Ather Energy shares can rally till Rs 1,450, says CLSA, citing twin engine

CLSA sees nearly 60% upside in Ather Energy, initiating coverage with an “Outperform” rating and a Rs 1,450 target. The brokerage cites a “twin engine” of cost deflation and premiumisation, strong software-led revenues, and improving unit economics, expecting EBITDA breakeven by FY28 and significant margin expansion through FY31–32.

Raccontata daeconomictimes.indiatimes.com