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Meesho shares surge 10 percent as JP Morgan sets Rs 215 target and Overweight rating
Business
Published on 30 April 2026
The brokerage pinpoints margin gains from ads and logistics
Meesho shares jumped nearly 10% after JP Morgan initiated coverage with an Overweight rating and a Rs 215 target price. The brokerage expects EBITDA margin expansion and strong net merchandise value growth, fueled by advertising monetization and logistics improvements. It also projects a recovery in free cash flow, betting that Meesho’s market leadership can sustain further gains.
- Meesho rallied about 10% on JP Morgan’s new coverage
- JP Morgan gave an Overweight rating with a Rs 215 target
- Margin and growth outlook hinges on ad monetization and better logistics
- Brokerage expects free cash flow recovery ahead
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times