Motilal Oswal sees 81% upside in Meesho in bull case
Key Takeaways
- •Motilal Oswal expects Meesho’s marketplace NMV to grow at a 25% CAGR over FY26-31.
- •The brokerage links its outlook to customer acquisition and rising platform adoption.
- •Its bull-case estimate implies an 81% upside for Meesho’s stock.
- •NMV is a key operating metric because it measures the value of goods sold through the marketplace.
Motilal Oswal expects Meesho to deliver a 25% compound annual growth rate (CAGR) in marketplace net merchandise value (NMV) over FY26-31, driven by customer acquisition and rising platform adoption.
The brokerage's bullish view on the online marketplace implies an 81% upside for the stock in its bull case, highlighting how investor attention remains closely tied to Meesho’s ability to scale transaction volumes over time.
Why Motilal Oswal is betting on Meesho
Motilal Oswal said its outlook is based on Meesho’s ability to expand its customer base and benefit from increasing usage of the platform over the FY26-31 period. In a marketplace business, NMV is a key operating measure because it reflects the value of goods sold through the platform, making growth in that metric an important marker of adoption.
The brokerage said this growth trajectory could support a 25% CAGR in marketplace NMV during the period.