Jefferies Bullish On Zomato’s ‘District’ App, Projects 17% Upside

by · Inc42

SUMMARY

  • This ‘District’ app enables customers to discover and reserve tables at restaurants while also booking tickets for movies, sports, live performances, among other events
  • Explaining its optimism for Zomato, Jefferies cited new use cases emerging from Zomato's going-out venture, starting with dining out and ticketing
  • It gave a price target of INR 335 to Zomato’ shares, an upside of 17.09% from the previous close price of INR 286.10