Jefferies initiates Meesho at Buy with ₹225 target, sees 34% upside on value-commerce play
Jefferies began coverage on Meesho with a Buy rating and ₹225 target price, driving a 5% stock jump. The brokerage projects 25% NMV CAGR through FY30, FCF positivity by FY28, and 3% adjusted EBITDA margin by FY30, citing its MSME seller network and asset-light logistics model.
Jefferies initiated coverage on Meesho with a Buy rating and ₹225 target, citing its value-commerce platform, MSME seller network, asset-light logistics, and projecting 25% NMV CAGR through FY30 and FCF positivity by FY28.