Meesho shares rise 2% as Citi initiates coverage with Buy rating. Here's why

International brokerage Citi initiated coverage on Meesho with a 'Buy' rating, setting a target price of Rs 210 and anticipating a 23% upside. The firm is optimistic about Meesho's growth in India's e-commerce sector, citing its strong presence beyond major cities and a robust seller network. The company reported significantly reduced losses in Q4FY26, with revenue surging 47% year-on-year, signaling positive momentum.