Morgan Stanley sees 31% upside in Zomato, believes QC might surprise
Sat, Nov 16, 2024 10:59 AM

Morgan Stanley sees 31% upside in Zomato, believes QC might surprise

A Flip by Avya Verma
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Seeing the stock of Zomato as a potential doubler in the next 3-4 years, global brokerage firm Morgan Stanley has increased its target price to Rs 355 from an earlier Rs 278, stating that quick commerce (QC) may positively surprise the market. Morgan Stanley has an ‘overweight’ rating on the stock and the above mentioned target price indicates a 31.7% upside potential in the stock.

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