Meesho Surges 9% After UBS Raises Target Price To ₹260

by · Inc42

SUMMARY

  • Meesho shares jumped almost 9% after UBS maintained its ‘Buy’ rating and raised the stock’s target price to ₹260 from ₹210
  • UBS expects Meesho’s expanding buyer and seller bases, coupled with better advertising monetisation and logistics economics, to accelerate its medium-term earnings growth
  • The brokerage raised its FY29-FY31 NMV estimates by 7%-18% and its EBITDA forecasts by 20%-40%