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Urban Company Share Price: Shares of Urban Company declined over 3 per cent on Thursday after two global brokerages, Goldman Sachs and Morgan Stanley, issued bearish reports on the recently listed home services platform.

On Thursday, Urban Company shares were trading at Rs 152.55, down 3.36 per cent, after hitting an intraday low of Rs 152.20.

The stock is now trading close to its 52-week low of Rs 149.50, against a 52-week high of Rs 201.00, with a market capitalisation of Rs 21,962 crore.

Goldman Sachs has initiated coverage with a Neutral rating and set a target price of Rs 140 per share, implying a potential downside of around 8 per cent from the current market price of Rs 152.55.

The brokerage said the company’s strong business model and growth outlook are already priced into its current valuation, noting that Urban Company trades at 64x FY28 EV/EBITDA, a significant premium to its internet peers.

Goldman Sachs expects the company to deliver a 24 per cent revenue CAGR during FY25–30E, supported by a large total addressable market (TAM) and strong execution in online home services.

Meanwhile, Morgan Stanley initiated coverage with an Underweight rating and a target price of Rs 117, indicating a downside of nearly 23 per cent from current levels.

The brokerage forecasts 18–22 per cent annual revenue growth between FY25–28E, and expects the India consumer services business (excluding Instahelp) to contribute around 30 per cent of adjusted EBITDA in the medium term.

However, investments in Instahelp could impact profitability, it cautioned.

Urban Company had a robust market debut on September 17, 2025, listing at Rs 162.25 on NSE and Rs 161.00 on BSE, more than 57 per cent above its IPO price of Rs 103 per share.

Despite the recent correction, the stock still trades about 48 per cent higher than its IPO price, reflecting investor confidence in its long-term growth story.

In a separate corporate update, the company announced that its Board of Directors will meet on Saturday, November 1, 2025, to consider and approve the unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2025.

Anubhav Maurya is a Senior Sub-Editor at Zee Business, focusing on the stock market, personal finance, corporate news, and related sectors.

He has previously worked wi