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The Economic Times
The Economic Times
Business
Veer Sharma

UBS says CarTrade Tech’s OLX buy can deliver 5x revenue in five years. Here’s why

OLX UBS CarTrade Tech CarTrade eBay GMV

International brokerage firm UBS says that CarTrade Tech’s OLX acquisition can help the company deliver a 5x revenue surge in just five years as it evolves into a transaction-enablement platform with multiple monetisation drivers across buyers and sellers.

The brokerage has maintained its Buy rating and a target price of Rs 4,000, an upside of over 27% from the last close of Rs 3,147.

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