Zomato Stock Analysis
Zomato Stock Analysis
https://www.tradingview.com/x/VuvZ5fQV/
Current Price: As of December 10, 2024, Zomato's share price was ₹297.30.
Analyst Recommendations:
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.
https://www.tradingview.com/x/VuvZ5fQV/
Current Price: As of December 10, 2024, Zomato's share price was ₹297.30.
Analyst Recommendations:
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.
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.