Analysts are bullish on Swiggy's future, predicting strong growth despite a tough road to profitability. Macquarie has set a target of Rs 700 for Swiggy’s stock, driven by key factors like improved Instamart profitability, rising Monthly Transacting Users (MTUs), and a recovery in market share.
Swiggy's stock debuted at Rs 412, showing a 5.64% premium over the IPO price. While Macquarie has a short-term target of Rs 325, they see a massive upside if growth strategies succeed. With 47 million active users, Swiggy’s diverse business model sets it up for long-term success, even as Zomato leads in the short run.