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Ather Energy shares rally 270% in one year, but Nomura sees 22% more upside. Here’s why

Nomura increased Ather Energy's target price, expecting electric two-wheeler trends to accelerate. The brokerage sees Ather as a top pick to benefit from this EV momentum. New affordable scooter launches and a new plant will address a key market segment. Revenue growth is projected at 54% and 57% for FY27 and FY28. EBITDA is expected to improve, with PAT breakeven anticipated in FY29.

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Economic TimesLean R·2h ago
Ather Energy shares rally 270% in one year, but Nomura sees 22% more upside. Here’s why
Nomura increased Ather Energy's target price, expecting electric two-wheeler trends to accelerate. The brokerage sees Ather as a top pick to benefit from this EV momentum. New affordable scooter launches and a new plant will address a key market segment. Revenue growth is projected at 54% and 57% for FY27 and FY28. EBITDA is expected to improve, with PAT breakeven anticipated in FY29.
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Ather Energy shares rally 270% in one year, but Nomura sees 22% more upside. Here’s why

How 2 sources are covering this

Ather Energy shares rally 270% in one year, but Nomura sees 22% more upside. Here’s why

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