Positive impactCompany
Meesho Q2 Brokerage Review: Citi, Jefferies Raise Target Prices, Maintain 'Buy'
NDTV Profit 59 min ago·29 Oct 2026, 4:09 am
Meesho has received a positive response from two major global brokerage firms, Citi and Jefferies. Both firms have raised their target prices for the company while maintaining a 'Buy' rating. This endorsement follows the release of the company's second-quarter results, which showed strong performance in key operational metrics.
The positive outlook from these brokerages is driven by the company's ability to grow its net merchandise value by 23%. Additionally, they highlighted an expansion in the contribution margin to 6%. These figures suggest that the company is successfully scaling its business while improving its profitability, which is a key factor for investors.
For investors, this news signals continued confidence in Meesho's growth trajectory. The raised target prices indicate that the brokerage firms believe the stock has significant upside potential. Going forward, investors should watch for updates on the company's ability to sustain this growth rate and manage its expansion in the competitive e-commerce market.
Affected stocks
Bullish1 stock
Bull / bear label is derived from the article's AI sentiment — indicative, not advice. Prices may be delayed.
Key takeaways
- Concerns Meesho (MEESHO).
- Category: Company.
- AI reads the tone as positive (potentially bullish) for the stock.
Why it matters
A routine update for Meesho. The tone is positive — historically associated with upward pressure, though not predictive. Use the price and stock snapshot to gauge how the market is responding.
