BoFA Sees 21% Uptick Potential In Groww Shares, Stock Hits 52 Week High; Check Target Price

Groww Share Target Price 2026: The shares of Billionbrains Garage Ventures Limited, the parent company of brokerage firm Groww, soared over 9 per cent during the intraday trade on Wednesday after Bank of America (BoFA) initiated coverage for the Fin-tech stock with a 'Buy' rating.

The stock started the session with a huge gap up at Rs 201.01 as compared to the last day's closing of Rs 194.71 on NSE. The scrip extended the momentum further to hit a 52-week and all-time high at Rs 212.90 on NSE, rising over 9.3 per cent from last day's closing. The 52-week low values of the stock stood at Rs 112.

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Bank Of America Sees 21% Rally

BoFA initiated the 'Buy' call for the stock, considering Groww's strong position in India's retail investing market.

Groww Target Price: The international firm's target price for the stock is Rs 235, a 21 per cent uptick from the last closing price.

BoFA projected a 30% revenue CAGR for Groww over FY26-FY28.

The brokerage firm also highlighted Groww's excellent profitability, indicating the company's operating leverage offers further growth potential. BoFA projected that the firm has the potential to push EBITDA and net income margins to 67 per cent and 52 per cent, respectively, by fiscal year 2028.

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Groww Share Price History

In the last five trading sessions, the stock jumped over 12 per cent, while in a month it rose over 30 per cent. This year till date, the Groww shares have risen over 32 per cent. In the last six months, the script escalated by over 55 per cent, while in a year.

Disclaimer: This story is for informational purposes only. It should not be considered as investment advice.