Jefferies Initiates Coverage on WeWork India with Buy Rating and ₹900 Target Price 5 hrs ago Today
Jefferies has initiated coverage on WeWork India Management with a Buy rating and a target price of ₹900. The brokerage cites the company's strong positioning in the flex-office market and AI-driven demand for quality flexible workspaces as key growth drivers. Jefferies expects revenue growth of over 20% and EBITDA growth of over 25%, while noting an attractive valuation at 11.1x FY28E EV/EBITDA.