Welcome back to a new price prediction article of Zomato Share Price Target. In this article, you will read Zomato share price target for 2022, 2023, 2024, 2025, 2030, 2040, and 2050. In addition, this article has addressed most of the frequently asked questions about Zomato share price.
What is Zomato?
Table of Contents
Zomato is an Indian multinational food delivery company founded by Pankaj Chaddah and Deepinder Goyal in July 2008. The headquarters of the company is in Gurgaon, Haryana, India. This company works to deliver food to your homes from your favourite nearest restaurant.
Even though this service is currently available only in big cities, we can expect it to reach the maximum number of countries in the next few years, considering its increasing popularity. Apart from delivering food, Zomato does a lot of other work.
It also provides information, food menus, and user reviews. As of 2022, the company provides service in 24 countries and over 10,000 cities.
The purpose of this article is to provide you with helpful information. So be sure to read the entire article without missing a single paragraph.
You may also know about the business model of a popular food delivery company, Doordash.
Zomato Ltd Overview:
| Company Name | ZOMATO LTD. |
| Founder | Pankaj Chaddah and Deepinder Goyal |
| Founded in | 2008, India |
| Headquarters | Gurgaon, Haryana, India |
| Area Served | Worldwide |
| Market Cap | 580.23B INR |
| Primary Exchange | NSE, BSE |
| Website | www.zomato.com |
Zomato Share Price Target 2022 To 2030
After a complete analysis, we have created a table of share price targets for the upcoming years. Here you may check the overview.
| YEAR | MINIMUM PRICE (INR) | MAXIMUM PRICE (INR) | AVERAGE PRICE (INR) |
| 2022 | ₹60 | ₹75 | ₹67 |
| 2023 | ₹76 | ₹110 | ₹92 |
| 2024 | ₹112 | ₹150 | ₹125 |
| 2025 | ₹155 | ₹205 | ₹180 |
| 2026 | ₹207 | ₹300 | ₹255 |
| 2027 | ₹302 | ₹345 | ₹322 |
| 2028 | ₹347 | ₹415 | ₹385 |
| 2029 | ₹417 | ₹540 | ₹477 |
| 2030 | ₹544 | ₹605 | ₹575 |
Continue reading for more information…
Zomato Share Price Live Chart | Zomato Current Market Price
Credits: TradingView
Zomato Share Price Target 2022
The company launched its share with the price of 126 INR on July 23, 2021. On November 15, 2022, the price of Zomato shares was 69.75 INR, according to Google Finance. It means the share price has dropped down to 44.64%.
| YEAR | MINIMUM PRICE (INR) | MAXIMUM PRICE (INR) | AVERAGE PRICE (INR) |
| 2022 | ₹60 | ₹75 | ₹67 |
According to our prediction, Zomato share price target will be ₹75. If the market falls again, the price may hit the lower target of ₹60.
According to last month’s graph (October 17, 2022, To November 15, 2022), the price of Zomato shares is gradually increasing.
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Zomato Share Price Target 2023
Zomato is expected to be the major player in the near future, based on the current market sentiment and the activity of people ordering food online from restaurants at home. It will be difficult for the other companies to compete with Zomato’s brand value in this highly competitive market.
| YEAR | MINIMUM PRICE (INR) | MAXIMUM PRICE (INR) | AVERAGE PRICE (INR) |
| 2023 | ₹76 | ₹110 | ₹92 |
According to technical analysts, Zomato share price prediction for 2023 will be 110 INR. Its minimum price will be 76 INR with an average price of 92 INR.
For more analysis, you may watch this informative video of Aditya Vora (Research Analyst) regarding Zomato Share Analysis.
Credits: @Equitymaster | YouTube
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Zomato Share Price Target 2024
Zomato is a multinational company, and its services are available in 24 countries. There is a possibility that Zomato will also be adopted in other countries. The more countries adopt a company, the more its brand value will increase.
| YEAR | MINIMUM PRICE (INR) | MAXIMUM PRICE (INR) | AVERAGE PRICE (INR) |
| 2024 | ₹112 | ₹150 | ₹125 |
According to our analysis, Zomato share price for 2024 will be 150 INR. The price may hit the lower range of 112 INR in a bear market.
