Monday, 22 September, 2025
Jefferies Retains “Buy” on Paytm, Raises Target to ₹1,420—Sees 21% Upside
Jefferies has reaffirmed a “Buy” rating on Paytm, raising its price target to ₹1,420—about 21% above its current trading level of ₹1,197. The brokerage cited Paytm’s strong merchant network (45 million merchants), improving lending business, and promising growth levers in Postpaid-on-UPI and wealth management. Jefferies forecasts a revenue CAGR of 24% for FY25-28, expects EBITDA margins to improve to ~15% by FY28, and sees profits returning from FY26.
Read full story at Economic Times