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Meesho Shares Soar 11% as UBS Raises Target Price to ₹260
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CNBC TV18•22-09-2026, 11:37
Meesho Shares Soar 11% as UBS Raises Target Price to ₹260
- •Meesho Ltd. shares surged over 11% on Tuesday, marking its biggest single-day gain in three months, after UBS increased its target price.
- •UBS maintained its "buy" recommendation and raised the target price to ₹260 per share from ₹210, indicating an 18.6% upside potential.
- •UBS also increased Meesho's Net Merchandise Value (NMV) estimates by 7-18% and EBITDA estimates by 20-40% for FY29-31, reflecting stronger medium-term margin trajectory.
- •Higher forecasts are driven by continued flywheel from sellers (up 81% YoY) and buyers (up 29%), rapid expansion in SKUs, and improved logistics economics.
- •Meesho's net loss narrowed to ₹132.8 crore in Q1, with revenue up 48% to ₹3,712 crore; the stock has gained 47.3% since listing and 115.7% from its issue price.
Key Questions Answered
Brokerage firm UBS maintained its "buy" recommendation on Meesho and raised its target price to ₹260 per share from the previous ₹210 apiece.
Meesho's net loss narrowed to ₹132.8 crore from ₹289.4 crore in the previous year, while its revenue increased by 48% to ₹3,712 crore from ₹2,503.9 crore.
Shares of Meesho officially listed on the stock exchanges on December 10, 2025, with an issue price of ₹111 per share.
