WeWork India Management: Jefferies Initiates Coverage with 'Buy' Rating, Sees 29% Upside

Overview

Jefferies has initiated its first-ever coverage on WeWork India Management Ltd. with a 'Buy' rating and a ₹790 price target, suggesting a 29% upside. The brokerage identifies WeWork India as the largest flexible workspace operator in India, projecting strong growth with a 22% revenue CAGR and 28% EBITDA CAGR between FY25 and FY28. This comes after the company reported its highest-ever quarterly revenue and first operating profit in Q2 FY25.