Dear viewers, welcome to another article if you want to invest in Zomato. You are here at the right place where we will tell you Zomato share price target for 2023,2024,2025,2026, and 2030. in this article, we will discuss a detailed analysis of the future share price of Zomato.
It will be challenging to predict the future price target; however, w will try our best to give you some nearby ideas so you can get some ideas to invest by analyzing the different factors which could affect the Company’s share price and its growth in the upcoming years. Also, we can get some crucial insights into the Company’s future trajectory.
History of zomato
Zomato is an indian food delivery company founded in 2008 by Deepinder Goyal and Pankaj Chaddah. The Company’s first name was Foodiebay .later in 2010, and the name was changed to zomato.
The Company’s primary source is to deliver food to customers by connecting to different restaurants through its mobile application. Zomato has got the highest place in the field of food delivery market.
Business Model of Zomato
Before looking at the future price target of the Company, it’s essential to understand its business model, how it works, and the resources from which it generates revenue. Here is a brief analysis of the business model of the Company.
- Zomato is one f the best-emerging player in the food delivery business and works on the two side marketplace business model. Zomato acts as a bridge between customers who want to order food online and hotels who want to serve their food online. Zomato charges commissions to restaurants or any other food-selling company and charges delivery fees to the customers.
- The Company gives the restaurants and food-delivering partners a platform to list their menus, photos, and other relevant material to attract customers and convert them into more orders.
- Sometimes Company gives customers special offers, discounts, coupons, etc., to get more orders and generate more revenue through commission.
Overall, zomato is the Company that has introduced the concept of online food delivery in india and some other countries .company is introducing more concepts with time, such as online reviews, cloud kitchens, event kitchens, etc.
Company’s Growth Prospects
Zomato’s ability to maintain its growth momentum is essential in deciding share price targets. When the firm introduced its mobile app in the starting, it only provided information about restaurants and reviews of restaurants; later on, finally, the management decided to deliver food to the customers.
Zomato always keeps its customer’s priority first by providing different offers such as coupons, discounts, and much more.
The company is always in search of new ideas to generate more profits. Recently Hyperpure was launched. The primary purpose of Hyperpure is to supply fresh food products to restaurants and food suppliers directly from the farmers. The Company holds 55% shares of the Indian market.
Factors such as expanding market reach, increasing customer base, and diversifying service offerings can contribute to the Company’s growth prospects and, subsequently, its share price.
Fundamentals Analysis of Zomato Ltd
According to the Company, there was an improvement in EBITDA in the March quarter. According to Zomato, there were losses of 346.60 cr in December and 359.70 in the same quarter of the last year, But at the end of March, losses came down to 188.20 cr, excluding Quick Commerce.
Zomato earned total revenue of Rs 42 billion (USD 562 million) in FY 2022, a year-on-year growth rate of 110%. The Company grew momentum into the first half of fiscal year 2023, with a year-on-year growth rate of 65%.
| Name of Company | Zomato Ltd. |
| Founder of Company | Deepinder Goyal and Pankaj Chaddha. |
| Founded in Year | 2008 |
| Volume | 50,764,500 |
| Avg Volume | 63,134,430 |
| Market Cap | 542.541 billion |
| 52 Weak Range low/high | 40.60/79.80 |
| Currency | INR |
| DATA Date | 23 May 2023 |
| website | www.zomato.com |
Zomato Share Price Target 2023,2024,2025,2026 And 2030
| Year | First Target | Second Target |
| 2023 | 85 | 95 |
| 2024 | 120 | 135 |
| 2025 | 140 | 150 |
| 2026 | 155 | 180 |
| 2027 | 190 | 220 |
| 2028 | 225 | 245 |
| 2029 | 250 | 280 |
| 2030 | 290 | 310 |
Zomato Share Price Target 2023
After the COVID pandemic, online food delivery has increased, and Zomato is the leading Company in this field. More people are ordering food online. As we see, the current food market in india has reached around $28 billion, and it is expected to reach around $33.5 billion at the end of 2023.
