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.