Zomato Share Price Target 2024, 2025, 2026, 2027, 2028, 2029, 2030

Discover estimated Zomato share price target 2024 – 2030: Zomato, the leading online food delivery platform in India, has witnessed phenomenal growth in recent years. As the company expands its services and navigates a changing market landscape, investors are keenly interested in its future potential. This blog post explores Zomato’s share price target for the next seven years, from 2024 to 2030.

Overview of Zomato Company

Founded in 2010, Zomato has transformed from a restaurant discovery platform into a full-stack food-tech giant. It operates in over 525 cities across India, offering online food delivery, quick commerce services for everyday needs, and B2B supplies for restaurants and businesses. Zomato went public in July 2023, raising a staggering $1.25 billion in one of India’s biggest IPOs.

Company Full Details

Founded2010
FounderDeepinder Goyal
HeadquartersGurugram, India
IndustryFood Technology
ServicesOnline Food Delivery, Quick Commerce, B2B Supplies
Listed onNSE & BSE (India)
IPO DateJuly 2023
IPO Amount Raised$1.25 billion

Zomato Share Price Target 2024-2030

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Analysts have projected a steady increase in Zomato’s share price over the next seven years. Here’s a breakdown of the estimated minimum, maximum, and average target prices:

YearMinimum Price Target (₹)Maximum Price Target (₹)Average Price Target (₹)
2024150180165
2025173207190
2026198238218
2027228274251
2028262315289
2029302362332
2030347416382

Zomato share price target 2024

Zomato share price target 2024 is projected to be between ₹150 and ₹180, with an average target of ₹165. This represents a 15.15% increase from the average target for 2023. Analysts believe that Zomato’s expansion, competitive edge, and potential profitability will drive its share price upwards in the coming year.

Zomato share price target 2025

Zomato share price target 2025 is expected to be between ₹173 and ₹207, with an average target of ₹190. This represents a further 15.15% increase from the average target for 2024. Analysts remain optimistic about Zomato’s growth potential, citing factors like continued market penetration, strong brand recognition, and diversification into new areas like quick commerce.

Zomato share price target 2030

Zomato share price target 2030 is estimated to be between ₹347 and ₹416, with an average target of ₹382. This represents a significant increase from the current price and reflects analysts’ optimism about the company’s long-term growth potential.

Factors Influencing Share Price

Several factors will influence Zomato’s share price in the coming years:

  • Market Penetration: Zomato’s ability to expand its reach and capture a larger market share will significantly impact its growth.
  • Competition: The online food delivery space is witnessing intense competition. Zomato’s ability to differentiate itself and maintain its competitive edge will be crucial.
  • Profitability: While Zomato is still focusing on growth, achieving profitability will be a key driver of investor confidence.
  • Economic Conditions: The overall economic environment, including inflation and consumer spending trends, will play a role in determining Zomato’s performance.
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Key Takeaways

Zomato’s share price target for the next seven years suggests a promising future. However, achieving these targets depends on various factors, including market penetration, competition, profitability, and economic conditions. It’s important to remember that these are just estimates, and the actual share price may vary significantly.

Disclaimer: This article is for informational purposes only and should not be considered financial advice. Please conduct your own research before making any investment decisions.

Additional Resources:

I hope this blog post provides valuable insights into Zomato’s future potential and helps you make informed investment decisions.