Morgan Stanley upgrades Urban Company, lifts target to Rs 165 on earlier profit outlook
Morgan Stanley raised Urban Company to Overweight and increased its target price from Rs 128 to Rs 165, citing stronger consumer-services demand, 30% net transaction value growth and improving supplier metrics. The brokerage expects India profitability to arrive earlier, despite continued Instahelp losses through FY2030.
Morgan Stanley upgraded Urban Company to Overweight, citing stronger India consumer-services growth, improving partner metrics and earlier profitability potential. It raised its target price to Rs 165, while expecting Instahelp losses to drive faster market consolidation.
Why this matters
The upgrade follows Urban Company reporting 100,000 daily InstaHelp delivered orders and Q1 revenue growth of 44% as core EBITDA more than doubled, reinforcing momentum in its consumer-services business.
Retail-company is accelerating, up 224717% QoQ.