Introduction to Zomato Share Price Target
For any investor, looking into the future of a company’s share price is like trying to predict the next multibagger. With Zomato, India’s biggest food delivery giant, the anticipations are even higher. In the past few days, the share price has shown continuous momentum and delivered appetizing returns for shareholders amidst intense competition and evolving market dynamics. In this blog we will try to analyse the best possible Zomato Share Price Targets for 2024 to 2030. So, buckle up, foodies and finance enthusiasts, as we delve into the potential trajectory of Zomato share price forecast for the next six years.
Below in this post, you’ll find an analysis of ZOMATO’s stock performance projected over the next 6 years, starting from 2024 till 2030. These insights offer a glimpse into the potential trajectory of Zomato’s share price in the foreseeable future.
Zomato Share Price Targets for 2024-2030
So as per our analysis, year wise share price target for zomato is tabulated below:
| Year | Minimum Share Price Target | Maximum Share Price Target |
|---|---|---|
| Zomato Share Price Target 2024 | 188.50 | 225.20 |
| Zomato Share Price Target 2025 | 203.77 | 279.25 |
| Zomato Share Price Target 2026 | 218.44 | 329.51 |
| Zomato Share Price Target 2027 | 238.54 | 385.86 |
| Zomato Share Price Target 2028 | 260.96 | 455.70 |
| Zomato Share Price Target 2029 | 283.92 | 542.74 |
| Zomato Share Price Target 2030 | 305.22 | 608.41 |
ZOMATO Share Price Target 2024
In the wake of a robust bull run experienced by many Indian stocks in 2023, ZOMATO is expected to maintain its upward trajectory in 2024, albeit with some initial consolidation. Analysts project a minimum share price target of ₹188.50, reflecting a cautious yet optimistic sentiment. Conversely, the maximum price target for the year is estimated to be ₹225.20, indicating the potential for significant growth if market conditions remain favorable.
ZOMATO Share Price Target 2025
By the onset of 2025, ZOMATO’s share price is forecasted to reach a minimum of ₹203.77, driven by continued positive market sentiment and company performance. Throughout the year, if macroeconomic factors align favorably with industry trends, the share price could potentially reach ₹279.25 by December 2025, underscoring sustained investor confidence in the company’s growth prospects.
ZOMATO Share Price Target 2026
In 2026, ZOMATO’s share price targets are delineated between a minimum of ₹218.44 and a maximum of ₹329.51. This range reflects a cautiously optimistic outlook, with analysts anticipating steady growth for the company amidst evolving market dynamics. Factors such as technological innovations and strategic partnerships may play pivotal roles in shaping ZOMATO’s trajectory over the course of the year.
ZOMATO Share Price Target 2027
Utilizing Fibonacci projections, analysts anticipate ZOMATO’s share price targets to hover between ₹238.54 and ₹365.86 in the first half of 2027. By the latter half of the year, the share price could potentially surge to a maximum value of ₹385.86, buoyed by sustained investor interest and positive market sentiment towards the company’s growth prospects.
ZOMATO Share Price Target 2028
As the calendar turns to 2028, ZOMATO’s share price targets reflect a gradual yet consistent upward trend. Initial projections set the price target at ₹260.96, with a mid-year target of ₹354. By year-end, the share price is expected to potentially reach ₹455.70, underlining the company’s resilience amidst evolving market conditions and its ability to capitalize on emerging opportunities.
ZOMATO Share Price Target 2029
Looking ahead to 2029, ZOMATO’s share price targets emphasize the company’s sustained growth trajectory and its ability to navigate evolving market dynamics. Initial projections set the minimum price target at ₹283.92, with a mid-year target of ₹542.74. These figures underscore continued investor confidence in the company’s long-term prospects and its ability to deliver value amidst dynamic market conditions.
ZOMATO Share Price Target 2030
In 2030, ZOMATO’s share price targets reflect a continuation of its upward trajectory, supported by favorable market conditions and sustained investor confidence. Initial projections set the price target at ₹305.22, with a mid-year target of ₹454.22. By year-end, the share price is expected to potentially reach ₹608.41, highlighting the company’s resilience and its capacity to deliver value to shareholders over the long term.
Factors Supporting these price targets
As of February 10, 2024, Zomato’s share price is holding steady at ₹149.45. It’s not quite back to its IPO high of ₹170, but things are looking up thanks to some good news in Q3 and positive vibes from analysts. This optimism is fueled by several factors such as:
- Growth in Gross Order Value (GOV): Zomato’s GOV, a vital gauge for order volume, continues to climb steadily, indicating sustained consumer demand and an increasing number of orders on the platform.
- Path to Profitability: Zomato is cutting down losses and moving closer to a profitable business model. In the current quarter of FY 2023-24, the company has reported a net profit of INR 138 crores with revenue touching half a billion.
- Expansion Strategies: Ventures like Blinkit acquisitions and quick commerce ventures are broadening horizons, paving the way for further growth for the company in long term.
In Conclusion:
Zomato’s share price journey promises to be as exciting and unpredictable as a well-curated multi-course meal. While there’s no guaranteed recipe for success, understanding the key ingredients, market dynamics, and expert opinions can equip you to make informed investment decisions. Remember, patience, prudence, and a healthy dose of risk tolerance are the essential spices for navigating the ever-evolving world of food delivery and its stock market stars.
Disclaimer: This blog is for informational purposes and should not be considered financial advice. Please consult a qualified financial advisor before making any investment decisions in this stock.