JPMorgan Projects 30% Upside for Groww Shares, Calls it 'Most Lucrative' Indian Internet Platform
Loading more articles...
JPMorgan Bullish on Groww: Sees 30% Upside, Calls it 'Most Lucrative' Platform
C
CNBC TV18•04-03-2026, 11:36
JPMorgan Bullish on Groww: Sees 30% Upside, Calls it 'Most Lucrative' Platform
•JPMorgan gives Groww an 'overweight' rating with a ₹210 price target, projecting a 30.4% upside despite a recent 2% share decline.
•Brokerage firm identifies Groww as the 'most lucrative' Indian consumer internet platform, citing consistent market share gains and dominance among aspirational investors.
•JPMorgan expects Groww's revenue to grow at a 33% CAGR and EBITDA at 36% CAGR between FY26-28, driven by strong cross-selling and operating leverage.
•UBS initiated coverage with a 'neutral' rating and ₹185 target, anticipating a slowdown in Groww's broking business growth from 79% to 17% CAGR.
•Groww shares are currently trading at ₹157.33, above its IPO price of ₹100 but below its post-listing high of ₹193.8.