There is huge competition in The food delivery industry. Many competitors, such as swiggy, Foodpanda, and Ubereats, are trying to expand their business. In the coming years, online food ordering will become more popular, and Zomato has to stay ahead. If the Company manages to increase its business in the coming years, the stock price of the Company can touch, Rs85, And the second target will be Rs 95.
Zomato Share Price Target for 2024.
The jump of 20% has been seen in Zomato’s Quick Commerce business “Blinket,” with every quarter to Rs363 crore at the end of March 2023.
Zomato has crossed the Gross Merchandise Value of Rs 2040 crore. Zomato has expanded its business to 25 countries, including the USA, Australia, New Zealand, the Middle East, and Qatar.
It is assumed that the business will grow in the coming years. If the market remains bullish toward the Company, the first share price target is Rs 120, and the second share price target will remain Rs 135.
Zomato Share Price Target 2025.
According to Zomato, Online food delivery is still in its initial stage, and there is enormous potential to grow the business and cover the new market in the coming years. Companies will invest huge amounts in penetrating businesses to make this strategy a practice. Furthermore, the Company is trying to gain people’s confidence by providing seamless services.
Zomato is in touch and signed a moh with various restaurants and community kitchens with the perspective of long-term business. Keeping all this investment in the long term could earn decent returns.
As Zomato has said, there is huge potential for shares in the long term, considering that the share price will remain at Rs140, and the second target is Rs 150.
Zomato Share Price Target 2026.
As we look at the business model of Zomato, it was restricted only to the major cities, and the Company is now spending huge amounts on penetrating its business in small cities and towns. The Company has already spread to 25 countries and more than 10000 cities.
Initially, the Company will face demand issues from these small cities. With time, the Company will try its full efforts to make a habit of online food by giving them some giveaways and discounts as money companies do in the beginning. Considering all these factors, the share price target will be Rs 155, and the second target will be Rs 180.
Zomato share price target 2027.
The company is InTouch with various partners to invest in which will boost company revenue. It is assumed that the first target may stay at Rs 190, and the second target is Rs 220.
Zomato share price target 2028.
The company’s first Target in 2028 will remain Rs 225, and the second target is Rs 245.
Zomato share price target 2029.
The company’s first Target in 2029 will remain Rs 250, and the second target is Rs 280.
You can check the Live price on yahoo finance.
Zomato share price target 2030.
In 2030 the online food industry will be on top of the edge. The Company has faced various hurdles in two years, such as credit issues and challenges from other companies such as Swiggy, Uber Eats, etc. The Company, in the long term, is assumed on its topmost performance.
The passion for online food is increasing in india, and it’s a golden chance for the Company to take advantage. The Company is running into losses. Investors can expect good returns if the Company manages to reduce its expenses.
The Company’s 75% of revenue comes from food items, .so we can estimate if the Company’s management team takes the proper steps over time, investors can come to invest more.
Considering all these facts, the share price target will remain at Rs 290, and the second price target will be Rs 310.
Read our article on IRFC Share Price Target
Conclusion
In the above article, we have explained the Zomato share price target from 2023 to 2023. It is believed that if you are looking for long-term investment, it could benefit you. But all the estimates are based and assumed if the market remains bullish towards the Company.
Investing in Zomato could be risky, but it can be good if you are looking for the long term. However, predictions provided in this blog can vary over time.
The online food industry is in its initial stage and shows daily growth. Zomato is currently serving its services in most of the major cities. For moving towards small cities and towns, the company will invest a massive amount for this project to penetrate the business. On the other hand, the company is also investing in other projects.
FAQ’s
What will be the Zomato share price target for 2030?
According to our forecast and profound analysis by market experts, the share price of Zomato in 2030 will remain at Rs 300 to Rs 330
Is Zomato a good buy for the long term?
Overall, the stock is the right choice for a long-term investment. According to analysts, one should play this stock cautiously for the short term.
Is Zomato successful?
If we look at the background history of Zomato, it has faced many up-downs in the past Zomato holds 55% of the market shares, which describes its success story.
Disclaimer
We are not any authorized advisors by SEBI or any other company; the information provided in this blog is only for educational and informational purposes. Users are advised to do their research before investing. We are not responsible for any financial loss. The information provided on this website should not be taken as any financial advice. Please seek the advice of any licensed financial advisor.