Morgan Stanley thinks Lenskart stock could climb 10%

Business Dec 15, 2025

Morgan Stanley just started covering Lenskart and set a target price of ₹445 per share, hinting at a possible 10% jump from where it's trading now (₹405.95).
Even after a small dip to ₹404 per share on December 15, the stock is still holding above its IPO price of ₹402.

Why Lenskart's getting attention

Analysts see Lenskart as ready to ride changing lifestyle trends and maybe become India's version of EssilorLuxottica.
After its massive ₹7,278 crore IPO in November (which was oversubscribed 28 times!), the stock hit ₹448.80 before dropping about 10%.
Still, the company posted solid numbers in the second quarter of the financial year 2026: profits up 20% year-on-year and revenue rising by 21%.