WeWork India Share Price: Analysts Predict Significant Upside, Target ₹900
WeWork India Management Ltd. (WEWO) is drawing increased attention from major brokerage firms, fueling speculation about its potential to reach ₹900 per share soon. Both ICICI Securities and Jefferies have issued bullish ratings for the stock, citing the company's strong position in the flexible workspace market and sustained demand.
On November 21, 2025, WeWork India's share price closed at ₹619.75 on the NSE. The average 12-month price target from analysts is ₹839.67, with a high estimate of ₹914 and a low estimate of ₹790. This indicates a potential upside of over 35%.
Bullish Ratings from Brokerages
ICICI Securities has initiated coverage on WeWork India with a "Buy" rating and a target price of ₹914 per share. This target suggests a potential upside of 47% from the previous close. The brokerage highlighted the growth in flexible workspaces and the company's strong backing from the Embassy Group as key drivers for its positive outlook. WeWork India is the exclusive licensee of the WeWork brand in the country and is owned and promoted by the Embassy Group, a leading real estate developer with a commercial portfolio of over 85 million sq ft.
Jefferies also initiated coverage on WeWork India with a "Buy" rating, setting a target price of ₹790 per share. This target implies an upside of nearly 23% from the current price. Jefferies noted the company's premium position in the flexible workspace market, its strong mix of enterprise clients, and sustained demand from Global Capability Centers (GCCs) as factors supporting a multi-year growth cycle.
Factors Driving Growth
Several factors contribute to the positive outlook for WeWork India. The demand for co-working spaces is rising, and WeWork India is well-positioned to capitalize on this trend. Jefferies expects the company to add 15,000 to 20,000 seats annually over the next three years. As of September 2025, WeWork India had 114,500 operational desks across 7.7 million sq ft of leasable area, with a total desk capacity, including letters of intent, of 144,800 seats across 10 million sq ft. Approximately 94% of its desks are located in Grade A properties.
WeWork India's premium positioning also boosts its pricing power and margins. The company's average revenue per member (ARPM) is approximately ₹20,000 per desk per month, nearly double that of its listed competitors.
Financial Performance
WeWork India has demonstrated strong financial performance. The company reported record revenue of approximately INR 585.5. Jefferies forecasts a 22% IGAAP revenue CAGR and a 28% EBITDA CAGR for WeWork India over FY25-28.
Key Risks
Despite the positive outlook, there are also risks to consider. One challenge is the decline in free cash flow from operations year-over-year. Occupancy risk is another major concern, as any significant drop in occupancy could negatively impact the company's performance.
Market Performance and Analyst Recommendations
On November 21, 2025, WeWork India's share price was ₹619.75 on the NSE. Three analysts recommend buying the stock, while none suggest selling, leading to an overall rating of "Strong Buy".
Disclaimer: The views and investment tips expressed above are those of various experts and analysts. Investors are advised to consult with certified experts before making any investment decisions.
