Vodafone Idea gets share upgrade from JP Morgan; check target price, rating

Vodafone Idea share upgrade, JP Morgan: Global brokerage firm JP Morgan has upgraded Vodafone Idea shares to ‘Neutral’ from ‘Underweight’. The stock upgrade comes as JP Morgan analysts believe the telecom services’ provider’s capital raise of Rs 25,000 crore and spectrum dues’ conversion augur well for the stock.

JP Morgan has also revised Vodafone Idea share target price to Rs 10 from Rs 7, implying an 8.8-per cent upside from the stock’s last closing price of Rs 9.19 per share on the BSE. This target price is for December 2025.