Is Zomato a good long-term investment?

Is Zomato a good long-term investment?

Although the stock has nosedived, brokerage firm JM Financial remains positive on the long-term growth story of Zomato. JM Financial has reiterated a buy call on Zomato stock with a target price of Rs 140 per share.

What is the future of Zomato?

Analysts believe it might be a good time to buy these new-age tech stocks during the sharp correction. With major plans to expand its business, the outlook for Zomato appears to be positive. Most analysts believe Zomato is a ‘buy’ with a price target of nearly double from its current levels within the next 12 months.

What is the target of Zomato share price?

Zomato Ltd., incorporated in the year 2010, is a Small Cap company (having a market cap of Rs 51128.20 Crore) operating in Services sector. JM Financial has buy call on Zomato with a target price of Rs 115. The current market price of Zomato Ltd. is Rs 63.95. Time period given by analyst is one year when Zomato Ltd.

Is Zomato share bullish?

Zomato share price tanks 6% after Blinkit acquisition; brokerages bullish on the stock, see up to 63% rally.

Is Zomato stock worth buying?

Brokerage house Ambit Capital has changed and upgraded Zomato shares rating to ‘Buy’ from Sell on strong scale-up over next 20 years in food ordering with sustained profitability from FY27E (1-year pushback vs earlier) at 45-50% market share, with a target price of ₹106.

Does Zomato share reach 200?

At max it will be at 190–200. Well if it became profitable then it can be trading at much higher than that but before that I don’t think so. However , with increase in market share they will soon reach their breakeven in few years and can be trading at this price. That is too much for Zomato stock.

Is Zomato profitable in 2022?

For the fiscal year 2022, losses of the company came in at Rs 1222.5 crore, compared to Rs 816.4 in the previous year. Revenue also increased to Rs 4192.4 crore from Rs 1993.8 crore. The increase in fuel prices does increase Zomato’s delivery cost.

Will Zomato ever become profitable?

In conclusion, we believe Zomato (having all the characteristics of a new-age tech company) led by a good management with strong execution capabilities, aiming to transform the eating habits of the large Indian consumer base has a huge runaway for a high and profitable growth in the years to come.

Which share will grow in future?

growth stocks for future

Why Zomato share is rising?

JPMorgan said adjusted Ebitda losses continued to decline and that gross order value (GOV) saw strong growth as orders came back. It said Food delivery revenues rebounded for Zomato in the March quarter, as it suggested a price target of Rs 130 on the stock.

Which share is best to buy?

Stocks to Buy Today: Best Shares to Buy in India

How Zomato shares will perform?

Zomato Share Price

• 67.551.40 (2.12%)
• Volume: 30,29,380.

Why Zomato share is in loss?

Zomato posted a net loss of ₹1,222 crore for the March quarter — which swelled by ₹400 crore since last year. The company had given too many discounts during the quarter loading its expenses which is nearly 40% more than the revenues it earned in FY22.

Why Zomato is going down?

Pointing towards the reasons for Zomato share price tumble, Avinash Gorakshkar, Head of Research at Profitmart Securities said, “Zomato is facing severe cash flow problem as its operational cost is running quite high and the company is unable to bring it down below its cash inflows.

How is Swiggy better than Zomato?

When assessing the two solutions, reviewers found Zomato easier to use. However, Swiggy is easier to set up and administer. Reviewers also preferred doing business with Swiggy overall. Reviewers felt that Zomato meets the needs of their business better than Swiggy.

How much will Zomato fall?

Financials. While Zomato’s business appears intact with bright prospects going ahead, it is still a loss-making company. During the quarter that ended in December 2021 (FY22), the company reported a loss of Rs 67.2 crore. But it narrowed from a loss of Rs 352.6 crore same period last year.