Zomato’s stock has fallen by around 16% over the past month, prompting analysts to suggest that this could be a good buying opportunity, especially for long-term investors. According to JM Financial, the recent negative sentiment surrounding the stock presents a chance to capitalize on the dip. The stock is currently trading 21% lower than its all-time highs, primarily due to growing concerns over increased investments in Blinkit’s supply chain and heightened competition in the quick commerce sector. While these worries are valid, JM Financial believes that the impact on Blinkit’s adjusted EBITDA margin may not be significant and that the deviation from break-even targets will be limited. Additionally, the firm sees the supply chain investments as a necessary step to help Blinkit compete with emerging rivals. JM Financial maintains a target price of ₹300 for Zomato, based on a 75x multiple on its Mar’27 earnings per share. The brokerage continues to rate the stock as a “BUY” and considers Zomato one of its preferred picks in the Internet space. Similarly, global brokerage CLSA has also shown optimism about Zomato, placing it in its High Conviction O-PF list. Zomato will release its Q3FY25 earnings on January 20, with analysts watching closely after its Q2FY25 profit surged fivefold to ₹176 crore. However, the company did report a 30% drop in profit compared to Q1FY25. Despite this, its operating revenue showed strong growth, increasing by 69% YoY to ₹4,799 crore.