Zomato stock gained 4.61% today, trading at ₹255.15, following a series of positive updates from leading brokerages and optimism surrounding its growth trajectory. Here’s a detailed analysis:
Brokerage Ratings:
- CLSA: Maintains an outperform rating with a target price of ₹400 per share, citing long-term growth potential.
- Morgan Stanley: Retains its overweight rating, targeting ₹340 per share and emphasizing profitability amidst scaling operations.
- Bernstein: Sets an outperform rating with a target of ₹315 per share, highlighting strategic focus and robust performance.
- JP Morgan: Reiterates its overweight stance with a target price of ₹340, positioning Zomato as an attractive investment.
Zomato Share Price history
| Day | Open | Close | Change % |
|---|---|---|---|
|
Wed, Jan 15 2025
|
₹235.00
|
₹243.90
|
|
|
Tue, Jan 14 2025
|
₹233.95
|
₹233.60
|
|
|
Mon, Jan 13 2025
|
₹240.00
|
₹227.15
|
-6.50%
|
|
Fri, Jan 10 2025
|
₹244.90
|
₹242.95
|
-0.98%
|
|
Thu, Jan 9 2025
|
₹251.60
|
₹245.35
|
-1.88%
|
|
Wed, Jan 8 2025
|
₹251.70
|
₹250.05
|
-0.95%
|
|
Tue, Jan 7 2025
|
₹256.95
|
₹252.45
|
-4.68%
|
|
Mon, Jan 6 2025
|
₹274.50
|
₹264.85
|
-2.93%
|
Q-Commerce Expansion:
- Blinkit and Zepto Milestones: Surpassed FY25 dark store targets, operating 1,000 and 700 stores, respectively, as of Q3CY24.
- Zomato’s Contribution: Despite rapid expansion in quick-commerce, Zomato’s contribution margins and EBITDA remain resilient.
- Geographic Growth: Blinkit expands to 90+ cities, with a significant focus on top-tier cities while tapping underpenetrated markets.
Brokerages’ confidence in Zomato’s operational efficiency and strategic positioning reinforces its standing as a leader in the food delivery space. With continued expansion in quick commerce and robust financial health, Zomato remains a favored pick among investors.
TOPICS:
Zomato