Analyzing Future Prospects Of Zomato Share Price Target 2024, 2025, 2026, 2027, 2028, 2029, 2030 which will help the investors in making wise decision.
Zomato Share Price Target 2024, 2025, 2026, 2027, 2028, 2029, 2030
In the dynamic world of stock markets, predicting the future is both challenging and speculative. However, based on a cumulative annual growth rate of 15%, along with an additional 5% increase each year, we’ve projected potential Zomato Share Price Target 2024, 2025, 2026, 2027, 2028, 2029, 2030.
These figures provide a glimpse into a hypothetical trajectory, considering a variety of factors that influence market dynamics.
| Year | Zomato Share Price Target (₹) | Minimum Target (₹) | Maximum Target (₹) |
|---|---|---|---|
| 2024 | ₹143.75 | ₹128.53 | ₹160.63 |
| 2025 | ₹165.31 | ₹144.95 | ₹188.67 |
| 2026 | ₹190.10 | ₹162.20 | ₹220.89 |
| 2027 | ₹218.62 | ₹180.39 | ₹257.91 |
| 2028 | ₹251.36 | ₹199.61 | ₹300.31 |
| 2029 | ₹289.06 | ₹219.97 | ₹348.83 |
| 2030 | ₹332.42 | ₹241.57 | ₹404.88 |
Zomato Share Price Target 2024
In 2024, Zomato’s share price is expected to witness a steady rise throughout the year. Starting the year with a minimum Zomato Share Price Target 2024 of ₹128.53 in January, it is anticipated to reach a maximum of ₹160.63 by December. This gradual increase reflects a positive outlook for Zomato Share Price Target 2024, potentially influenced by market dynamics, industry trends, and the company’s performance.
| Zomato Share Price Target 2024 (₹) | Minimum Target (₹) | Maximum Target (₹) |
|---|---|---|
| ₹143.75 | ₹128.53 | ₹160.63 |
Month Wise Zomato Share Price Target 2024
| Month | Zomato Share Price Target 2024 (₹) |
|---|---|
| Jan | ₹128.53 |
| Feb | ₹132.14 |
| Mar | ₹135.76 |
| Apr | ₹139.37 |
| May | ₹142.99 |
| Jun | ₹146.60 |
| Jul | ₹150.22 |
| Aug | ₹153.83 |
| Sep | ₹157.45 |
| Oct | ₹161.06 |
| Nov | ₹164.68 |
| Dec | ₹160.63 |
Zomato Share Price Target 2025
Moving into 2025, Zomato continues its upward trajectory. Beginning with a minimum Zomato Share Price Target 2025 of ₹144.95 in January, the share price is projected to climb steadily throughout the year, reaching a maximum of ₹188.67 in December. These targets indicate optimism in the market, possibly driven by Zomato’s strategic moves, financial performance, and the overall landscape of the food delivery industry.
| Zomato Share Price Target 2025 (₹) | Minimum Target (₹) | Maximum Target (₹) |
|---|---|---|
| ₹165.31 | ₹144.95 | ₹188.67 |
Month Wise Zomato Share Price Target 2025
| Month | Zomato Share Price Target 2025 (₹) |
|---|---|
| Jan | ₹144.95 |
| Feb | ₹148.56 |
| Mar | ₹152.18 |
| Apr | ₹155.79 |
| May | ₹159.41 |
| Jun | ₹163.02 |
| Jul | ₹166.64 |
| Aug | ₹170.25 |
| Sep | ₹173.87 |
| Oct | ₹177.48 |
| Nov | ₹181.10 |
| Dec | ₹188.67 |
Zomato Share Price Target 2026
The year 2026 holds promising prospects for Zomato, with the Zomato Share Price Target 2026 expected to see incremental growth. Initiating the year at ₹162.20 in January, the share price is forecasted to reach a peak of ₹220.89 by December. These targets suggest sustained confidence in Zomato’s market position and potential developments in the food tech sector.
