Zomato share wholesale: BofA reduced target, is it still worth buying **Meta Description:** Zomato stock fell 5%, BofA reduced the rating to ‘neutral’. Know why the target price was reduced and what is the future outlook? Zomato share wholesale: BofA reduced target, is it still worth buying Decline Zomato stock fell 5% today, reaching ₹199.90. BofA Securities has downgraded the stock. Rating BofA has downgraded Zomato’s rating from ‘buy’ to ‘neutral’. Also, the target price was reduced from ₹300 to ₹250. Reasons BofA has downgraded Zomato due to profitability concerns in the quick commerce and food delivery segments. Outlook According to BofA, Zomato’s EBITDA in FY26 and FY27 may be 20-50% lower than Street expectations. Impact Slowing food delivery growth and widening losses at Quick Commerce have put pressure on Zomato’s stock. Swiggy BofA has also downgraded Swiggy to ‘underperform’ from ‘buy’. Its target price was cut to ₹325 from ₹420. Disadvantages Margins of both Zomato and Swiggy are under pressure due to rising competition and losses at Quick Commerce. Future BofA believes that it will take time for Zomato and Swiggy to achieve profitability. Investors Investors should carefully understand the brokerage reports and risk factors before buying Zomato and Swiggy shares. Vigilance Be cautious during market fluctuations and take investment decisions only after consulting experts. **Keywords:** Zomato share price, Zomato stock downgrade, BofA Zomato report, Swiggy stock price, quick commerce losses, food delivery growth, stock market news, Indian startups, IPO stocks, share market tips
March 30, 2025 - 7:27 PM
