Swiggy shares, which have already run up close to 50 per cent from their IPO price of ₹390, still have more room to run, according to JPMorgan as the brokerage initiated coverage on the stock with a ‘buy’ rating and a target price of ₹730. JPMorgan’s price target implies a potential upside of 25 per cent in food delivery aggregator’s shares from Thursday’s closing levels of ₹582.2.