Paytm shares rally 50% in 6 months, but Nomura sees 33% more upside, initiates with 'buy'; check target price, rationale
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Paytm shares rallied nearly 50% in six months, yet Nomura sees 33% more upside.
- ✓The brokerage initiated coverage with a buy rating and a target price of ₹2,250.
- ✓Nomura expects strong growth from digital payments and merchant lending, though it warned that competition and asset quality remain key business risks.
Story at a Glance
- Category
- MARKET
- Reported By
- Livemint
- Reading Speed
- 4 Minute(s)
- Market Focus
- India Economy
Paytm share price target: Paytm's growth prospects have come into focus after global brokerage Nomura initiated coverage on the digital payments company with a Buy recommendation and a target price of ₹2,250. The target implies a potential upside of 33% from the last closing price, even after the stock's nearly 50% rally over the past six months.
Nomura's bullish outlook rests on several factors, including growth in digital payments, deeper penetration of merchant lending, an improving cost structure and potential revenue from UPI merchant discount rates (MDR). The brokerage also sees opportunities in international expansion and enterprise artificial intelligence (AI), which could add to Paytm's longer-term growth prospects.
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