Meesho Share Price Target: The share price of the e-commerce company Meesho will be in focus in today’s trading session after global brokerage firm Morgan Stanley expressed a neutral outlook on the stock, with slight upside potential.
The brokerage has maintained an Equal Weight rating for the stock and set a target price of Rs 190. The price target suggests an upside of around 7 per cent from the current level.
Additionally, the report notes that Meesho’s consumer proposition remains strong, with a reported 20-30 per cent price advantage in select categories compared to competing platforms, mainly driven by video commerce.
On the logistics front, Meesho’s internal platform, Valmo, is highlighted as a key operational lever. Valmo is described as leveraging idle logistics capacity and enabling experimentation with hyper-local pickup models aimed at reducing last-mile delivery costs.
Morgan Stanley also points to an expected improvement in cost efficiency as Meesho reduces its reliance on cash-on-delivery transactions. A lower cash-on-delivery mix is projected to reduce handling complexities and return-related costs, thereby improving operational metrics over time.
However, it gained 14.18 per cent over three months. Year-to-date performance remains negative at 2.20 per cent.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)
