Bernstein Ups Zomato’s Price Target To INR 120, Says Foodtech Raising The Profitability Bar

Following Zomato’s first ever profitable quarter in Q1 FY24, brokerage Bernstein has said the foodtech major is “raising the profitability bar” and increased the price target (PT) for the stock to INR 120 from INR 100 earlier. In a research note on Tuesday (September 12), Bernstein said it believes Zomato can deliver long-term, high-teens growth […]