Lenskart stock: broker targets up to Rs 675 in FY26

Stock trades close to its 52-week high

Lenskart Solutions remained in focus as its share price traded within about 3.03% of its 52-week high. The stock’s 52-week high was ₹557.65, while recent pricing data in the feed showed the stock around ₹536.55. That gap matters because it signals the stock is already priced near the top of its recent range, even as brokerages keep lifting targets. On the day’s tape shared in the article, the stock’s intraday range was ₹518.55 to ₹531.60. The stock opened at ₹519.50, versus a previous close of ₹521.00. Live volume was reported at 39,42,099 shares, and the exchange bands were listed at a lower circuit of ₹419.10 and an upper circuit of ₹628.60.

CLSA initiates with ‘Outperform’ and ₹604 target

A key trigger highlighted was CLSA initiating coverage on Lenskart Solutions with an ‘outperform’ rating and a target price of ₹604 per share. The note implied an upside potential of about 17% from Monday’s closing price, as cited in the article. Following that initiation, Lenskart shares rose on Tuesday. The stock was trading at ₹525.35, up 1.23%, after rising to as much as ₹528.10 in early trade. The move added to a broader run of brokerage commentary that has increasingly turned constructive on the stock.

Q4 FY26 revenue jump adds fuel to the rally

The article also points to a separate, results-driven move: Lenskart shares jumped over 6% on a Thursday after the company reported a 46% year-on-year rise in revenue from operations. Revenue from operations for the January to March quarter of FY26 came in at ₹2,516 crore, up from ₹1,727 crore in the year-ago period. Following the result, the stock rose to a near one-month high of ₹517 on NSE during morning trade, according to the report. The rally was also linked to an increase in the company’s market capitalisation. The piece said the sharp gains added over ₹5,235 crore to market cap, taking it to nearly ₹90,000 crore.

Brokerages raise targets after results

The post-results coverage included multiple broker actions and scenario-based target frameworks. Jefferies maintained a ‘Buy’ call and increased its target price by more than 4% to ₹600 per share in its base case scenario. The article said this implied an upside potential of more than 23% from the stock’s previous close of ₹486.85 on NSE. Jefferies also outlined a scenario range, with an upside case of ₹675 and a downside case of ₹400.

Goldman Sachs maintained a ‘Buy’ rating and increased its target price to ₹625 per share, implying an upside potential of more than 28% from the previous close mentioned in the report. Morgan Stanley maintained an ‘Overweight’ rating with a target price of ₹576, with an upside potential of more than 18% from the previous closing price, as cited. Emkay maintained a ‘Buy’ call and increased its target to ₹625. Motilal Oswal Financial reiterated a ‘Buy’ call and increased its target to ₹650 in one part of the feed.

Motilal Oswal’s initiation note and valuation range

Separately, the article notes Lenskart shares rallied over 3% on a Friday after Motilal Oswal initiated coverage with a ‘Buy’ rating. Motilal Oswal Financial Services (MOFSL) set a target price of ₹600 per share, implying nearly 25% upside from Thursday’s closing price, according to the report. The brokerage also outlined a bull-case valuation of ₹735 and a bear-case scenario of ₹395, depending on execution outcomes.

The feed further noted a research report dated February 20, 2026 that reiterated a ‘Buy’ rating with a target price of ₹600. It added that the call was premised on a DCF-implied 55x FY28E pre-Ind AS EBITDA. In another trading update linked to the same theme, the stock was reported up 2.3% intraday to ₹493 on BSE, and at 9:37 AM it was up 2.09% at ₹491.75. Another datapoint showed the stock at ₹489.35 at 11:20 AM, up 1.59% on BSE.

Key market data from the article

The article included multiple snapshots across dates and exchanges. The table below captures the most specific price and range levels disclosed.

Brokerage calls and target prices in focus

The coverage referenced a wide set of targets and ratings. Some targets were tied to scenario analysis, while others were base-case estimates.

Q3FY26 update: profit spike and margin improvement noted

Beyond Q4 FY26 revenue growth, the feed also cited a sharp Q3FY26 earnings update. Lenskart shares surged as much as 13% to a day’s high of ₹526 on BSE after results, as reported. Net profit was said to have soared nearly 70-fold year-on-year in that quarter. Jefferies maintained a Buy rating and raised its target to ₹575 after what it described as an exceptional quarter with strong growth and disciplined margin expansion across India and international markets. Citi maintained a Neutral rating with a target price of ₹520, while acknowledging strong revenue growth of about 38% and significant margin improvement.

The report also provided a specific margin datapoint: India pre-Ind AS margins rose to 11.6% from 4.5% in Q3FY25. It also noted that on the preceding Wednesday, shares closed 1.65% lower at ₹467.60 on NSE. Another reference point in the feed said the stock touched a high of ₹533.30 on February 13.

What the company does and why coverage is expanding

Lenskart Solutions Private Limited was described as an India-based company engaged in manufacturing and sale of optical and ophthalmic lenses used in spectacles, and the wholesale trade and distribution of branded and private-labelled eyewear. The brokerage commentary cited in the feed repeatedly links the stock view to growth and execution. MOFSL specifically pointed to a “superior growth profile”, “limited organised competition”, and a “long growth runway” as reasons behind its initiation stance.

From a market positioning standpoint, the combination of strong quarterly revenue growth and margin expansion metrics appears to be driving the repeated target revisions and maintained ratings. But the presence of scenario targets, including downside cases like ₹400 (Jefferies) and ₹395 (Motilal Oswal’s bear case), also shows that broker models are explicitly mapping execution risk.

Market impact and what investors are tracking

The immediate market impact in the article was visible through sharp single-day moves following brokerage initiations and earnings updates. Price action included a Tuesday rise after CLSA’s initiation, a Thursday jump after Q4 FY26 revenue growth, and a separate surge linked to Q3FY26 results. The stock’s proximity to the 52-week high, along with a wide set of targets, puts incremental focus on quarterly delivery and margin trajectory that brokers have highlighted.

The feed also included aggregated target data: an “average target price” of ₹543.79 with a “spread / average target” of +3.41%, and another section showing an “average 12-month price target” of ₹592.21 with a high estimate of ₹730 and a low estimate of ₹437. These summaries underline that the market has a broad range of expectations, even when multiple brokerages are positive.

Conclusion

Lenskart Solutions’ stock has stayed in the spotlight as it trades near its 52-week high and as brokerage coverage continues to build around earnings momentum. The article’s key datapoints include Q4 FY26 revenue from operations of ₹2,516 crore, multiple Buy or equivalent ratings, and scenario targets ranging from ₹395 to ₹735. Near-term attention is likely to remain on how upcoming quarters compare with the growth and margin benchmarks that broker notes have flagged.