Analysts expect Paytm shares to more-than-double from here on. Here's why

While investors have preferred to stay on the sidelines on Paytm stock, Goldman Sachs believes the risk-reward for Paytm are skewed to the upside

Paytm
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Nikita Vashisht New Delhi
Despite a widened loss in March quarter of fiscal 2021-22 (Q4FY22), analysts expect fintech major Paytm's share price to more-than-double from here on riding on improving margins, and expectations of becoming a adjusted-EBITDA breakeven company by the end of fiscal 2023-24 (FY24). Ebitda is earnings before interest, taxes, depreciation, and amortisation.

Analysts have the highest target of Rs 1,400 per share on the stock, implying an upside of 126 per cent. On the downside, however, the shares may fall up to 27.4 per cent to Rs 450.

On the bourses, shares of One97 Communications-owned Paytm bounced back over 14 per

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First Published: May 23 2022 | 12:54 PM IST

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