Zomato Share Price Target 2023, 2024, 2025, 2026 upto 2030
Zomato, one of India’s leading online food delivery platforms, has been a hot topic in the stock market since its IPO. Investors are constantly searching for insights into the Zomato share price target 2023, trying to gauge the potential growth or risks involved. With its innovative business model and consistent expansion, Zomato has drawn both retail and institutional investors. This article explores the factors influencing Zomato’s stock performance, market trends, and what experts anticipate for 2023.
Zomato’s Journey in the Stock Market
Zomato’s initial public offering (IPO) in July 2021 was a landmark event for the Indian stock market. The IPO was oversubscribed multiple times, reflecting strong investor interest in the company. After its listing, Zomato’s share price showed a mix of volatility and growth, sparking discussions about the Zomato share price target 2023 among analysts and investors.
As of late 2024, the stock has recovered significantly from its earlier lows, trading close to its 52-week high. This performance has renewed optimism, with investors keenly focusing on the Zomato share price target 2023 to understand its growth potential. Amid a dynamic market environment, the Zomato share price target 2023 remains a critical indicator for those seeking steady returns and long-term opportunities in the food-tech sector.
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Factors Influencing Zomato’s Share Price
Several factors play a significant role in determining Zomato’s share price. These include its financial performance, market competition, regulatory developments, and broader economic trends.
Revenue Growth: Zomato has been showing consistent growth in revenue year-over-year. In 2024, its revenue increased by over 40%, signaling strong demand for its services. If this trend continues, it could positively impact the Zomato share price target 2023.
Profitability Challenges: Despite revenue growth, Zomato has struggled with profitability. High operating costs, competitive discounts, and marketing expenses have kept its profit margins under pressure. Investors are keen to see if 2023 will mark a turnaround.
Competition: Zomato faces stiff competition from Swiggy, Zepto, and other players in the food delivery and quick-commerce space. Market share battles can significantly influence Zomato’s valuation in 2023.
Government Policies: Tax regulations, such as the recent GST notice of ₹803.4 crore, can create hurdles for Zomato. Investors must watch how the company navigates these challenges in 2023.
Expert Predictions for Zomato Share Price in 2023
Stock analysts have diverse views on the Zomato share price target 2023. While some are optimistic about the company’s growth prospects, others remain cautious due to its high valuation.
| Analyst | Recommendation | Target Price (2023) |
|---|---|---|
| ICICI Securities | Buy | ₹300 |
| Motilal Oswal | Buy | ₹320 |
| Geojit Financial | Buy | ₹284 |
These predictions indicate a potential upside for Zomato’s stock in 2023. However, investors should remain mindful of market fluctuations and external risks.
Market Trends and Seasonal Insights
December is often a pivotal month for Zomato due to increased food orders during the holiday season. Historically, Zomato has delivered positive returns in December in two out of the last four years, reinforcing investor interest in the Zomato share price target 2023. This seasonality suggests that demand surges during festivals can have a notable influence on the stock’s short-term performance.
While this trend may not directly determine the Zomato share price target 2023, it highlights the significant impact of consumer behavior on the company’s earnings and overall market sentiment. Investors closely monitor such seasonal patterns as they assess the Zomato share price target 2023 for potential gains during key festive months.
Financial Overview of Zomato
Zomato’s financial performance is a crucial factor for investors. As of 2024, the company reported the following key metrics:
| Financial Metric | Value | Change (YoY) |
|---|---|---|
| Revenue (₹ Cr) | 6,622 | +40% |
| Net Profit (₹ Cr) | 1,371 | +83% |
| Earnings Per Share (EPS) | ₹1.73 | +83% |
The company has shown significant improvements in earnings per share (EPS) and revenue, which could positively impact the Zomato share price target 2023. However, its high price-to-earnings (PE) ratio of 170.03 suggests that the stock remains expensive compared to peers.
Competitive Analysis
Zomato operates in a highly competitive industry. Its closest rival, Swiggy, has been expanding aggressively into quick commerce and live events. This competitive pressure could influence Zomato’s market share and valuation.
| Company | Market Cap (₹ Cr) | Revenue (₹ Cr) | Net Profit (₹ Cr) |
|---|---|---|---|
| Zomato | 283,865 | 6,622 | 1,371 |
| Swiggy | 133,490 | 11,247 | -2,343 |
The table highlights Zomato’s profitability advantage over Swiggy despite lower revenue. This strength could help Zomato achieve its 2023 growth targets.
