UBS Raises Target Price on Meesho Stock to Rs 260
3 reports, 2 independent
Updated Sep 23
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AI-generated briefing. Brind wrote this from the reports listed below and has updated it as the story developed. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
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
Who's involved
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