Meesho shares can rally to Rs 240? Why Motilal Oswal initiated coverage on the platform stock
Motilal Oswal has begun coverage on Meesho, awarding it a buy rating along with a target price indicating strong potential. The brokerage believes that free cash flow will start manifesting from FY27, highlighting Meesho's asset-light model as a crucial factor for growth. The company's recent Q1 per
The Bharath News1 min readSource: ET Markets
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Motilal Oswal has begun coverage on Meesho, awarding it a buy rating along with a target price indicating strong potential. The brokerage believes that free cash flow will start manifesting from FY27, highlighting Meesho's asset-light model as a crucial factor for growth. The company's recent Q1 performance showed reduced losses and increased marketplace revenue, emphasizing its sensitivity to NMV growth and margin improvements.
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