Share of Zomato Limited is currently trading at around Rs.73/- Existing as well as prospective investors are asking for the Zomato Share Price Target from 2023 to 2030. In this article, we will discuss about the business prospects and financial performance of Zomato Limited and based on our discussion and analysis will tell you the Zomato Share Price Target from 2023 to 2030.
Following are the frequently asked questions by the existing as well as prospective investors, about Zomato Limited:
- What is Zomato share price target?
- What is the future of Zomato share price?
- Is Zomato good to buy now?
- Will Zomato shares rise in future?
- Is Zomato a safe stock to buy?
Discussion & Analysis of Business & Financial performance of Zomato Limited:
Zomato Limited is an Indian restaurant aggregator and food delivery company founded in 2008. It is one of the two largest food delivery companies in India, along with Swiggy. Zomato operates in over 24 countries and has over 100 million users.
The future business prospects of Zomato look promising. The Indian food delivery market is expected to grow at a CAGR of 21% from 2022 to 2026, reaching a size of $25 billion by 2026. This growth is being driven by a number of factors, including the increasing urbanization and disposable incomes of Indians, the growing popularity of online food ordering, and the rising penetration of smartphones.
Zomato is well-positioned to capitalize on this growth. The company has a strong brand name, a large user base, and a wide network of restaurants. It is also investing heavily in technology and innovation, such as its recently launched Zomato Instant service, which promises to deliver food within 10 minutes.
In addition to food delivery, Zomato is also expanding into other areas, such as online grocery delivery and dine-in reservations. This diversification will help the company to reduce its dependence on food delivery and improve its profitability.
Overall, the future business prospects of Zomato look bright. The company is well-positioned to capitalize on the growth of the Indian food delivery market and its diversified business model will help it to improve its profitability.
Here are some of the key factors that are expected to drive the growth of Zomato’s business in the coming years:
- Increasing urbanization and disposable incomes: The Indian economy is growing rapidly, and this is leading to an increase in urbanization and disposable incomes. This is creating a larger pool of potential customers for Zomato’s food delivery services.
- Growing popularity of online food ordering: The internet and smartphones are becoming increasingly ubiquitous in India. This is leading to a growing popularity of online food ordering, which is a major growth driver for Zomato.
- Rising penetration of online food delivery: The penetration of online food delivery in India is still relatively low. This means that there is a large untapped market for Zomato to grow into.
- Increased investment in technology and innovation: Zomato is investing heavily in technology and innovation. This is helping the company to improve its efficiency and customer experience, which is leading to increased market share.
- Diversification into other businesses: Zomato is diversifying into other businesses, such as online grocery delivery and dine-in reservations. This is helping the company to reduce its dependence on food delivery and improve its profitability.
Overall, the future business prospects of Zomato look bright. The company is well-positioned to capitalize on the growth of the Indian food delivery market and its diversified business model will help it to improve its profitability.
Share Price Targets:
Zomato Share Price Target 2023
Based on the above discussion and analysis, the share price of Zomato may touch the level of around Rs.80-100 in 2023.
Zomato Share Price Target 2024
Based on the above discussion and analysis, the share price of Zomato is likely to touch the level of around Rs.125-150 in 2024.
Zomato Share Price Target 2025
Based on the above discussion and analysis, the share price of Zomato is likely to remain in the range of Rs.150-200 in 2025.
Zomato Share Price Target 2026
Based on the above discussion and analysis, the share price of Zomato may touch the level of around Rs.225-250 in 2026.
Zomato Share Price Target 2027
Based on the above discussion and analysis, the share price of Zomato is likely to touch the level of around Rs.275-300 in 2027.
Zomato Share Price Target 2028
Based on the above discussion and analysis, the share price of Zomato is likely to remain in the range of Rs.325-350 in 2028.
Zomato Share Price Target 2029
Based on the above discussion and analysis, the share price of Zomato may touch the level of around Rs.375-425 in 2029.
Zomato Share Price Target 2030
Based on the above discussion and analysis, the share price of Zomato is likely to touch the level of around Rs.450-500 in 2030.
Disclaimer: Share Prices are subject to market fluctuations and are dependent on several factors. These predictions are based on the current market conditions and the future market expectations. Investors are advised to take into consideration all these factors before making any investment in Capital Market. This article should not be treated as Investment advisory and is for general guidance/educational purpose only. We keep revising our share price targets based on the latest information available with us. Please keep visiting our website regularly to keep yourself updated. MoneyInsight does not offer investment advice and does not encourage any action based on its content.
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