
Zomato Share Price Target 2030! Zomato, which is among the top players in the delivery of food and restaurant aggregation market is experiencing a rapid increase in its market share as well as users. If you’re planning to invest into Zomato shares, you need to be aware of the company’s price fluctuations as well as growth prospects and projections for the future. This blog will go over the Zomato price targets for shares from 2024 until 2030. It will impart a thorough analysis of the company’s financial performance, market performance, and the outlook for the future.
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Zomato Quick Info
Company Name | Zomato Limited |
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Industry | Food Delivery and Restaurant Aggregation |
Headquarters | Gurugram, India |
Founded | 2008 |
CEO | Deepinder Goyal |
Market Cap | ₹2.39 lakh crore (as of Sept 2024) |
Current Share Price | ₹268.25 (as of Sept 11, 2024) |
P/E Ratio | 404.40 |
Dividend Yield | N/A |
52-Week High | ₹281.50 |
52-Week Low | ₹96.50 |
Competitors | Swiggy, Uber Eats, Deliveroo, Foodpanda |
Related read:- Alok Industries Share Price Target 2030: From 2024 To 2030
What Is Zomato?
Zomato is a multinational company that specialises in food delivery services and restaurant general. Established in 2008, the business offers options such as menus, review of restaurants from its customers as well as delivery of food to diverse cities throughout the world. In the recent past, Zomato has expanded its operations significantly, and is now an acknowledged brand within the industry of food technology.
Zomato has solidly established itself as an important provider of the food delivery industry and has been able to establish itself as a major player as well as in India and globally. Its vast client base as well as its expanding services have been the primary elements driving its expansion. The share cost of Zomato has fluctuated because of market trends and the competition within the market.
Below are the most recent data for Zomato’s stock:
- Open: Rs268.25
- High: Rs281.50
- Low: Rs268.10
- Market Capitalization: Rs2.39 lakh crore
- P/E Ratio: 404.40
- Dividend Yield: N/A
- 52-Week High: Rs281.50
- 52-Week Low: Rs96.50
Zomato’s price is predicted to increase steadily over the future due to its strong market position, the brand’s recognition, and consumption in the delivery of food. Below is a list of estimated price of shares for Zomato in 2024 through 2030:
Year | Zomato Share Price Target |
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2024 | Rs334.40 |
2025 | Rs457.49 |
2026 | Rs539.24 |
2027 | Rs622.35 |
2028 | Rs704.37 |
2029 | Rs876.17 |
2030 | Rs959.45 |
The forecasts of the price of shares suggest steady growth, fueled by Zomato’s efforts to expand and the increasing demand for online delivery of food.
It is possible to invest in Zomato shares on several different stock trading websites including:
- Zerodha
- Upstox
- Groww
- Angel One
The platforms serve as an easy experience for both novice and skilled investors. Just create an account Demat account, fund it, and then search for “Zomato” to start trading.
Peer Companies in the Food Delivery Industry
Zomato has competition from several local and international competitors within the delivery of food and restaurant aggregation markets. The main competitors are:
- Swiggy: Zomato’s largest competitor in India and Swiggy is an advantage in the market for food delivery.
- Uber Eats: Although it has left its Indian marketplace, Uber Eats still operates across several international cities.
- Deliveroo: is The most well-known name within the European and Middle Eastern food delivery sector.
- Foodpanda: A second powerful competitor that operates on numerous international markets.
Zomato’s capability to sustain its competitive advantage will greatly influence the trajectory of its stock prices.
Advantages:
- Strong market position: Zomato has an undisputed position in the delivery of the food market especially in India.
- Brand Reputation: Zomato is a well-known company, Zomato enjoys a loyal client base as well as strong brand loyalty.
- Possibilities for Growth: With The growing trend of food delivery online, Zomato is poised for more growth in the future, particularly when it opens new markets, and also introduces more products and services.
Disadvantages:
- High competition: Zomato will face tough competition from other well-established competitors such as Swiggy and giants of the world like Uber Eats and Deliveroo.
- Unpredictable Earnings: Earnings from Zomato can be unpredictable because of fluctuations in prices, demand as well as economic and operational factors.
Zomato is a great investment feature for anyone seeking to profit from the growing demand for industry of food delivery. Zomato’s dominance of its position in the Indian market, in conjunction with its plan to expand globally will position it for growth shortly. Investors must however be aware of the competitiveness and the volatility of the industry. If you’re looking to invest for the long term, Zomato’s future growth prospects make Zomato a viable choice.
Final Thought:
Zomato is an excellent opportunity for people interested in investing in the rapidly growing market for food delivery. With its place in India and plans to expand internationally, Zomato appears poised for the long-term success it has enjoyed. It’s still vital that investors remain cognizant of the market and keep track of the ups along with downturns within the market. If you want for a way to grow your business over the long term, Zomato offers some interesting opportunities for growth.
Frequently asked questions:
Q: What is Zomato Share Price Target 2030 From 2024?
Zomato’s price is predicted to increase steadily over the future due to its strong market position, and it will be become approx 957 INR.
Q. How can I buy Zomato shares?
You can buy Zomato shares through platforms like Zerodha, Upstox, Groww, and Angel One by opening a Demat account.
Q. Is it a good time to invest in Zomato?
Yes, given its growth potential and strong market position, Zomato shares offer a promising investment opportunity.