In this post, we are going to analyze the Zomato Share Price Target 2022 2023 2025 2030 by doing Fundamental and Technical Analyses. First, we will get to know what Zomato company is all about.
Zomato was launched in 2010 and is a platform connecting customers, delivery partners, and restaurant partners, serving their multiple needs. Zomato’s competitors are Swiggy and other food delivery brands. If you want to invest in Zomato, then you must do a deep analysis of the business model of Zomato as it is High Risk and High Return business model.
Let us Understand the Business Model of Zomato
Business Model of Zomato
Zomato started life as FoodieBay, an online restaurant directory. Besides discovery and food delivery, they have dabbled in areas like live events, restaurant reservations, and loyalty programs.
As one of the main attractions of the Indian startup ecosystem, Zomato is well-known throughout the country and has also made inroads into various international markets over the years.
Foodtech Unicorn was founded by Deepinder Goyal and Pankaj Chadha when the former was working at Bain & Company and it became difficult to find the right restaurant menu when it came to meals. Sometimes, businessman Goyal would start clicking on menu images and sharing them with his associates to make ordering easier. Not only did this lead to ordering lunches, it also opened up a new business for Goyal.
Chaddha came on board to help Goyal launch Foodibay in 2008, which allows users to browse restaurant menus and review properties. Today, more than a decade later, the company has added components to its business, such as online food ordering, restaurant reservations and loyalty programs, restaurant enablement, consulting services and much more.
In recent years, Zomato has gone through several ups and downs and is keeping in line with rival Swiggy in the online food ordering segment. From fundraising from big investors to the departure of chaddhas, Zomato has stayed in the public eye even as business boomed and funding kept pouring in.
The company has strengthened its presence in Tier 2/3/4 markets with its expansion over the past year, but at the same time has been embroiled in a long-running battle with restaurants to change their ways of happy discounting. Whether this has a profound impact on Zomato’s overall business remains to be seen, but the fact is that Zomato has opened up many more revenue channels through the diversification of its business model.
- Restaurant Listing / Advertising
- food delivery
- membership program
- live broadcast of events
- white label access
- Zomato kitchen
So how does Zomato make money and what is the company’s business model? In a nutshell, Zomato has avoided putting all its eggs in one basket and has divided its resources into multiple business segments.
Zomato Share Price Target 2022 2023 2025 2030
Now we will understand the Zomato Share Price Target 2022 2023 2025 2030 by Fundamental and Technical Analyses.
Fundamental Analyses of Zomato Share Price Target 2022 2023 2025 2030
At the time of writing on 23/10/2022, check the main fundamental points of Zomato Share given below:
- Market Cap: The market cap is Rs. 51,517 Cr.
- Number of shareholders: 15.5L
- PE is: -42.62
- CAGR: 14.7%
Technical Analysis of Zomato Share Price Target 2022 2023 2025 2030
As we all know, Zomato made a debut on the share market on 23rd July. At that time, it opened at a price of 116. It made a lifetime high of 169 and a low of 40.60.
Zomato Share Price Target 2022
The analysis for Zomato Share Price Target 2022 is given below:
As the 2022 year is about to end and the stock seems to be in the consolidation zone from the last three months. Remember, before any stock goes upside or downside, any news or institutional activity should be there. It begins with the consolidation zone. So, it seems that the stock is ready to move in upside and can give momentum very soon.
chart courtesy Tradingview.com
The Zomato Share Price Target 2022 is 65. If it crosses, 65 then the next target would be 72.
Zomato Share Price Target 2023
To predict the Zomato Share Price Target 2023, we do a higher frame analysis that is weekly and monthly. It seems that Zomato Share Price Target for 2023 is around 80 and 90.
Zomato Share Price Target 2025
Zomato Share Price Target for 2023 is around 170.
Zomato Share Price Target 2030
Zomato Share Price Target for 2023 is around 450.
Table of Zomato Share Price Target 2022 2023 2025 2030
|Zomato Target Price for Long Term|
|First Target (2022)||₹65|
|First Target (2023)||₹80|
|First Target (2025)||₹122|
|First Target (2030)||₹400|
Is Zomato Profitable?
Right now it is not profitable but the company is doing its best in its segment.
Is Zomato good for the long term?
At this moment, we know that people used to order online and Zomato is one of the best services to deliver food at home. So, it might possible that the company will have good growth in the long term.
What is the target price of Zomato share?
The targets depend on the market conditions and sentiments in the market. But still, we have done some analysis to predict the share price in near future by considering ideal conditions. The Zomato Share Price Target 2022 is 65. If it crosses, 65 then the next target would be 72. To predict the Zomato Share Price Target 2023, we do a higher frame analysis that is weekly and monthly. It seems that Zomato Share Price Target for 2023 is around 80 and 90.
What will be the share price of Zomato after 5 years?
Zomato Share Price Target for 5 years is around 250.