| Zomato Share Price Target 2026 (₹) | Minimum Target (₹) | Maximum Target (₹) |
|---|---|---|
| ₹190.10 | ₹162.20 | ₹220.89 |
Month Wise Zomato Share Price Target 2026
| Month | Zomato Share Price Target 2026 (₹) |
|---|---|
| Jan | ₹162.20 |
| Feb | ₹165.82 |
| Mar | ₹169.43 |
| Apr | ₹173.05 |
| May | ₹176.66 |
| Jun | ₹180.28 |
| Jul | ₹183.89 |
| Aug | ₹187.51 |
| Sep | ₹191.12 |
| Oct | ₹194.74 |
| Nov | ₹198.35 |
| Dec | ₹220.89 |
Zomato Share Price Target 2027
Continuing the positive trend, Zomato Share Price Target 2027 show resilience and steady progress. Starting at ₹180.39 in January, the share price is estimated to reach a maximum of ₹257.91 by the end of the year. This outlook underscores a continued positive sentiment surrounding Zomato’s market presence and growth strategies.
| Zomato Share Price Target 2027 (₹) | Minimum Target (₹) | Maximum Target (₹) |
|---|---|---|
| ₹218.62 | ₹180.39 | ₹257.91 |
Month Wise Zomato Share Price Target 2027
| Month | Zomato Share Price Target 2027 (₹) |
|---|---|
| Jan | ₹180.39 |
| Feb | ₹184.01 |
| Mar | ₹187.62 |
| Apr | ₹191.24 |
| May | ₹194.85 |
| Jun | ₹198.47 |
| Jul | ₹202.08 |
| Aug | ₹205.70 |
| Sep | ₹209.31 |
| Oct | ₹212.93 |
| Nov | ₹216.54 |
| Dec | ₹257.91 |
Zomato Share Price Target 2028
In 2028, Zomato aims for further growth, navigating challenges and capitalizing on opportunities. The year begins with a minimum Zomato Share Price Target 2028 of ₹199.61 in January, gradually climbing to a maximum of ₹300.31 by December. These targets reflect the company’s commitment to expansion and innovation in the competitive food delivery landscape.
| Zomato Share Price Target 2028 (₹) | Minimum Target (₹) | Maximum Target (₹) |
|---|---|---|
| ₹251.36 | ₹199.61 | ₹300.31 |
Month Wise Zomato Share Price Target 2028
| Month | Zomato Share Price Target 2028 (₹) |
|---|---|
| Jan | ₹199.61 |
| Feb | ₹203.22 |
| Mar | ₹206.84 |
| Apr | ₹210.45 |
| May | ₹214.07 |
| Jun | ₹217.68 |
| Jul | ₹221.30 |
| Aug | ₹224.91 |
| Sep | ₹228.53 |
| Oct | ₹232.14 |
| Nov | ₹235.76 |
| Dec | ₹300.31 |
Zomato Share Price Target 2029
As Zomato advances into 2029, the share price targets indicate ongoing growth and market confidence. With a starting point of ₹219.97 in January, the share price is anticipated to achieve a maximum Zomato Share Price Target 2029 of ₹348.83 by December. These targets align with Zomato’s strategic initiatives and potential developments in the broader tech and food sectors.
| Zomato Share Price Target 2029 (₹) | Minimum Target (₹) | Maximum Target (₹) |
|---|---|---|
| ₹289.06 | ₹219.97 | ₹348.83 |
Month Wise Zomato Share Price Target 2029
| Month | Zomato Share Price Target 2029 (₹) |
|---|---|
| Jan | ₹219.97 |
| Feb | ₹223.58 |
| Mar | ₹227.20 |
| Apr | ₹230.81 |
| May | ₹234.43 |
| Jun | ₹238.04 |
| Jul | ₹241.66 |
| Aug | ₹245.27 |
| Sep | ₹248.89 |
| Oct | ₹252.50 |
| Nov | ₹256.12 |
| Dec | ₹348.83 |
Zomato Share Price Target 2030
The year 2030 holds significant promise for Zomato, with the share price expected to show robust growth. Commencing at ₹241.57 in January, the share price is forecasted to reach a maximum Zomato Share Price Target 2030 of ₹404.88 by December. These targets emphasize the company’s potential to shape the future of the food delivery industry through innovation and strategic advancements.
| Zomato Share Price Target 2030 (₹) | Minimum Target (₹) | Maximum Target (₹) |
|---|---|---|
| ₹332.42 | ₹241.57 | ₹404.88 |
Month Wise Zomato Share Price Target 2030
| Month | Zomato Share Price Target 2030 (₹) |
|---|---|
| Jan | ₹241.57 |
| Feb | ₹245.19 |
| Mar | ₹248.80 |
| Apr | ₹252.42 |
| May | ₹256.03 |
| Jun | ₹259.65 |
| Jul | ₹263.26 |
| Aug | ₹266.88 |
| Sep | ₹270.49 |
| Oct | ₹274.11 |
| Nov | ₹277.72 |
| Dec | ₹404.88 |
Zomato Share Price History
As of January 03, 2024, Zomato Limited’s current stock price stands at approximately ₹127 on the National Stock Exchange (NSE). Looking at the company’s market capitalization, it is valued at around ₹1,12,197 crore as of January 2, 2024.
