Goldman Sachs and Bank of America (BofA) set target prices of Rs 160 and Rs 145, respectively.
Goldman Sachs’ take: Ola can achieve earnings before interest, taxes, depreciation, and amortisation (Ebitda) breakeven in FY27, Goldman said. It expects FY24 to FY30 revenue growth of +40% compound annual growth rate (CAGR), implying FCF breakeven in FY30, and also achieving 11.9%/27% Ebitda margin/ROIC by FY30.
Numbers from GS may help in accessing valuation.
Disc: Invested and recently added, views are biased.
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