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UBS lifts Meesho target to ₹260 on stronger growth forecasts
UBS lifted Meesho’s target price to Rs 260, citing stronger seller and buyer growth, advertising monetisation and improving logistics economics. The brokerage increased FY29-FY31 NMV and EBITDA forecasts, signalling a stronger medium-term profitability outlook for the Indian marketplace.
UBS target price, previous₹210
UBS target price, raised₹260
up raised 24%
Reported figures
From the report. Source details below
| UBS price target raised 24% to Rs 260 from | Rs 210 |
|---|---|
| Meesho shares rose 12% to Rs 244.80 from | Rs 219.05 |
| Market capitalisation: | Rs 1.11 lakh crore |
| FY29-FY31 NMV forecasts raised | 7-18% |
| FY29-FY31 EBITDA forecasts raised | 20-40% |
| Q1FY27 sellers: | 1.04 million, up 81% YoY |
| Q1FY27 buyers: | 274 million, up 29% YoY |
Also in the report
- Shares up 65% in six months and 38% in three months