Nomura: Increased target price to ₹320; maintains 'Buy' rating. CLSA: Raised target to ₹370; maintains 'Outperform' rating. Morgan Stanley: Target price set at ₹355; maintains 'Overweight' rating. Bernstein: Target price of ₹335; maintains 'Outperform' rating. Performance Highlights:
Zomato's stock has gained approximately 154% over the past year. The company reported a consolidated net profit of ₹253 crore in Q1FY25, a significant increase from ₹2 crore in the same quarter the previous year. Considerations:
Market Position: Zomato has shown strong growth in both food delivery and quick commerce segments, outperforming competitors like Swiggy in certain metrics.
Valuation: The stock is trading near its 52-week high, indicating positive market sentiment.
Conclusion:
Analysts generally recommend buying Zomato's stock, citing strong financial performance and growth prospects. However, it's important to consider your personal investment goals and risk tolerance before making decisions.
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