Posts tagged Swiggy share price target

Swiggy and Eternal will continue to dominate the food delivery business. Buy Swiggy for target price ₹500 & Eternal for target price ₹315: Nirmal Bang

We believe Swiggy and Eternal will continue to dominate the food delivery business. On the demand side of the equation, variables such as platform preferences and assortment mix are firmly in favor of the incumbents. These strengths are likely to sustain the leadership of incumbents despite the vulnerabilities that remain on the supply side of the equation. While there has been continuous innovation around assortment and delivery timelines, affordability is an area with room for further innovation but discounting is not the key

Swiggy is an asymmetric play to the upside! Buy for target price of ₹535 (50% upside): IIFL Capital

We initiate coverage on Swiggy with a BUY rating and 12-mth DCF based target price of Rs535, implying 50% potential upside. Swiggy is India’s second-largest food tech company, with Food delivery (FD), Quick commerce (QC), and other verticals. We forecast Swiggy to deliver 28% revenue Cagr over FY25-28ii and become Ebitda/PAT positive by FY27ii/28ii.

Swiggy is a crucial player in India’s hyerlocal delivery space due to its strong positioning in the duopolistic food delivery market as well as top three positioning in the fast expanding quick commerce market. Buy for target price of ₹500 (43.7% upside): JMFICS

Swiggy is a crucial player in India’s hyerlocal delivery space due to its strong positioning in the duopolistic food delivery market as well as top three positioning in the fast expanding quick commerce market. Its food delivery business is likely to continue to outperform the organised food services market due to expanding consumer use-cases and improving quantity of restaurants on the platform.

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