– Morgan Stanley Covers Meesho, Flags Full Valuation
News Context
At a glance
- International brokerage firm Morgan Stanley has begun coverage of Meesho Ltd.
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Meesho Ltd. Coverage Initiated by Morgan Stanley
International brokerage firm Morgan Stanley has begun coverage of Meesho Ltd. (BSE: 543382) with an “Equal-weight” rating, setting a target price of ₹169 per share. This valuation represents approximately a 3% upside from current market levels as of January 15, 2026.
valuation Concerns and Monetization
The brokerage cites full valuations as a primary concern, noting that Meesho’s advertising business is still in its early stages of monetization. Despite rapid user expansion, Morgan Stanley anticipates a longer timeline to steady-state profitability.