Goldman Sachs remains bullish on Paytm, expects valuation upside on higher revenue growth

New Delhi [India], June 29 (ANI): Global brokerage Goldman Sachs has maintained a positive outlook on Paytm, raising its revenue and EBITDA estimates on the back of continued market share gains in payments and strong growth in financial services.

The brokerage said Paytm’s valuation multiple has room to re-rate if the company sustains revenue growth of over 20 per cent.

It said it has increased its revenue estimates for Paytm by 2 per cent and EBITDA estimates by up to 6 per cent.