Meesho slides 40% from peak, slips below listing price. Here is why brokerages still see 26% upside

Meesho shares have fallen nearly 40% from their peak after Q3 losses widened sharply, slipping below the listing price. Despite near-term margin pressures and concerns over growth sustainability, foreign brokerages UBS and BofA remain constructive, citing strong revenue growth, improving logistics efficiency and long-term user expansion.