Goldman Sachs is bullish on Paytm, expecting 50% revenue growth in the coming quarters

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Goldman Sachs is bullish on Paytm, expecting 50% revenue growth in the coming quarters

Goldman Sachs anticipates that Paytm will deliver approximately 50% revenue growth in the coming quarters, as the startup continues its transition from a payments-only business to an entity with a strong financial services portfolio.

As a result, the global brokerage has reiterated its ‘buy’ rating on Paytm, with a target price of INR 1,100, implying a 61% increase from the stock’s previous close. According to the brokerage, Paytm has one of the most compelling growth stories at an appealing price within its overall internet sector coverage. It cited Paytm’s improving payment monetisation and take rates, as well as greater visibility in achieving profitability, as major reasons for adding the stock to its conviction list.

Sreejit Kumar
Sreejit Kumar
Hi, I'm Sreejit Kumar, a journalist with a Master's degree in Journalism. Through my education and professional experience, I have developed a keen eye for detail and a passion for uncovering the truth. As an author for this news website, I am committed to delivering accurate, timely, and engaging stories that inform and entertain our readers.

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Goldman Sachs anticipates that Paytm will deliver approximately 50% revenue growth in the coming quarters, as the startup continues its transition from a payments-only business to an entity with a strong financial services portfolio.

As a result, the global brokerage has reiterated its ‘buy’ rating on Paytm, with a target price of INR 1,100, implying a 61% increase from the stock’s previous close. According to the brokerage, Paytm has one of the most compelling growth stories at an appealing price within its overall internet sector coverage. It cited Paytm’s improving payment monetisation and take rates, as well as greater visibility in achieving profitability, as major reasons for adding the stock to its conviction list.

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Sreejit Kumar
Sreejit Kumar
Hi, I'm Sreejit Kumar, a journalist with a Master's degree in Journalism. Through my education and professional experience, I have developed a keen eye for detail and a passion for uncovering the truth. As an author for this news website, I am committed to delivering accurate, timely, and engaging stories that inform and entertain our readers.

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