Zomato Share Price Expected Zomato is a food-ordering and search engine company. It has been in the industry for over 8 years now with its website and app being used by 45 million consumers every month.
Zomato share price is expected to reach $29.69 before this year ends.
The company has increased their market share from 9% to 20% from the previous year’s average. They have achieved this by opening multiple restaurants in a short span of time and keeping up with the competition of such a large market.
Zomato has recently seen a sharp decline in its share price. Obviously, the company will have to work hard on improving their financial position and reigniting investor confidence.
Zomato is an online and mobile food-ordering service, operating in India. Zomato has seen rapid surge in its share price of over 600% since the beginning of 2019. The share price has been on a slow decline in the past month due to an expected slowdown in the restaurant sector.
Zomato’s share price was down by over 10% in the last three months. This can be attributed to the lack of marketing as well as competition from UK-based delivery service Deliveroo.
The share price for Zomato has been on a downward trend since it went public. This is largely due to the fact that the company is unable to manage its finances well.
The future looks bleak for Zomato as they are expected to lose $0.00001 billion in revenue at the end of 2020, which foreshadows a much worse year ahead.
On the other hand, Zomato has generated an estimated $433 million in revenue in 2019, and had an increase of 12% in its same store sales between 2018 and 2019
Despite all this, analysts still seem optimistic about the future of Zomato as they expect them to generate $1 billion in revenue by 2022, along with significant growth over the next few years.
Zomato’s on-site was oversubscribed at $200 million. Analysts expect the company to make $3 billion in sales by 2020.
Zomato offers a service that allows users to search for places near them based on cuisine, price, and more. The company is valued at around $2 billion.
Zomato, an online platform for restaurants, announced that its IPO was successful on March 12th. Zomato is expected to get a valuation of around $2 billion.
Zomato announced the transaction with a press release, in which they mentioned that they had chosen to issue shares via the London Stock Exchange and would not go public on the New York Stock Exchange or Nasdaq due to their international presence.
The company also mentioned that their goal was to “provide an alternative path for technology start-ups in India post-IPO” and also wanted to “keep our culture of innovation and new ideas intact”. This is why Zomato decided not to go public and instead chose to keep its company semi-private by issuing shares through a private.
Zomato Limited Stock Price Forecast for 2022
|April 2022||75.068||67.829||67.829||75.457||-10.67 %▼|
|May 2022||67.408||60.979||60.169||68.218||-10.54 %▼|
|June 2022||60.840||53.476||52.930||60.840||-13.77 %▼|
|July 2022||51.541||44.303||44.303||51.931||-16.34 %▼|
|August 2022||43.881||37.313||36.642||44.692||-17.6 %▼|
|September 2022||37.188||28.015||28.015||37.188||-32.74 %▼|
|October 2022||27.594||20.355||20.355||28.405||-35.56 %▼|
|November 2022||21.166||13.787||13.116||21.166||-53.52 %▼|
|December 2022||13.662||4.489||4.489||13.662||-204.36 %▼|
Zomato Limited Stock Price Forecast for 2023
|January 2023||4.068||0.0995||0.0995||4.878||-3987.22 %▼|
|February 2023||0.0746||0.000316||0.000316||0.0746||-23550.28 %▼|
|March 2023||0.000237||0.000000422||0.000000422||0.000237||-55959.8 %▼|
|April 2023||0.000000317||0.000000001||0.000000001||0.000000317||-23550.28 %▼|
|May 2023||0.000000001||0.000000000002||0.000000000002||0.000000001||-55959.53 %▼|
|June 2023||0.000000000001||0.000001||0.000001||0.000000000001||-41944.85 %▼|
|July 2023||0.000001||0.000001||0.000001||0.000001||-31433.69 %▼|
|August 2023||0.000001||0.000001||0.000001||0.000001||-55959.8 %▼|
|September 2023||0.000001||0.000001||0.000001||0.000001||-31433.72 %▼|
|October 2023||0.000001||0.000001||0.000001||0.000001||-41944.84 %▼|
|November 2023||0.000001||0.000001||0.000001||0.000001||-41944.92 %▼|
|December 2023||0.000001||0.000001||0.000001||0.000001||-31433.72 %▼|
Zomato Limited Stock Price Forecast for 2024
|January 2024||0.000001||0.000001||0.000001||0.000001||-55959.96 %▼|
|February 2024||0.000001||0.000001||0.000001||0.000001||-31433.76 %▼|
|March 2024||0.000001||0.000001||0.000001||0.000001||-31433.59 %▼|
|April 2024||0.000001||0.000001||0.000001||0.000001||-41947.53 %▼|
|May 2024||0.000001||0.000001||0.000001||0.000001||-66000.05 %▼|
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