Zomato stock continues to receive positive sentiment from brokerages, with consistent ratings and target price updates reflecting confidence in its growth prospects. Here’s a summary of the latest views:
- CLSA: Maintains an outperform rating, raising the target price to ₹400 per share. CLSA signals optimism about Zomato’s long-term potential and growth trajectory.
- Morgan Stanley (MS): Retains its overweight rating with a target price of ₹340 per share. MS highlights Zomato’s ability to maintain profitability while scaling its operations.
- Bernstein: Holds an outperform rating, setting the target price at ₹315 per share. Bernstein underscores Zomato’s strategic focus and strong performance, keeping the stock attractive.
Brokerages collectively signal significant upside potential for Zomato stock, affirming its position as a key player in the food delivery space.
Disclaimer: This report is for informational purposes only and should not be considered as financial advice. Please consult your financial advisor before making any investment decisions.
