Citi has reiterated its Buy rating on Paytm and raised the target price to ₹1,215 per share, indicating a potential upside from the current market price of ₹1,053.10.
The brokerage highlighted that Q1FY26 results were stronger than expected, particularly on adjusted EBITDA, which benefitted from improved cost efficiencies and profits from non-DLG segments. Citi noted that the company’s ongoing efforts in streamlining operations have started to reflect positively in its financial performance.
Paytm’s merchant business continues to perform strongly, while the consumer segment is showing early signs of recovery, further boosting the confidence of the brokerage in its medium-term outlook.
Disclaimer: The brokerage views expressed above are those of Citi. This article does not constitute investment advice. Readers are advised to consult their financial advisor before making any investment decisions.
