Archive · 24 Dec 2025
Pine Labs Receives First Buy Rating
Pine Labs is a company that helps with digital payments in stores and online.
A company called Jefferies started watching Pine Labs and said it's a good time to buy their shares.
They think the shares could go up to ₹300 each, which is a lot higher than they are now.
Pine Labs shares first started selling on November 14, and since then, three different people who study stocks have given different opinions about whether to buy, hold, or sell them.
Jefferies thinks Pine Labs can make more money and be more efficient, which could make their shares more valuable.
Jefferies initiated coverage on Pine Labs with a 'buy' rating and a price target of ₹300 per share.
Pine Labs shares listed on November 14 at ₹242 per share, a 9.5% premium over the IPO price.
The company's network with brands, merchants, and banks is expected to drive revenue growth at a CAGR of 23% from FY25-FY28.
Operating efficiency could lift the adjusted EBITDA margin from 15% to 27% by FY28.
Three analysts cover Pine Labs, with one each having a 'buy', 'hold', and 'sell' rating.
- Who
- Pine Labs Ltd.
- What
- Received first buy rating from Jefferies
- When
- December 24
- Where
- Stock exchanges
- Why
- Jefferies initiated coverage with a price target of ₹300 per share
- Company
- Pine Labs Ltd.
- Brokerage
- Jefferies
- Rating
- Buy
- Price Target
- ₹300 per share
- Upside Potential
- 28.5%
- Listing Date
- November 14
- Listing Price
- ₹242 per share
- Previous Close
- ₹233.5 per share
