Jefferies tags Meesho a 'Buy' with Rs 225 target, sees 34% upside on value-commerce flywheel

Jefferies initiates Buy on Meesho at a Rs 225 target (34% upside), citing affordability-led value commerce, AI-driven seller tooling and 25% NMV growth. The call lands alongside Buy ratings on Aegis Vopak (25% upside) and IndiGo (20% upside), positioning Meesho as the broker's standout consumer-internet pick.

— Source publishedWed, 10 Jun, 2026, 11:58 IST·First seen Wed, 10 Jun, 2026, 12:48 IST·Source Financial Express · BrandWagon

What happened

Jefferies issues 'Buy' on Meesho (Rs 225 target, 34% upside) citing affordability-led value commerce, AI tools and 25% NMV growth, alongside Buy calls on Aegis

Key facts

  • target Rs 225
  • 34% upside
  • 25% NMV growth
  • target Rs 240
  • 25% upside
  • target Rs 5380
  • 20% upside

Why this matters

Jefferies' bullish initiation re-rates Meesho's strategic optionality in value commerce, raising the bar for any acquirer or partner pricing affordability-tier e-commerce assets in India.