Goldman Sachs sees Eternal achieving $1 billion EBITDA by FY29; raises target price
A quarterly results development with market-wide reach.
· Economic Times Markets, ET Stocks
Goldman Sachs maintained a Buy rating on Eternal, formerly Zomato, raising its target price by 11% to Rs 385. The brokerage foresees Eternal hitting $1 billion EBITDA by FY29, driven by Blinkit's robust growth and steady-state margin expansion alongside stabilising competitive intensity in quick commerce.
Key facts
- Period
- FY29
The analysis
Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
Market context
- The immediate tone of coverage reads positive.
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