Price target upgrades for Zomato in the past 12 months exceed those for all other stocks in a Bloomberg Intelligence gauge of global ride sharing and delivery peers. At least five brokerages have lifted their estimates for the shares in just the past few weeks, including Citigroup and HSBC Holdings.
The nearly 260% surge in Zomato since last April has made it difficult for consensus to keep up, but expectations continue to rise.
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