Results · Commerce & Consumer Brands

Meesho shares surge after UBS raises target price

By Startup Enthusiast · 18 September 2026

What they do

Meesho operates an online e-commerce platform that connects buyers and sellers across the country

Brokerage firm UBS raised its target price on the stock to ₹260 and maintained a buy rating

The target price increase follows strong recent financial results and positive medium-term margin trajectory expectations

Shares of Meesho Ltd. gained over 11% during Tuesday trading following a target price upgrade.
Financial institution UBS lifted its estimated equity value per share to ₹260 compared to the prior ₹210.
The brokerage maintained its buy recommendation, citing an upside potential of 18.6% from previous closing levels.
UBS also raised its Net Merchandise Value estimates by 7% to 18% for the 2029-2031 financial years.
Earnings before interest, tax, depreciation, and amortisation estimates for the same period were increased by 20% to 40%.

The single-day gain marked the largest share price jump for the company in the last three months.
Improved advertising monetisation and logistics economics are driving stronger medium-term margin trajectory.
The company previously reported its first quarter earnings in July, showing a narrowed net loss of ₹132.8 crore.

The company operates an internet-based retail marketplace connecting individual buyers and merchants.
It facilitates transactions across various consumer categories through a digital platform model.
The business model focuses on low prices and broad product variety to attract customers and sellers.