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.
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.
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