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Broker call▲ Bullish for Eternal
Goldman Sachs sees Eternal achieving $1 billion EBITDA by FY29; raises target price
The brief
- Goldman Sachs raised its target price by 11% to Rs 385 and maintained a Buy rating
- Eternal is forecast to reach $1 billion EBITDA by FY29
- The bullish outlook supports Eternal shares and investor expectations for India’s food-delivery and e-commerce sectors
- FSSAI crackdown puts food safety on hiring menu
- Amazon wades into India’s fast delivery battleground: ‘DoorDash on steroids’