Against the backdrop of the recently announced results for the quarter ended December 2021 (Q3-FY22), foreign brokerages remain divided on the outlook for Paytm’s stock and the company’s performance.
While Goldman Sachs has upgraded Paytm to ‘buy’ with a target price of Rs 1,460, about 56% upside from current levels (Rs 1,600 earlier), citing results in December 2021 (Q3FY21) After a favorable risk-reward, those at Macquarie have lowered their target price to Rs 700, down about 25% from here.
Complete News Source : Business Standard