The price-to-earnings (P/E) ratio is reported as 0.00, indicating a certain aspect of the company’s valuation. Meanwhile, the earnings per share (EPS) is -0.57. The price-to-book (P/B) ratio is measured at 5.49, offering insights into the market’s perception of Zomato’s value in relation to its book value.
The stock’s 52-week range fluctuates between ₹44.35 and ₹131.75, illustrating the variability in its performance over the past year. It’s essential to note that stock prices can change, so it’s recommended to verify the latest information from a trustworthy financial source.
Zomato Financials Overview
Zomato, a key player in the food delivery and quick commerce sector, presents a snapshot of its financial health and market performance through various key metrics.
Market Capitalization and Valuation
As of the most recent data, Zomato’s market capitalization stands at a substantial 1.122 trillion. The enterprise value, a comprehensive measure of a company’s total value, is reported at 807.522 billion. These figures indicate the market’s perception of Zomato’s worth in the industry.
Shareholder and Employee Landscape
Zomato boasts a robust shareholder base with 1.947 million shareholders, reflecting widespread investor interest. The company has 8.711 billion shares outstanding, emphasizing its widespread ownership. With a workforce of 4,184 employees, Zomato operates with a dedicated team.
Price Metrics
Zomato’s price metrics provide insights into its valuation. The price-to-earnings ratio (TTM) and price-to-revenue ratio (TTM) are key indicators, though specific values are not provided. The price-to-book (FY) ratio stands at 5.6570, while the price-to-sales (FY) ratio is reported at 14.7275.
Balance Sheet Strength
As of September 30, 2023, Zomato exhibits a healthy balance sheet. The quick ratio (MRQ) and current ratio (MRQ) stand at 3.8766 and 3.9294, respectively, underscoring the company’s short-term liquidity. The debt-to-equity ratio (MRQ) is a modest 0.0264, with a net debt (MRQ) of -31.02 billion, indicating a net positive position.
Operating Metrics and Margins
Zomato’s operating metrics reveal key performance indicators. While return metrics show negative values, indicating challenges in profitability, the revenue per employee (FY) is reported at 16.92 million. Margins, including net margin (TTM), gross margin (TTM), operating margin (TTM), and pretax margin (TTM), provide a comprehensive view of Zomato’s financial efficiency.
Price History and Dividends
Zomato’s price history, with a 52-week high of 131.7500 and a low of 44.3500, illustrates its market volatility. The absence of dividends paid in the fiscal year and a forward dividend yield suggest a focus on reinvestment for growth.
Income Statement Metrics
Key income statement metrics, including basic and diluted earnings per share (EPS), net income (FY), EBITDA (TTM), gross profit (MRQ and FY), and total revenue (FY), paint a detailed picture of Zomato’s financial performance. The negative net margin (TTM) and operating margin (TTM) indicate the company’s current profitability challenges.
Factors Influencing the Zomato Stock Price
- Indian stock market: Zomato’s share price is influenced by the overall performance of the Indian stock market. When the market is up, Zomato’s stock price tends to rise, and when the market is down, Zomato’s stock price tends to fall.
- Performance of the food delivery industry: The performance of the food delivery industry is also a major factor influencing Zomato’s share price. When the food delivery industry is doing well, Zomato’s stock price tends to rise, and when the industry is struggling, Zomato’s stock price tends to fall.
- Company-specific news and events: Company-specific news and events can also have a significant impact on Zomato’s share price. For example, if Zomato announces a new partnership or launches a new product, the stock price may rise. Conversely, if Zomato reports disappointing financial results or is involved in a negative news event, the stock price may fall.
Competitors Of Zomato Stock Direct And Indirect
Zomato faces competition from various players across different aspects of their business. Here’s a simple breakdown by category:
Direct Food Delivery Competitors
- Swiggy: Zomato’s biggest competitor in India, offering similar food delivery services with a strong presence in major cities.
- Delivery Hero: A global leader in food delivery with operations in India through Zomato’s acquisition of Wow! Momo and Hoover Delivery.
