TechMeesho shares reportedly rose 9% after UBS raised price target to ₹260
Inc42 reports that UBS maintained its ‘Buy’ rating and raised its target from ₹210 to ₹260, citing stronger growth prospects across Meesho’s buyer, seller and logistics ecosystems.
TLDR
Inc42 reported on September 22 that Meesho shares rose 9% after UBS lifted its price target to ₹260 while retaining its ‘Buy’ rating. The brokerage raised its FY29–FY31 EBITDA estimates by 20–40%, expecting improvements in advertising monetisation and logistics economics. Inc42 also reports that Meesho’s Q1 FY27 revenue rose 48% to ₹3,707 crore, while its net loss narrowed 54% to ₹132.8 crore.
