Zomato shares jump 3%, brokerages bullish but cut target price; …

According to the international brokerage firm, Zomato is a play on the growing food services industry in Indiaas well as increasing adoption of digital commerce. With only 10-11 million monthly transacting users currently, Jefferies believes that Zomato has a long run-way for customer acquisition and revenue growth, albeit … See more

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Zomato Shares Jump 3%, Brokerages Bullish But Cut Target Price; …

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financialexpress.com

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Zomato Shares Surge 3% As Brokerages See Continued …

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Oct 8, 2024 · Shares of food delivery giant Zomato were soaring by more than 3% in the exchanges on Tuesday as brokerages appeared bullish about the firm’s performance and see …

benzinga.com

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Zomato Shares Jump 3% As UBS Reaffirms Buy; Multibagger

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Sep 12, 2024 · Zomato shares price jumped over 3 percent, nearing record highs, as UBS reaffirmed a 'buy' rating with a target price of Rs 320, noting industry volume growth.

moneycontrol.com

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Zomato Shares Surge 3% As Brokerages See Continued …

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The brokerage retained its “buy” rating on the stock with a target price of ₹315. Price Action: Zomato gained 3.42% to trade at ₹275.20 on Tuesday. Read Next: India’s Top 10 Asset ...

msn.com

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Zomato Shares Jump Nearly 8% As JP Morgan Lifts Target Price To

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Sep 5, 2024 · JP Morgan's revised target price indicates a 40 percent upside from the stock's last closing price of ₹ 242 per share. The brokerage attributed its bullish outlook to Zomato's …

livemint.com

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Zomato Share Price - Zomato Stock Price Falls 3% Today As Poor …

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Jan 8, 2025 · The brokerage also slashed its target price by 18% to Rs 275, down from Rs 335, citing increased competition in the quick commerce segment. Jefferies’ revised target price …

indiatoday.in

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Zomato Share Price Tumbles 3% Today: What’s Next For Zomato …

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Jan 8, 2025 · The reasons for Zomato’s share price decline are multifaceted. One of the major catalysts for this drop was a downgrade by Jefferies, a prominent foreign brokerage. Jefferies …

qrius.com

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Brokerage Hikes Zomato Share Price Target By 35% Ahead Of Q4 …

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May 10, 2024 · Shares of Zomato have been under a bit of pressure ahead of the release of its March quarter results scheduled for May 13. In the last five days, the stock has gone down …

benzinga.com

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Zomato Shares Hit All-Time High As Brokerage Raises Price Target

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Jul 12, 2024 · Zomato‘s share price surged nearly 2% to hit a new all-time high of ₹221.31.. What Happened: The surge today comes as global brokerage firm UBS maintained its bullish stance …

benzinga.com

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Zomato Share Price Falls After Jefferies Downgrades Stock, Cuts …

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Jan 7, 2025 · At 10:33 am, Zomato's stock price was down 4.19% to Rs 253.75 on the Bombay Stock Exchange (BSE). Earlier, the shares of Zomato hit an intra-day low of Rs 251.55. Listen …

indiatoday.in

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Zomato Shares Advance 7% As CLSA Adds Stock To ‘high Conviction ...

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1 day ago · Zomato share price: CLSA has reiterated its bullish stance on Zomato, adding the stock to its "High Conviction Overweight" list and raising the target price to Rs 400 from Rs …

indiatimes.com

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Zomato Shares Jump 3% After JM Financial Reiterates ‘Buy’ Call

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16 hours ago · The brokerage gave Zomato a target price of INR 300, which implies an upside potential of almost 24% from the stock’s previous close of INR 242. Over the past 12 months, …

inc42.com

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Zomato Shares Plunge 4% As Q2 Profit Misses Street Estimates: …

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Oct 23, 2024 · The brokerage retained a “buy” rating for the stock with a slightly reduced target price of ₹310. Motilal Oswal also maintained its “buy” rating for the stock with a price target of …

benzinga.com

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Zomato, Swiggy Rally Up To 7% As Global Brokerages Remain …

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1 day ago · Global brokerage JP Morgan believes that both Swiggy and Zomato are available at attractive prices for taking positions in them. Similarly, Zomato also trimmed its day's early …

zeebiz.com

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Zomato Share Price Spikes After CLSA Target Price Raise

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1 day ago · Zomato Ltd.'s share price rose over 7% after CLSA raised its target price on the stock to Rs 400 per share, implying an upside of 64%. The brokerage firm has also added Zomato to …

ndtvprofit.com

FAQs about Zomato shares jump 3%, brokerages bullish but cut target price; … Coupon?

Is Zomato a 'buy' or 'outperform' stock?

HSBC and UBS have maintained ‘buy’ ratings on Zomato at a target price of ₹330 and ₹320, respectively. While CLSA has assigned ‘outperform’ rating at a target price of ₹370. Nuvama Institutional Equities emphasised that Zomato’s strong Q2 results were above estimates and that its growth delivery continues to surprise. ...

Why did Zomato stock fall 3%?

The ongoing slide in Zomato’s stock was triggered by a downgrade from foreign brokerage Jefferies, which changed its rating from “buy” to “hold.” Shares of food delivery giant Zomato extended their decline for the fourth consecutive session, falling over 3% in early trade on Wednesday. ...

What happened to Zomato share price?

Zomato shares have plunged nearly 36% in the past month. Zomato share price surged 3 per cent on Thursday to hit intraday high of Rs 88.15. Today’s gain follows the steep correction earlier this week when the foodtech company’s stock slumped 8 per cent on Tuesday to hit a new low of Rs 75.75, falling below the issue price of Rs 76. ...

Why did Zomato's stock go down?

The ongoing slide in Zomato’s stock was triggered by a downgrade from foreign brokerage Jefferies, which changed its rating from “buy” to “hold.” The brokerage also slashed its target price by 18% to Rs 275, down from Rs 335, citing increased competition in the quick commerce segment. ...

Is Zomato a high conviction overweight stock?

Zomato share price: CLSA has reiterated its bullish stance on Zomato, adding the stock to its "High Conviction Overweight" list and raising the target price to Rs 400 from Rs 370, indicating a 64% upside potential. ...

Is Zomato Ltd delivering multibagger returns to investors?

Shares of online food and grocery delivery platform Zomato Ltd were trading higher in Wednesday's trade. Last checked, the stock was up 2.50 per cent at Rs 262.60. At this price, it has delivered multibagger returns to investors by rallying 110.92 per cent on a year-to-date (YTD) basis. ...