In 2023, Zomato Limited’s share price target (Zomato Share Price Target 2023) is being predicted by various market experts and brokerage firms to be in the range of INR 100 to INR 110 per share. Currently, Zomato’s share price is trading on the National Stock Exchange (NSE) at INR 99. The company’s Q4 results were better than expected, and management has provided guidance for strong growth in FY24.
Several factors contribute to the positive outlook for Zomato’s share price in 2023:
Considering these factors, the share price target for Zomato in 2023 is expected to range from INR 100 to INR 110 per share. However, please note that stock prices are subject to market fluctuations and other variables, and investors should exercise caution and conduct their research before making investment decisions.
As per various market experts and brokerage firms, the Zomato Share Price Target in 2024 is expected to reach ₹125-145. This projection is based on the company’s continuous growth in revenue and user base, along with its plans for expansion into new markets. However, it is important to note that this is only an estimation, and the actual price may vary higher or lower.
Here are some factors that could impact Zomato’s share price in 2024:
Financial Performance: If Zomato continues to show growth in its revenue and profits, it could be a positive signal for investors and may lead to an increase in the share price.
Competitive Landscape: Zomato faces competition from other food delivery apps such as Swiggy and Uber Eats. If these companies succeed in gaining market share, it may put pressure on Zomato’s share price.
Overall Economic Environment: A strong economy may lead to increased spending on food delivery, benefiting Zomato. On the other hand, a weak economy could lead to a decrease in demand for food delivery services, potentially impacting Zomato’s business negatively.
In conclusion, the Zomato Share Price Target for 2024 appears positive. However, there are several factors that can influence the price, and investors should carefully consider these factors before making any investment decisions.
The projected share price targets for 2024 are ₹125 and ₹145.
“Zomato Limited’s Share Price Target in 2025.”
Based on current trends, many market experts and brokerage firms believe that the Zomato Share Price Target by 2025 could reach ₹160-180 per share.
There are several reasons that could contribute to the growth in Zomato’s share price in the coming years. The company is expanding its international presence, which could lead to an increase in revenue and profits. Additionally, Zomato is investing in new technologies such as artificial intelligence and machine learning, which could improve its customer experience and efficiency.
If we talk about the Zomato Share Price Target for 2025, the first target could be ₹160, and the second target could be ₹180 per share.
“Zomato Limited’s Share Price Target in 2030.”
By 2030, the Zomato Share Price Target is expected to be between ₹450 and ₹510. This projection is based on the company’s current financial performance, growth prospects, and overall market conditions.
Zomato is a leading food delivery platform in India and has experienced rapid growth in recent years, establishing a strong position in the market. The company is also expanding into new markets such as the United States and the United Kingdom.
The overall market conditions for the food delivery platform are favorable as well. The global food delivery market is expected to grow at an annual growth rate (CAGR) of 15% from 2022 to 2027. The increasing popularity of online ordering, the growing number of millennials, and rising disposable income in emerging markets could lead to substantial growth in Zomato’s share price.
If we talk about the Zomato Share Price Target for 2030, the first target could be ₹450, and the second target could be ₹510 per share. However, it is essential to remember that these are estimates, and the actual share price may vary depending on various factors and market conditions.