New Delhi, Oct. 15 -- CarTrade Tech share price target: CarTrade Tech could be entering a new phase of growth as its OLX India business expands beyond seller services into financing, dealer partnerships, subscriptions, logistics and advertising, according to UBS. The brokerage has maintained its 'Buy' rating on the stock and a price target of Rs.4,000, implying an upside of around 36%.

In a recent research report, UBS argued that investors may be underestimating OLX India's monetisation potential following its acquisition by CarTrade Tech. The brokerage said the platform had improved its user experience and profitability under its new ownership, while several opportunities to generate revenue from buyers and transactions remained relativ...