Lenskart shares to rally 40%? Nomura initiates coverage with Buy, says its growth journey has just started
- Posted on August 31, 2026
- By Business News Today
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Lenskart shares to rally 40%? Nomura initiates coverage with Buy, says its growth journey has just started
Lenskart has emerged from challenger to market leader, with Nomura initiating coverage with a ‘Buy rating and Rs 888 target, implying around 40% upside. The brokerage sees a long growth runway driven by store expansion, strong market positioning, vertical integration and a cost advantage, while MSCI inclusion could also attract passive inflows.
