Zomato’s stock has soared by nearly 260% since last April, outpacing major delivery stocks globally. Analysts are scrambling to upgrade their outlooks for the Indian company as its profitability improves. Price target upgrades for Zomato in the past year surpass those for all other stocks in Bloomberg Intelligence’s gauge of global ride-sharing and delivery peers. Several brokerages, including Citigroup and HSBC Holdings, have raised their estimates for Zomato shares in recent weeks. Analysts are revising earnings estimates from losses to profitability, with growing optimism for the company’s operations beyond restaurant meal delivery.