UBS raises Zomato's share price target to Rs 320, maintaining a 'buy' recommendation.

Global brokerage UBS raised Zomato's share price target to Rs 320 from Rs 260, maintaining a 'buy' recommendation. The increase follows Zomato's strong Q1 performance and solid guidance for revenue growth, with the company posting a 74% growth in revenue year-on-year and a 126% increase in net profit in Q1 FY25. Zomato's shares hit an all-time high of Rs 280 following the update.

August 19, 2024
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