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Key Challenges Ahead
Although Zomato has significant growth potential, it faces several challenges:
Regulatory Hurdles: The recent GST notice indicates potential financial liabilities.
Dependence on Discounts: To attract customers, Zomato often relies on discounts, which can hurt profitability.
High Valuation: A PE ratio of 170.03 raises concerns about whether the stock is overvalued.
Investors must weigh these risks when considering the Zomato share price target 2023.
Zomato Share Price Target 2023 (Monthly Breakdown)
| Month | Low Estimate (₹) | High Estimate (₹) | Average Target (₹) |
|---|---|---|---|
| January 2023 | 210 | 230 | 220 |
| February 2023 | 215 | 235 | 225 |
| March 2023 | 220 | 240 | 230 |
| April 2023 | 225 | 245 | 235 |
| May 2023 | 230 | 250 | 240 |
| June 2023 | 235 | 255 | 245 |
| July 2023 | 240 | 260 | 250 |
| August 2023 | 245 | 265 | 255 |
| September 2023 | 250 | 270 | 260 |
| October 2023 | 255 | 275 | 265 |
| November 2023 | 260 | 280 | 270 |
| December 2023 | 265 | 285 | 275 |
Is Zomato a Good Buy for 2023?
Zomato’s stock has shown resilience despite challenges, and many analysts remain optimistic about its growth trajectory. Its focus on new verticals, such as quick commerce and premium dining experiences, could open new revenue streams in 2023.
However, investors should adopt a balanced approach, considering both the opportunities and risks. Diversifying investments and staying updated on Zomato’s quarterly results can help in making informed decisions.
Zomato Share Price Target 2024
| Quarter | Low Estimate (₹) | High Estimate (₹) | Average Target (₹) |
|---|---|---|---|
| Q1 2024 | 270 | 290 | 280 |
| Q2 2024 | 280 | 310 | 295 |
| Q3 2024 | 290 | 320 | 305 |
| Q4 2024 | 300 | 330 | 315 |
Zomato Share Price Target 2025
| Quarter | Low Estimate (₹) | High Estimate (₹) | Average Target (₹) |
|---|---|---|---|
| Q1 2025 | 320 | 350 | 335 |
| Q2 2025 | 330 | 370 | 350 |
| Q3 2025 | 340 | 380 | 360 |
| Q4 2025 | 350 | 400 | 375 |
Zomato Share Price Target 2026
| Quarter | Low Estimate (₹) | High Estimate (₹) | Average Target (₹) |
|---|---|---|---|
| Q1 2026 | 370 | 410 | 390 |
| Q2 2026 | 380 | 430 | 405 |
| Q3 2026 | 400 | 450 | 425 |
| Q4 2026 | 420 | 470 | 445 |
Zomato Share Price Target 2027
| Quarter | Low Estimate (₹) | High Estimate (₹) | Average Target (₹) |
|---|---|---|---|
| Q1 2027 | 440 | 490 | 465 |
| Q2 2027 | 460 | 510 | 485 |
| Q3 2027 | 480 | 530 | 505 |
| Q4 2027 | 500 | 550 | 525 |
Zomato Share Price Target 2028
| Quarter | Low Estimate (₹) | High Estimate (₹) | Average Target (₹) |
|---|---|---|---|
| Q1 2028 | 520 | 570 | 545 |
| Q2 2028 | 540 | 590 | 565 |
| Q3 2028 | 560 | 610 | 585 |
| Q4 2028 | 580 | 630 | 605 |
Zomato Share Price Target 2029
| Quarter | Low Estimate (₹) | High Estimate (₹) | Average Target (₹) |
|---|---|---|---|
| Q1 2029 | 600 | 650 | 625 |
| Q2 2029 | 620 | 670 | 645 |
| Q3 2029 | 640 | 690 | 665 |
| Q4 2029 | 660 | 710 | 685 |
Zomato Share Price Target 2030
| Quarter | Low Estimate (₹) | High Estimate (₹) | Average Target (₹) |
|---|---|---|---|
| Q1 2030 | 680 | 740 | 710 |
| Q2 2030 | 700 | 760 | 730 |
| Q3 2030 | 720 | 780 | 750 |
| Q4 2030 | 740 | 800 | 770 |
Conclusion
The Zomato share price target 2023 offers a glimpse into the company’s potential, shaped by its market strategy, financial performance, and competitive positioning. While there is optimism around Zomato’s ability to deliver strong returns, the stock’s high valuation and external challenges demand caution. For investors, closely monitoring Zomato’s updates and expert recommendations can be the key to navigating the stock market in 2023.