FTSE Index Rejig: Meesho Stock Set to See Addition of $49M (Rs 4.62B) Today at 3pm 10 days ago
More news about Meesho
17Jun 26
UBS Initiates Buy Rating on Meesho with Target Price of ₹210 Amid Indian Internet Sector Headwinds
UBS has initiated a Buy rating on Meesho with a target price of ₹210, citing stabilising GMV, NOV, and billings growth across internet segments. The brokerage also highlighted easing quick-commerce competition as a supportive factor. This positive stance comes even as Indian internet stocks have broadly corrected 10–30% year-to-date amid macro, competitive, and AI disruption concerns.
16Jun 26
Meesho Sees 24.2 Million Shares Traded in Three Blocks at ₹168.5
Meesho witnessed a block trade involving approximately 24.2 million shares traded across three blocks at ₹168.5 per share. The transaction reflects considerable institutional activity in the stock, though buyer and seller identities remain undisclosed.
Jefferies Initiates Buy Rating on Meesho with Target Price of ₹225
Jefferies has initiated coverage on Meesho with a Buy rating and a target price of ₹225, highlighting the company's scale-driven value-commerce model, loyal user base, and strong MSME network. The brokerage forecasts a 25% NMV CAGR and expanding take rates, projecting an approximately 3% adjusted EBITDA margin by FY30. Meesho's capital-efficient growth profile, supported by a net cash position and negative working capital structure, further strengthens the investment case outlined by Jefferies.
Morgan Stanley Maintains Equal-Weight on Meesho, Raises Target Price to ₹190 on Strong Q4 Performance
Morgan Stanley has maintained an Equal-weight rating on Meesho while raising its target price to ₹190 from ₹174, driven by strong Q4 performance and continued NMV acceleration. The company's contribution margin improved to 4%, and adjusted EBITDA came in better than expected due to operating leverage. Management's continued focus on near-term growth also supported the revised target. The Equal-weight rating reflects a neutral market stance, with the stock considered fairly valued at the updated target level.