Urban Company jumps 12% after Morgan Stanley double-upgrade, target raised to ₹165
Urban Company shares hit an intraday high of ₹152.21 after Morgan Stanley upgraded the home-services platform from Underweight to Overweight and raised its target price from ₹128 to ₹165, citing stronger India and international growth and improving profitability confidence.
Urban Company shares rallied after Morgan Stanley double-upgraded the Indian home-services platform to Overweight and lifted its target to Rs 165, citing stronger core India and international growth, improving profitability confidence, and potential earlier Instahelp consolidation.
Why this matters
The move follows Urban Company’s 18% jump after 43.9% revenue growth and Morgan Stanley turning overweight, alongside InstaHelp reaching 100,000 daily delivered orders, reinforcing a pattern of growth and improving analyst sentiment.
Retail-company signals are accelerating 225450% QoQ.