Swiggy stock continues to garner positive ratings from leading brokerages, highlighting optimism about its growth and market potential. Here’s a breakdown of the latest updates:
- Morgan Stanley (MS): Maintains its overweight rating on Swiggy, with a target price of ₹730 per share. MS emphasizes the company’s strong positioning in the food delivery and quick commerce space, projecting significant growth ahead.
- Bernstein: Retains an outperform rating, setting the target price at ₹635 per share. Bernstein highlights Swiggy’s operational efficiency and robust market strategies as key drivers for future performance.
Both brokerages remain bullish on Swiggy stock, citing strong fundamentals and growth opportunities in the highly competitive Q-commerce and food delivery sector.
Disclaimer: This report is for informational purposes only and should not be considered as financial advice. Please consult your financial advisor before making any investment decisions.
