16 Oct 2025 | 3 Mins Read
JM Financial predicts 44% upside for Zaggle
Flipitmoney
JM Financial initiates 'Buy' rating on Zaggle with a target price of Rs 520 per share, expecting a 44% potential upside. Zaggle is positioned to benefit from India's underpenetrated corporate spending market, with estimated Rs 20,000 crore revenue growth by FY27. The company anticipates 34% revenue CAGR and 52% net profit CAGR from FY25-27.