Archive · 29 Nov 2025
Jefferies Bullish on Lenskart with 23% Upside
Jefferies, a big investment company, thinks Lenskart, a company that sells glasses, is a good investment.
They think the price of Lenskart's stock could go up by 23% and have set a target price of Rs 500.
Lenskart is growing fast in India, where it sells most of its products.
It also has a good system for making and selling glasses that helps it keep costs low and make customers happy.
Lenskart is also expanding to other countries, which Jefferies thinks is a good strategy.
The company is expected to make more money in the next few years, with higher profits and better margins.
Another company, Ambit, thinks Lenskart's stock might not do as well and has a lower target price.
Lenskart will share its latest results soon.
Jefferies initiates coverage on Lenskart with a buy rating and Rs 500 price target, implying a 23% upside.
Lenskart has a 5% market share in India's $9 billion eyewear market, growing at 13% CAGR.
Jefferies anticipates 24% revenue CAGR and over 50% EBITDA CAGR for Lenskart from 2025-2028.
Lenskart's vertically integrated omni-channel model ensures cost efficiency and superior customer experience.
Ambit had previously initiated coverage on Lenskart with a sell rating and $337 price target.
- Who
- Jefferies, Lenskart Solutions Ltd.
- What
- Jefferies initiates coverage on Lenskart with a buy rating and Rs 500 price target.
- When
- November 28, 2023
- Where
- India, with international expansion
- Why
- Lenskart's strong growth potential and vertically integrated omni-channel model.
- Company
- Lenskart Solutions Ltd.
- Price Target
- Rs 500
- Potential Upside
- 23%
- Market Share
- 5%
- Revenue Growth (2025-2028)
- 24% CAGR
- EBITDA Growth (2025-2028)
- Over 50% CAGR
- EPS Growth (2025-2028)
- 44% CAGR
- Current Share Price
- Not specified
Sources
'Buy Lenskart': Jefferies projects 23% upside on eyewear maker a day before Q2 results
Lenskart share price gains 4% after Jefferies assigns ‘Buy’ call: 5 key reasons behind bullish tag
Lenskart set for 23% rally? Jefferies lists 3 reasons why it is bullish on the eyewear giant
Lenskart shares: Jefferies initiates coverage; stock rise 5% amid Netflix, Labubu deals
Lenskart share price jumps 5% ahead of Q2 results tomorrow: What to expect and how to trade the stock?
Lenskart shares flat after 5% surge as Jefferies initiates coverage with buy rating, Q2 results tomorrow