Paytm share price rises over 3% as Goldman Sachs lifts target by 123% to ₹1,570 on improving growth visibility
Shares of One 97 Communications, the parent company of Paytm, surged 3.4% to ₹1,325 apiece on Friday, November 28, hitting the day’s high of ₹1,336 apiece as investor sentiment improved after global brokerage firm Goldman Sachs issued an upbeat outlook on the company.
Goldman Sachs turned bullish on Paytm, upgrading its rating on the counter to ‘Buy’ from ‘Neutral’ and sharply raising its 12-month target price by 123% to ₹1,570 apiece from the previous ₹705 apiece.
