Zomato Share Price: Zomato shares rally 8% as JPMorgan hikes target price to Rs 340

Zomato Share Price: Zomato shares rally 8% as JPMorgan hikes target price to Rs 340

Shares of Zomato rallied 7.6% on the BSE today, reaching an intraday high of Rs 261.50, after JPMorgan raised the stock’s target price to Rs 340 from Rs 208, while maintaining an overweight rating. JPMorgan stated that Zomato is leading rapid retail consumer transformation through convenience-focused Quick Commerce. The company is expanding its presence across … Read more