- Uber Eats: A major global player, primarily focused on larger cities and offering integrated delivery with Uber rides.
- DoorDash: A significant competitor in the US and other markets, potentially entering India through partnerships or acquisitions.
- Local players: Several regional food delivery platforms compete in smaller cities and towns.
Indirect Competitors
- Restaurant-Guru and Magicpin: Platforms providing restaurant discovery and reviews, potentially influencing customer choices before ordering on Zomato.
- Open Network for Digital Commerce (ONDC): A government-backed initiative aimed to create an open platform for online commerce, including food delivery, potentially challenging Zomato’s dominance.
- Grocery delivery platforms: Platforms like Bigbasket and Grofers offering food delivery alongside groceries, potentially impacting Zomato’s market share.
- Dine-in restaurants: While not directly competing, restaurants offering dine-in experiences and takeaway options can be considered indirect competitors for Zomato’s delivery business.
Future Of Zomato Stock
Predicting the future is always tricky, but Zomato holds promise with several factors contributing to its potential growth:
Growing Food Delivery Market
The Indian food delivery market is poised to reach a substantial $16 billion by 2025. Zomato, being a key player in this sector, stands to benefit from the increasing demand for convenient and diverse food delivery services. As more consumers embrace online food ordering, Zomato is well-positioned to capture a significant share of this expanding market.
Diversification
Zomato’s strategic move into quick commerce through the acquisition of Blinkit is a noteworthy expansion. This diversification not only broadens Zomato’s service offerings but also creates additional revenue streams. The ability to cater to a wider range of consumer needs, beyond food delivery, enhances Zomato’s resilience in a dynamic market landscape.
Focus on Profitability
Zomato is actively implementing strategies to enhance cost efficiency and streamline its operations. This concerted effort towards achieving profitability signals a commitment to sustainable business practices. By optimizing costs and improving overall efficiency, Zomato aims to create a foundation for future financial success, potentially making it an attractive prospect for investors looking for sustained returns.
While uncertainties always exist in the stock market, Zomato’s proactive approach to navigating challenges, coupled with its strategic moves in response to evolving consumer preferences, positions it favorably for potential growth. As the company adapts to market dynamics and explores new avenues, investors may find Zomato an intriguing stock to watch in the coming years.
Also Read: Tata Motors Share Price Target 2024, 2025, 2026, 2027, 2028, 2029, 2030
Final Conclusion On Zomato Share Price Target 2024, 2025, 2026, 2027, 2028, 2029, 2030
In conclusion, the projected Zomato Share Price Target 2024, 2025, 2026, 2027, 2028, 2029, 2030 offer a glimpse into the potential growth and trajectory of the company over the next several years. These estimates are based on a cumulative annual increase, taking into account various factors that may influence stock performance, including market dynamics, industry trends, and the company’s strategic initiatives.
It’s crucial to note that stock prices are subject to fluctuations influenced by unpredictable market conditions, economic shifts, and unforeseen events. Investors should approach these projections with a cautious mindset and conduct thorough research before making any financial decisions.
This analysis serves as an informative perspective on potential scenarios, but actual market outcomes may vary. For the most accurate and up-to-date information, investors are encouraged to consult financial experts and rely on comprehensive market analyses. The financial landscape is dynamic, and prudent investment decisions require careful consideration of a wide range of factors.
This information is provided for educational and informational purposes only and should not be construed as financial advice. All investment decisions should be made with due diligence and consultation with financial professionals.
FAQ’s Related To Zomato Share Price Target 2024, 2025, 2026, 2027, 2028, 2029, 2030
1. What’s Zomato current stock price?
Zomato’s stock price sits at ₹127. Remember, stock prices are dynamic, so keep an eye on financial news and market trends for the latest updates.
2. How has Zomato’s stock performed historically?
Zomato’s stock journey has been a rollercoaster ride. After a strong debut in July 2021, it reached a peak of ₹131.75 in August 2023, but then dipped to a low of ₹114.15 in December 2023. The current upward trend indicates potential recovery, but the future remains uncertain.
3. Is Zomato profitable?
Not yet. Despite increasing revenue, Zomato remains in the red, reporting a net loss of ₹10,711 crore in Q2 FY24. Investors are watching closely to see if Zomato can turn the corner and achieve profitability in the future.
4. What Is Zomato Share Price Target 2024?
Starting the year with a minimum Zomato Share Price Target 2024 of ₹128.53 in January, it is anticipated to reach a maximum of ₹160.63 by December
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