The brokerage said the maximisation of digital ad would actually be effective, especially in emerging market clients and sees an increase in smartphone penetration across key geographies.
Goldman Sachs is expecting a 32 per cent CAGR growth in revenues over FY22-25 and said the company can maintain its global market share of 0.17 per cent. It assumes limited operating leverage and said the forecast still remains solid.
The stock rose 5.77 per cent to hit a high of Rs 1,327.85 on BSE. Goldman Sachs target suggests a 13 per cent potential upside over this price.
The stock has an average price target of Rs 1,402, suggesting a seven per cent potential upside. This is based on nine analyst estimates, as per Trendlyne.
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