Tag: Zomato

Zomato shares saw a 1.7% increase in trading on the NSE on September 18, fueled by investors' growing confidence in the company's ability to deliver visible revenue growth and margin expansion. Jefferies, which has a ‘buy’ rating on the food delivery platform with a target price of Rs 130, says that with only ~20mn monthly transacting users currently, Zomato has a long runway for customer acquisition and revenue growth.

Zomato has achieved profitability milestones well ahead of schedule, according to a recent report by Bernstein. The report cites sustained improvements in contribution margins and robust execution as key drivers of the company's success. Analysts are optimistic about Zomato's future prospects and have raised the target price to Rs 120, representing a 20% upside potential.