In this article, we talk about the Zomato share price target for 2024, 2025, 2030, 2040, and 2050. So if you are an investor and want to invest in Zomato shares, or you are an investor in Zomato shares, then read this article. Here we talk about the prediction of Zomato for the upcoming years.
Last update – 14/05/2024
Zomato is a company or an online service that provides or allows people to order online foods from various restaurants. Users can place orders for foods from their favorite restaurant based on ratings and reviews shared by previous customers by using the Zomato platform. This is formerly known as FoodieBay, founded in 2008 by Deepinder Goyal and Pankaj Chaddah, who worked for Bain & Company. But sometimes it transformed itself into a full-fledged food delivery company. This company is India’s multinational restaurant aggregator and food delivery company.
Zomato was founded in July 2008 by Deepinder Goyal and Pankaj Chaddah. And it was listed on the National Stock Exchange (NSE) or Bombay Stock Exchange (BSE) on July 23, 2021, and the main office of Zomato is in Gurgaon, Haryana, India. Zomato’s IPO price was around ₹75 per share. Right now, the current price of the share is ₹196. The owner of the company is Deepinder Goyal, and the co-founder of the company is Akriti Chopra. Right now, the biggest competitor to Zomato is Swiggy.
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| Founder | Deepinder Goyal |
| Founded | 2008 |
| Headquarter | Gurgaon, Haryana, India |
| Stock Exchange | Zomato |
| Industry | Online food ordering |
| Co-founder | Akriti Chopra |
| Current Price | ₹196 |
Zomato share price target 2024
The initial share price target for Zomato in 2024, it could be around ₹239 at the end of 2024.
| Month | Price Target |
| May 2024 | ₹201 |
| June 2024 | ₹208 |
| July 2024 | ₹213 |
| August 2024 | ₹217 |
| September 2024 | ₹224 |
| October 2024 | ₹229 |
| November 2024 | ₹234 |
| December 2024 | ₹239 |
Zomato share price target 2025
The initial share price target for Zomato in 2025, it could be around ₹309. Starting of the year share price could be around ₹244 and at the end of 2025 it can touch ₹310.
| Month | Price Target |
| January | ₹244 |
| February | ₹248 |
| March | ₹253 |
| April | ₹259 |
| May | ₹265 |
| June | ₹274 |
| July | ₹279 |
| August | ₹283 |
| September | ₹288 |
| October | ₹294 |
| November | ₹301 |
| December | ₹309 |
Zomato share price target 2030
The initial share price target for Zomato in 2030, it could be around ₹623. Starting of the year share price could be around ₹564 and at the end of 2025 it can touch ₹625.
| Month | Price Target |
| January | ₹564 |
| February | ₹569 |
| March | ₹573 |
| April | ₹577 |
| May | ₹584 |
| June | ₹589 |
| July | ₹592 |
| August | ₹598 |
| September | ₹604 |
| October | ₹611 |
| November | ₹617 |
| December | ₹623 |
Zomato share price target 2040
The initial share price target for Zomato in 2040, it could be around ₹1175. Starting of the year share price could be around ₹1096 and at the end of 2025 it can touch ₹1175.
| Month | Price Target |
| January | ₹1096 |
| February | ₹1104 |
| March | ₹1109 |
| April | ₹1113 |
| May | ₹1122 |
| June | ₹1128 |
| July | ₹1136 |
| August | ₹1143 |
| September | ₹1149 |
| October | ₹1156 |
| November | ₹1164 |
| December | ₹1175 |
Zomato share price target 2050
The initial share price target for Zomato in 2050, it could be around ₹1585. Starting of the year share price could be around ₹1496 and at the end of 2025 it can touch ₹1585.
| Month | Price Target |
| January | ₹1496 |
| February | ₹1504 |
| March | ₹1509 |
| April | ₹1513 |
| May | ₹1522 |
| June | ₹1528 |
| July | ₹1536 |
| August | ₹1543 |
| September | ₹1549 |
| October | ₹1566 |
| November | ₹1574 |
| December | ₹1585 |
Zomato share price target
Zomato company work with all types of restaurant to take orders from them and deliver to their customer, company supplies its products to more than 1000 Indian cities and towns through overall India.
If we talk about the fundamentals and profits of the company, then this company has great fundamentals. The company is a large-cap company with ₹ 1,71,283 Cr. market cap, 488 PE ratio, ₹23.1 book value, and ₹1.0 face value. The company gave an 208.71% return in the last year and 56.07% in the last five years; the price of the share was fall after 2021, but after one year it gave very good return.
Some more positive views of Zomato is, company is almost deft free, company have almost 0 debt. And the company’s CAGR is around 32%. These things indicate that this company is right to invest. The company is private limited company. By the end of 2020, Zomato had expanded its presence to 23 countries, with a network of 131,233 restaurants offering food delivery services. They were supported by 161,637 active delivery partners, catering to an average of 10.7 million hungry customers every month.
| Market cap | ₹ 1,71,283 Cr. |
| Stock PE | 488 |
| Stock Exchange | Zomato |
| Book Value | ₹ 23.1 |
| Dividend | |
| Price | ₹ 196 |
| CAGR | 32% |
Best Platforms to buy Zomato shares
- Zerodha (Broker)
- Upstox (Broker)
- Groww (Broker)
- Angelone (Broker)
FAQ
Is Zomato a good stock to buy?
Yes, Zomato is a good company to buy for short or long term. It can give return almost 100-200% in upcoming 2-3 years.
Will Zomato become multibagger?
According to experts, It will rise in future and become a multibagger stock in future.
Who is bigger, Zomato or Swiggy?
Reports indicate that as of the first half of 2023, Zomato held a 54% market share in the food delivery sector, maintaining its position ahead of Swiggy, which held a 46% share.
Is Zomato in the USA?
In November 2021, Zomato made the decision to discontinue its services in all countries except for India and the United Arab Emirates.
Conclusion:
I hope this article helps you understand the Zomato share price target for the future. In this article, we recommend the price target of Zomato Share for the future. We hope it helps you in your investment journey. This blog website is made to provide knowledge or predictions about the share market and other investment and trading categories.
After research, we provide you with this article: Zomato share price will increase in the future, and demand for online food orders and deliveries will increase in the upcoming years. So this is the right time to invest in Zomato shares for long-term or short-term vision, especially for long-term vision.
I hope this article helps you understand the company’s growth and share price target for the future. So, if you like this article, then do share it with your traders or investment partners or friends.
Disclaimer:
We don’t suggest you buy any shares; we are not SEBI registered. So don’t invest your money after taking advice from us. Do your personal research or analysis, then invest your money, or you can take advice from a stock market specialist.