Jefferies Downgrades Zomato To 'hold', Cuts Price Target By 18% As Quick Commerce Competition Heats Up

Jefferies downgrades Zomato to ‘hold’, cuts price target by 18% as quick commerce competition heats up

Jefferies Downgrades Zomato to ‘Hold’: Rising Competition and Stock Surge in 2024 a Concern Global brokerage firm Jefferies has shifted its stance on Zomato, downgrading the stock to a “hold” rating. The decision comes after Zomato’s shares more than doubled in 2024, leading analysts to believe 2025 might be a year of consolidation for the…

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