UBS Raises Target Price on Meesho Stock to Rs 260
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What happened
UBS raised its target price on Meesho stock to Rs 260 per share, maintaining a 'Buy' rating on the company. The increase was based on higher medium-term growth estimates for Meesho, including a 7-18% increase in FY29-31 Net Merchandise Value (NMV) estimates and a 20-40% increase in EBITDA estimates. The firm noted that the hike reflects a stronger medium-term margin trajectory for Meesho.
Why it matters
The rating hike provides market visibility into Meesho's cost management drivers and growth potential. The revised target price indicates an upside potential of 18.6 percent from the previous closing price.
UBS analysts are providing market visibility into Meesho's cost management (CM) drivers.
From moneycontrol.com
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How it developed
Newest first. Tap a step to see who reported it.UBS raised target price on Meesho stock; CLSA rating maintained; market reacts.1 source
UBS raised target price on Meesho stock.1 source
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The entities involved
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UBS
Swiss multinational investment bank and financial services company
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Meesho
Indian Origin social commerce platform