Meesho shares jump 6% as UBS raises target price to ₹260

Shares of Meesho rose over 6% after UBS retained a Buy rating on the e-commerce platform and raised its target price from ₹210 to ₹260.

The brokerage increased its FY29-FY31 EBITDA estimates by 20-40% driven by expectations of stronger medium-term growth and improving margins.

Meesho's contribution margin expanded from 2.3% in Q3FY26 to 4.6% in Q1FY27, supported by lower logistics costs and higher advertising revenue.