Bank of America (BofA) has maintained a ‘Neutral’ rating on PB Fintech, with a target price of ₹1,975, implying a potential upside of 17% from its current market price of ₹1,685.9. The brokerage noted that the company is addressing concerns behind its recent underperformance, while the management clarified no decision has been made regarding its entry into healthcare. With a disciplined approach to cash burn and the continued dominance of Policybazaar in the online insurance space, PB Fintech’s core business momentum remains strong.
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