Macquarie raises Paytm target price by 64% to ₹2,025
after close1 source ↓written by the desknot a recommendation
- target price
- 64%
- ₹2,025
- ₹1,235
- from the current
- 23% upside
- market price
- ₹1,647
Global brokerage Macquarie has upgraded Paytm to ‘Outperform’ and raised its target price by 64% to ₹2,025 from ₹1,235. This reflects strong revenue growth and improved cost control, with an estimated 23% upside from the current market price of ₹1,647. The upgrade is driven by the MDR notification, providing a potential ₹1,000 cr revenue boost with high EBITDA conversion.
Not investment advice. For informational purposes only.