Morgan Stanley has maintained its equal-weight rating on PB Fintech, setting a target price of ₹1,375, indicating a potential downside of 15% from the current market price of ₹1,627. The company posted strong revenue momentum, with both revenue and adjusted EBITDA surpassing Morgan Stanley’s estimates. The adjusted EBITDA margin remained steady quarter-over-quarter, reflecting consistent operational performance.
However, Morgan Stanley flagged the stock’s valuation as expensive, suggesting that despite strong revenue performance, the upside may be limited in the long term. Good revenue performance could support the stock in the near term, but the high valuation tempers Morgan Stanley’s outlook.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Please consult with a financial advisor before making any investment decisions.
