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Lenskart shares get the highest target price so farShares of the Mumbai-based eyewear maker have gained over 12% in the last month.By CNBCTV18.com February 20, 2026, 8:18:09 AM IST (Published)1 Min ReadShares of Mumbai-based eyewear  maker Lenskart are more expensive compared to the valuation of other retailers, but it's justified, concluded analysts at the financial services firm Motilal Oswal.

The latest report on Lenskart (market capitalisation of over ₹83,000 crore) pegs the target price at ₹600, the highest from any of the 13 brokerages covering the stock. It's also 12.3% more than the consensus of ₹534 in the next 12 months.

BrokerageTarget priceMotilal Oswal₹600Axis Capital₹580Jefferies, IIFL 575JM Financial₹565Morgan Stanley₹561Emkay, Macquarie₹550Ambit Capital (Rating: Sell) ₹389

The stock has surged over 12% since its listing a month earlier, and a rally towards ₹600 would imply a 26% jump hereon.

The retailer has strong-enough moats to deliver a compounded annual growth of 53%, and a free cash flow of up 70%, by March 2028, the Motilal Oswal report added.

The company reported a 38% jump in revenue, more than double the earnings before interest, tax, depreciation, and amortisation (EBITDA), and a manifold rise in net profit in the latest third quarter ended December 2025.

The profit margin expanded to 20.1% compared to 12.7% a year earlier, leading to a revision of earnings estimates and target price by Jefferies, a multinational broking firm.

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