Why did Jefferies start coverage on Pine Labs?

Jefferies sees strong growth potential in Pine Labs due to its expanding merchant network, digital payments focus, and improving profitability outlook.

What target price has Jefferies set for Pine Labs?

Jefferies has set a target price of ₹300 , implying about 28 percent upside from current levels.

What are the key strengths of Pine Labs highlighted by Jefferies?

Jefferies highlights Pine Labs’ diversified revenue model, strong merchant relationships, and leadership in payment and EMI solutions.

Is Pine Labs currently profitable?

Pine Labs is still in a growth phase, but losses are narrowing and analysts expect profitability to improve as scale increases.

What risks did Jefferies mention for Pine Labs investors?

Key risks include rising competition in fintech and potential regulatory changes, though Jefferies believes Pine Labs is well-positionedThe content shared by Meyka AI PTY LTD is solely for research and informational purposes. Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice. to manage them.

Global Market Insights | Market News

Jefferies Starts Coverage on Pine Labs, Sets ₹300 Target With 28% Upside

ByRubaisha December 24, 2025December 24, 2025

Why Jefferies Is Bullish on Pine Labs Right Now

The Indian fintech space is again in focus, and Pine Labs is right at the center of attention. Global brokerage firm Jefferies has officially started coverage on Pine Labs, giving the stock a Buy rating and setting a target price of ₹300, which signals an upside potential of nearly 28 percent from current levels.