Motilal Oswal reiterates Buy on Eternal, sees up to 34% upside with Rs 380 target
Motilal Oswal keeps 'Buy' on Eternal (parent of Zomato and Blinkit), citing improving unit economics across food delivery and quick commerce. Brokerage models ~20% GOV growth over FY27-28 and a path to $1 billion adjusted Ebitda by FY29, valuing the stock at 35x EV/Ebitda.
Motilal Oswal reiterates 'Buy' on Eternal with Rs 380 target (34% upside), bullish on Zomato food delivery and Blinkit quick commerce, citing improving unit economics and path to $1 billion adjusted Ebitda by FY29.