Analysts racing to catch up with world’s top delivery stock

Zomato has outperformed all other companies in a Bloomberg Intelligence index of global ride sharing and delivery peers in terms of price target upgrades over the past year. Recently, several brokerages, including "Citigroup Inc and HSBC Holdings Plc," have raised their estimates for the stock. The shares of Zomato have skyrocketed by nearly 260% since April of the previous year, making it challenging for consensus to keep pace.