ZOMATO

ZOMATO 

27.12.2022 - Kotak Instl on Zomato Maintain Buy CMP 53.9 Target 85
29.11.2022 - MS on Zomato Maintain Overweight CMP 63.35 Target 92
22.11.2022 - CS on Zomato Maintain Outperform CMP 63.45 Target 100
21.11.2022 - Jefferies on Zomato Maintain Buy CMP 64.25 Target 100
14.11.2022 - Jefferies on Zomato Maintain Buy CMP 69.35 Target 100
11.11.2022 - Jefferies on Zomato Maintain Buy CMP 72.65 Target 100
11.11.2022 - MS on Zomato Maintain Overweight CMP 72.65 Target 80
11.11.2022 - BOFA on Zomato Maintain Neutral CMP 72.65 Target 67
11.11.2022 - GS on Zomato Maintain Buy CMP 72.65 Target 100
11.11.2022 - CITI on Zomato Maintain Buy CMP 72.65 Target 85
04.10.2022 - BOFA on Zomato Maintain Neutral CMP 63.9 Target 67
22.09.2022 - HSBC on Zomato Maintain Buy CMP 63.45 Target 85
21.09.2022 - Jefferies on Zomato Maintain Buy CMP 62.65 Target 100
22.08.2022 - Nomura on Zomato Maintain Reduce CMP 63.95 Target 50
02.08.2022 - MS on Zomato Maintain Overweight CMP 55.55 Target 80
02.08.2022 - CS on Zomato Maintain Buy CMP 55.55 Target 100
27.07.2022 - CS on Zomato Maintain Outperform CMP 43.95 Target 90
28.06.2022 - JpMorgan on Zomato Maintain Overweight CMP 60.55 Target 115
27.06.2022 - CLSA on Zomato Maintain Buy CMP 65.85 Target 90
27.06.2022 - CS on Zomato Maintain Outperform CMP 65.85 Target 90
27.06.2022 - BOFA on Zomato Maintain Neutral CMP 65.85 Target 82
27.06.2022 - UBS on Zomato Maintain Buy CMP 65.85 Target 95
14.06.2022 - Macquarie on Zomato Maintain Underperform CMP 67 Target 55
24.05.2022 - UBS on Zomato Maintain Buy CMP 57 Target 130
24.05.2022 - JpMorgan on Zomato Maintain Overweight CMP 57 Target 130
24.05.2022 - CITI on Zomato Maintain Buy CMP 57 Target 80
24.05.2022 - MS on Zomato Maintain Overweight CMP 57 Target 135
16.03.2022 - CITI on Zomato Maintain Buy CMP 76 Target 118
11.02.2022 - MS on Zomato Maintain Overweight CMP 94 Target 150
11.02.2022 - CS on Zomato Maintain Overweight CMP 94 Target 120
11.02.2022 - BOFA on Zomato Maintain Buy CMP 94 Target 115

JPMORGAN ON ZOMATO : 24.03.2022

* Hosted Zomato CFO Akshant Goyal in a fireside chat
* Zomato is seeing corporate lunch orders returning from March

• AOVS are staying sticky

• Increasing frequency is likely to be the primary growth driver in medium term

• Rising frequency among existing users alone can expand the business by 5x

• Quick commerce can leverage food delivery network
* Enjoys visible medium-term margin drivers

GOLDMAN SACHS ON ZOMATO - 30.08.2021

Initiate on Zomato with BUY, Target at Rs 180/share
Zomato has captured half of India's online food delivery market
Zomato is well-positioned to grow its share
Forecast GOV/revenues for Zomato to grow 11x/13x6 from FY21 levels
Expertise in food delivery will help Zomato enter and expand 

Expect Zomato to be EBITDA profitable by FY24E

MORGAN STANLEY ON ZOMATO - 30.08.2021

• Initiate with Equal-Weight, Target at Rs 140/share

* Zomato has strong business moats 

* Risk-reward as balanced at the current stock price

* Food-tech is an attractive business opportunity 

* India's online food delivery market is at an early stage of penetration

* Underlying restaurant market is fragmented 

• Market structure is favorable and consolidated

 JEFFERIES ON ZOMATO  - 18.08.2021

• Zomato has forayed into the grocery space in cities incl.
  Mumbai & Delhi
• Interesting development in context of formal exit last year
• Zomato's offering is similar to Swiggy's instant delivery
• Grocery is an attractive market but is fiercely competitive 

• Zomato is set to pick up c.10% stake in Grofers