
Zomato Share Price Target 2025:
Zomato’s share price target for 2025 is 120-130 INR. This is based on the company’s leadership in the Indian online food delivery market and its continued expansion into new business segments.
Zomato Share Price Target 2026 and beyond:
Zomato’s share price target for 2026 and beyond is 130-180 INR. This is based on the company’s long-term growth potential and its focus on becoming a one-stop shop for all food delivery and related needs.
Future Of Zomato
Growing demand for online food delivery:
The demand for online food delivery is growing rapidly in India, driven by the increasing use of smartphones and the internet. Zomato is well-positioned to benefit from this growth, given its strong brand recognition and wide range of services.
Focus on profitability:
Zomato is focused on becoming profitable in the near future. The company is taking a number of measures to improve its profitability, such as increasing its commission rates and reducing its marketing expenses.
Expansion into new markets:
Zomato is expanding into new markets, such as international markets and new business segments such as quick commerce. This will help the company to grow its revenue and profits in the coming years.
Innovation:
Zomato is constantly innovating and adding new features to its platform. This helps the company to stay ahead of the competition and attract new customers.
Strong financial performance:
Zomato is reporting strong financial performance. The company’s revenue and profits have been growing consistently in recent years.
Risks Of Zomato
Competition:
Zomato faces stiff competition from other online food delivery companies, such as Swiggy and Uber Eats. These companies are all well-funded and have a strong presence in the Indian market. Zomato needs to maintain its competitive edge by offering innovative products and services at competitive prices.
Regulatory risks:
Zomato is subject to government regulations. Any changes in government regulations could impact the company’s business. For example, the government could impose new licensing requirements or restrictions on online food delivery companies.
Profitability concerns:
Zomato is not yet profitable. The company needs to find a way to become profitable in order to sustain its growth. Zomato is currently focused on expanding its user base and growing its revenue. However, the company needs to start generating profits in order to be sustainable in the long term.
