Jefferies Bullish On Paytm, Hikes Target Price To INR 1,420

Jefferies attributed the higher PT to Paytm’s 45 Mn merchant base, the “well” performing lending business and new opportunities in BNPL and and wealth management products

The brokerage projected that Paytm’s lending momentum will continue, adding that the company is also capitalising on its existing client base for wealth management products

The bullishness comes as the Vijay Shekhar Sharma-led company turned profitable in Q1 FY26 and posted a net profit of INR 122.5 Cr…