Goldman Sachs is bullish on Paytm, expecting 50% revenue growth in the coming quarters

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Goldman Sachs anticipates that Paytm will deliver approximately 50% revenue growth in the coming quarters, as the startup continues its transition from a payments-only business to an entity with a strong financial services portfolio.

As a result, the global brokerage has reiterated its ‘buy’ rating on Paytm, with a target price of INR 1,100, implying a 61% increase from the stock’s previous close. According to the brokerage, Paytm has one of the most compelling growth stories at an appealing price within its overall internet sector coverage. It cited Paytm’s improving payment monetisation and take rates, as well as greater visibility in achieving profitability, as major reasons for adding the stock to its conviction list.

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Goldman Sachs is bullish on Paytm, expecting 50% revenue growth in the coming quarters

Goldman Sachs anticipates that Paytm will deliver approximately 50% revenue growth in the coming quarters, as the startup continues its transition from a payments-only business to an entity with a strong financial services portfolio.

As a result, the global brokerage has reiterated its ‘buy’ rating on Paytm, with a target price of INR 1,100, implying a 61% increase from the stock’s previous close. According to the brokerage, Paytm has one of the most compelling growth stories at an appealing price within its overall internet sector coverage. It cited Paytm’s improving payment monetisation and take rates, as well as greater visibility in achieving profitability, as major reasons for adding the stock to its conviction list.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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