Foreign Brokerage Raises Target Price and Estimates for Meesho
What happened
A foreign brokerage maintained its 'buy' rating on Meesho and raised its target price to Rs 260 from Rs 210. The brokerage also raised its net merchandise value (NMV) estimates for Meesho for fiscal years 2029 through 2031 by 7% to 18%, alongside increases in contribution profit estimates. EBITDA estimates for the company were raised by 20% to 40% for the period.
Why it matters
The brokerage attributed the higher NMV estimates to the continued expansion of Meesho's buyer and seller ecosystems, along with rapid growth in stock-keeping units and logistics partners. The firm expects Meesho's earnings to grow faster than NMV in the medium term, supported by improvements in advertising monetization and logistics economics.
Who's involved
- MeeshoIndian social commerce platform whose valuation was assessed by the foreign brokerage.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- JapanSpeculative
The value of the stake held by Japan might increase due to Meesho's successful market performance.
- Kuwait Investment AuthoritySpeculative
The value of the stake purchased by Kuwait Investment Authority might increase.
Keep exploring
The entities involved
-
Meesho
Indian Origin social commerce platform