Macquarie raises Paytm target price by 64% to ₹2,025, names it top Fintech pick

Mumbai (Maharashtra) [India], September 30 (ANI): Global brokerage Macquarie has raised its target price on Paytm by 64% to ₹2,025 from ₹1,235 and upgraded the stock to ‘Outperform’ from ‘Neutral’, citing strong revenue growth, improving cross sell and disciplined cost control.

Macquarie said these factors “underpin a sharper margin trajectory” and raised its average EBITDA margin estimates by around 6% over FY27 to FY29.