Goldman Sachs Bullish On Paytm, Sees 50% Revenue Growth For Next Few Quarters

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Goldman Sachs reiterated its ‘buy’ rating on Paytm with a target price of INR 1,100, which implies about a 61% upside to the stock’s last close

The brokerage said that Paytm has one of the most compelling growth stories at an attractive price within its overall internet sector coverage

It cited Paytm’s improving payment monetisation and take rates and higher visibility in achieving profitability as some of the major reasons behind adding the stock to its conviction list

Goldman Sachs expects fintech major Paytm to deliver about 50% revenue growth for the next few quarters and sees the startup continuing its transition from a payments-only business to an entity with a strong financial services portfolio.
As a result, the global brokerage has reiterated its ‘buy’ rating on Paytm with a target price of INR 1,100, which implies about a 61% upside to the stock’s last close. Besides, Goldman Sachs has also added the stock to its ‘conviction list’, which



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