Meesho valuation and competition concerns
Nomura initiated coverage of Meesho with a Reduce rating and ₹167 target, implying 28% downside. Reports cited the company’s asset-light model, Valmo logistics network and growth potential, alongside rising competition and premium valuation risks.
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Timeline
Friday, 25 September
- Rising competition, premium valuations may cap gains in Meesho stock
Meesho's asset-light value-commerce model and Valmo logistics network are strengths
- Nomura initiates Meesho at Reduce, sees 28% downside to ₹167
Nomura set a ₹167 target, implying 28% downside; shares fell as much as 5% to ₹221
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