UBS Upgrades Dixon Technologies to Buy

  Published 9 months ago

UBS upgrades Dixon Technologies to Buy, raises target to ₹23,000, forecasting strong growth by FY28.

  • Backward integration into smartphone components to boost EBITDA margins by 110 basis points by FY28.
  • Revenue projected to reach $11 billion by FY28, driven by exports, components, new verticals and growth.
  • Inorganic growth through recent JVs highlights ability to unlock additional drivers, supporting 36% revenue CAGR.

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