Swiggy Stock Soars After CLSA’s Optimistic Rating

Global brokerage CLSA has rated Swiggy as “outperform,” predicting a 32% upside with a target price of ₹708. Following this, Swiggy’s stock surged 6%, reflecting strong investor confidence. The company is benefiting from a vast growth potential in food delivery and quick commerce, with analysts projecting a compound annual growth rate (CAGR) of 43% in gross order value and 32% in revenue through FY27. Swiggy’s robust performance, combined with industry tailwinds and promising profitability targets, makes it a strong contender in the market.