Paytm shares rallied after Bernstein raised its target price to Rs 2,200, implying 52% upside, while retaining an Outperform rating. The target is the highest on the Street and the first above Paytm’s Rs 2,150 IPO price, with Bernstein factoring in UPI MDR from FY28.
Paytm shares rallied after Bernstein raised its target price to Rs 2,200, implying 52% upside, while retaining an Outperform rating. The target is the highest on the Street and the first above Paytm’s Rs 2,150 IPO price, with Bernstein factoring in UPI MDR from FY28.
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Shares of One97 Communications, the parent company of payments aggregator Paytm, rallied 4.5% to their day’s high of Rs 1,506 on the BSE on Monday after Bernstein raised its target price on the stock to Rs 2,200 (52%upside) from Rs 1,500, while retaining its Outperform rating.The revised target is the highest on the Street and marks the first time Paytm has received a target price above its IPO price.Paytm made its stock market debut in July 2021 at an issue price of Rs 2,150, a level the stock…
