Economic TimesLean R·
Paytm shares get new Buy rating after Nomura initiates coverage. 3 reasons behind bullish call
Nomura has initiated coverage on Paytm with a Buy rating and a target price of Rs 2,250, implying an upside of 31%. The brokerage expects EBITDA to grow at a 96% CAGR over FY26-29F, driven by payments, merchant lending, AI-led cost efficiencies and potential UPI MDR revenue. International expansion and enterprise AI product Pi offer additional growth opportunities.
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