Citi and Jefferies Raise Target Prices for Meesho After Q2 Growth

Global brokerages Citi and Jefferies have increased their target prices for Meesho and maintained a 'Buy' rating. The positive revision follows the company's strong Q2 performance, which was highlighted by a 23 percent growth in net merchandise value. Additionally, Meesho successfully expanded its contribution margin to 6 percent, signaling improved operational efficiency.