Eicher Motors: Analysts Predict 21% Upside, Strong Growth Momentum

• Eicher Motors shares surged nearly 6% after strong Q3 FY26 results, beating Street estimates.
• Brokerages Jefferies, HSBC, CLSA, and Citi reiterated 'Buy' ratings, citing robust performance and growth outlook.
• Jefferies set a target price of ₹8,800, implying a potential 20.7% upside, driven by Royal Enfield's improved prospects.
• Q3 consolidated net profit rose 21.3% YoY to ₹1,420 crore; revenue climbed 23% YoY to ₹6,114 crore.
• Royal Enfield plans to expand capacity by 67% over two years, aiming for 2 million units by FY28.