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Zomato faces a pessimistic outlook from Macquarie with a predicted 47% downside due to heightened competition in the quick commerce sector, despite positive EBITDA in March 2024 quarter.
Goldman Sachs raised Zomato's target price to Rs 240, hinting at a 30% upside. Blinkit's projected 53% CAGR in Gross Order Value by 2027 is expected to drive a 32% revenue CAGR for Zomato, leading its sector. Despite a 50% surge year-to-date, Zomato stock shows stable technical indicators.
According to analysts at Goldman Sachs, inferred value of the grocery delivery platform acquired by Zomato in 2022, now surpasses that of Zomato's food delivery division.
DoorDash Inc (NASDAQ:DASH) reaffirmed in the most recent quarter how important a position it plays in the changing food delivery industry.
Online food delivery firm Zomato Ltd on Thursday reported a consolidated net profit of Rs 138 crore in the third quarter ended December 31, 2023, on the back of accelerated growth of quick commerce and steady performance of its core business. The company had posted a consolidated net loss of Rs 347