UBS initiates coverage on CarTrade Tech with Buy rating, sees 42% upside. 4 reasons why
UBS has initiated coverage on CarTrade Tech with a Buy rating and a target price of Rs 4,000, implying a 42% upside from current levels. The brokerage expects the company’s asset-light business model, margin expansion, OLX growth potential and strong digital marketplace network effects to drive earnings growth over the coming years.
UBS has initiated coverage on CarTrade Tech with a Buy rating and a target price of Rs 4,000, implying a 42% upside from current levels. The brokerage expects the company’s asset-light business model, margin expansion, OLX growth potential and strong digital marketplace network effects to drive earnings growth over the coming years.
