Bernstein hikes Paytm target to Rs 1100 as India’s fintech sector expands rapidly

New Delhi [India], January 9 (ANI): India’s fintech ecosystem is witnessing rapid growth, with players like One97 Communications Ltd (Paytm) scaling operations while working toward achieving steady-state economics.

In a recent analysis, Bernstein has given a target of Rs 1100 for Paytm using a price-to-earnings (P/E) multiple-based approach.

This valuation is derived from a P/E multiple of 25x on FY30 earnings per share (EPS). The report notes that while fintech companies are expected to enjoy premium valuations during their growth phase, intensifying competition in the long term could result in a compression of these valuation multiples.