Nomura Raises Target Price for CarTrade Tech Following Financial Growth
What happened
Nomura raised its target price for CarTrade Tech Limited to Rs 3,377 from Rs 3,340. The company reported revenue from operations of Rs 213 crore, a 10% increase from the previous year, and EBITDA grew 20% to Rs 76 crore. Analysts noted that CarTrade Tech attracted 76 million average monthly unique visitors in Q2FY27.
From indiatimes.com
Why it matters
The upgrade reflects expectations that CarTrade Tech’s consumer business will improve in the second half of FY27 and FY28, supported by easing demand and increased new car launches. Nomura also sees significant medium-term growth potential in OLX as its monetization initiatives gain traction.
From indiatimes.com
Who's involved
- NomuraBrokerage firm that raised the target price for CarTrade Tech Limited
- William HillCompany whose financial performance was cited in the report
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.
- William HillSpeculative
The company might see increased investment interest due to the raised valuation and positive growth outlook.
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The entities involved
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Nomura
corporation in Japan
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