JP Morgan Boosts Zomato Target Price by 40%

The news of JP Morgan raising its target price on Zomato to Rs 340 per share is indeed significant.

  • It’s important to assess Zomato’s recent performance and future growth prospects to understand the rationale behind JP Morgan’s target price increase.
  • Factors such as revenue growth, user acquisition, and profitability will be crucial in determining the company’s long-term success.
  • The target price increase of 40% suggests that JP Morgan believes Zomato is undervalued at its current market price.
  • This could be due to various factors, such as the company’s growth potential, improving financials, or positive market sentiment.