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Analysts Stay Bullish on Info Edge Following Q2 Updates
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CNBC TV18•09-10-2026, 09:04
Analysts Stay Bullish on Info Edge Following Q2 Updates
- •Around 90 percent of analysts tracking Info Edge have maintained a buy rating on the stock following its second-quarter business updates.
- •JPMorgan assigned an overweight rating with a target price of ₹1,500, citing strong billings growth driven by Naukri and 99 Acres.
- •Citi issued a buy recommendation with a target price of ₹1,510, highlighting an expected improvement in EBITDA margins.
- •Nomura also recommends buying the stock with a price target of ₹1,480, noting that Naukri and 99acres performance met or exceeded expectations.
- •Out of 22 analysts covering Info Edge, 20 have a buy rating while the remaining two suggest a hold rating.
Key Questions Answered
JPMorgan maintains an overweight rating on Info Edge with a target price of ₹1,500 per share. Meanwhile, Citi holds a buy recommendation with a target price of ₹1,510 per share.
Info Edge reported overall billings growth of 13%. The real estate platform 99acres saw a strong growth of 21%, while Naukri rose by 13%.
Following the Q2 business updates, 90% of the analysts tracking Info Edge have a buy rating on the stock. Out of 22 analysts covering the company, 20 have a buy rating and two maintain a hold rating.
