Negative impactCompany
Meesho's Growth Cart Has A Profit Problem, Says Macquarie; Flags 30% Downside — Here's Why
NDTV Profit 1 hr ago·28 Jul 2026, 3:14 am
Macquarie has downgraded Meesho to an Underperform rating, citing a significant disconnect between the company's rapid growth and its ability to monetise that user base effectively. The brokerage firm believes that while the platform is expanding, its current business model struggles to generate substantial profits, which could cap its long-term value.
For investors, this downgrade highlights a key risk: Meesho's stock may be overvalued given its current financial trajectory. The firm's Rs 125 target price implies a potential 30% downside, suggesting the market might be overlooking the challenges in converting high user growth into sustainable earnings.
Moving forward, investors should monitor Meesho's quarterly results to see if it can improve its monetisation strategy. If the company fails to demonstrate better profitability metrics, the stock could face further pressure in the coming months.
Key takeaways
- Category: Company.
- AI reads the tone as negative (potentially bearish) for the stock.
Why it matters
A routine update. The tone is negative — watch for downside reaction. Use the price and stock snapshot to gauge how the market is responding.
