November 20, 2025
Can Pine Labs shares tank over 10%? Emkay sets target below IPO price, gives 'reduce' tag
IntelME Verdict
Market Risk
TL;DR
Emkay Global Financial's 'Reduce' rating and Rs 210 target price for Pine Labs shares signal a potential 13% downside due to premium valuations and concerns about competition and monetization.
Analysis
Emkay's 'Reduce' rating and lower target price for Pine Labs indicate a potential 13% downside, reflecting concerns about premium valuations, competition, and monetization issues. Business leaders should monitor these developments closely as they could impact investment decisions, stock performance, and overall company valuation.
Source
Livemint (India)↗Share:
