MOFSL Target Signals 26% Upside in Swiggy
MOFSL is bullish on Swiggy, citing sustainable profitability and improving unit economics in Instamart.
- Price target: Rs 550
- Upside potential: 26% from current levels
Analysts at Motilal Oswal Financial Services Ltd (MOFSL) retained their 'Buy' rating on Swiggy, citing its transition into sustainable profitability.
MOFSL cited sustainable profitability, improving unit economics in Instamart, and rising order values in food delivery business.
Author's summary: MOFSL sets Rs 550 target price for Swiggy.