30 Sep 2025 | 3 Mins Read
UBS raises Swiggy's price target amid growing competition
Flipitmoney
UBS raised price targets for Eternal Ltd. ($400, 22% upside) and Swiggy Ltd. ($580, 39% upside) due to their emergence as beneficiaries of India's quick commerce boom despite intense competition. UBS also increased their gross merchandise value estimates by 15-30% and segment EBITDA by 15-40% for FY 2027-2030.