New Delhi, June 10 -- Meesho share price rose nearly 5% on Wednesday, 10 June, after global brokerage Jefferies initiated coverage on the stock with a 'Buy' rating and a target price of Rs.225, implying an upside potential of about 34% from current levels.

Jefferies said Meesho is building a large-scale value-commerce platform focused on affordability, product discovery, and logistics efficiency, catering primarily to price-sensitive consumers in non-metro markets. The brokerage believes the company's loyal customer base and extensive MSME seller network are creating a strong growth flywheel that can drive sustained expansion.

The brokerage expects Meesho to deliver a net merchandise value (NMV) CAGR of around 25% between FY26 and FY30,...