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Zomato Share Price Target 2025
According to some technical experts, 2025 will be an excellent year for Zomato Ltd. The share price target for 2025 will be 205 INR.
| YEAR | MINIMUM PRICE (INR) | MAXIMUM PRICE (INR) | AVERAGE PRICE (INR) |
| 2025 | ₹155 | ₹205 | ₹180 |
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Zomato Share Price Target 2026
Previously, Zomato raised over 250 million dollars from prominent investors, including Tiger Global Management, LLC, at a massive valuation of 5.4 billion dollars.
| YEAR | MINIMUM PRICE (INR) | MAXIMUM PRICE (INR) | AVERAGE PRICE (INR) |
| 2026 | ₹207 | ₹300 | ₹255 |
Zomato share price target for 2026 will be 207 INR (Minimum Range) and 300 INR (Maximum Range), with an average range of 255 INR.
Zomato Share Price Target 2027
Zomato has become a big name in the field of food delivery company. It has strong management that smoothly operates the company.
| YEAR | MINIMUM PRICE (INR) | MAXIMUM PRICE (INR) | AVERAGE PRICE (INR) |
| 2027 | ₹302 | ₹345 | ₹322 |
According to our research, Zomato share will hit the target of 345 INR by the end of 2027.
Zomato Share Price Target 2028
Over 5000 employees are working in Zomato worldwide. Due to its excellent services, the number of customers of Zomato is rapidly increasing.
| YEAR | MINIMUM PRICE (INR) | MAXIMUM PRICE (INR) | AVERAGE PRICE (INR) |
| 2028 | ₹347 | ₹415 | ₹385 |
The price target of Zomato for 2028 will be 415 INR. The minimum and average prices will be 347 INR and 385 INR, respectively.
Zomato Share Price Target 2029
The fundamentals of Zomato Ltd are strong, and the share price chart shows a positive trend to move upward.
| YEAR | MINIMUM PRICE (INR) | MAXIMUM PRICE (INR) | AVERAGE PRICE (INR) |
| 2029 | ₹417 | ₹540 | ₹477 |
The price target of Zomato for 2029 will be 540 INR. Its minimum price in a bear market will be 417 INR.
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Zomato Share Price Target 2030
Trying to predict the price of a share before eight to ten years is very difficult. After some analysis and past experiences, we have devised a prediction of Zomato share price for 2030.
According to our analysis, Zomato share price target for 2030 will be 605 INR with an average range of 575 INR. During poor market conditions, the share price may decrease up to 544 INR.
| YEAR | MINIMUM PRICE (INR) | MAXIMUM PRICE (INR) | AVERAGE PRICE (INR) |
| 2030 | ₹544 | ₹605 | ₹575 |
Note: Here are Zomato’s price targets for your reference. If the market conditions are good, the company will be able to achieve these goals. However, if the market falls, the data will not be accurate.
Frequently Asking Questions
What is the target price for Zomato?
According to some technical and fundamental analysis, the target price for Zomato is 110 INR for 2023.
Is Zomato suitable for the long term?
In terms of Zomato Ltd. brand value and market capitalization, its share will be best for long-term investments.
Why Zomato share is falling today?
During the pandemic, there was high volatility in the stock market, and people avoided delivering food from Zomato due to fear. Due to that reason, the price dropped by a percent.
Can I buy Zomato shares today?
The answer is yes; you can buy Zomato shares today by opening a demate account with any share market exchange. It is a good buy and can give profit in the near future.
Will Zomato rise again?
Zomato is India’s leading food delivery company. In the last six months, the company has shown tremendous growth. Therefore, we expect Zomato’s share to rise and break all records in the future.
Will Zomato stock go up tomorrow?
The share price target of Zomato is ₹55.89 on the downside and ₹61.50, ₹62.79, and 63.49 on the upside.
Conclusion:
In this article, you have learned about Zomato share price target for 2022, 2023, 2024, 2025, and 2030. There is always a financial risk associated with investments in stocks or shares. Before making any investment, make sure you conduct your own research.
Thanks.
