This post was originally published on this site
https://i-invdn-com.investing.com/news/LYNXNPEC0Q1B5_M.jpg
Analysts at Motilal Oswal have attributed this growth to improved operating profitability and robust Q2 revenue growth. They have given the stock a buy rating with a target price of INR 1,000. The firm also anticipates a year-on-year gross merchandise value (GMV) rise of 46% for Q2FY24 and an increase in loan disbursements.
Bernstein, meanwhile, has acknowledged Paytm’s dominant market position and set a target price of INR 1,100. The firm forecasts an earnings per share (EPS) of INR 130 by FY30E.
YES Securities maintains an ‘add’ rating for the stock with a revised target price of INR 1,025. The firm expects robust sequential revenue growth, improved EBITDA margin, and strong growth in the lending business. It also projects a rise in total expenses by 7% quarter-on-quarter due to the addition of new devices. YES Securities estimates revenue from operations at INR 2,600 crore and contribution profit at INR 14,500 crore.
These predictions reflect optimism about Paytm’s future performance, driven by its solid financials and dominant market position. The company’s consistent outperformance against moving averages and the anticipation of increased loan disbursements are also contributing factors to this positive outlook.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
