Paytm share price jumps over 7% after Emkay upgrades stock to ‘Buy’, raises target | Stock Market News
Paytm share price jumped over 7% on Thursday after brokerage firm Emkay Global Financial Services upgraded its rating on the stock to ‘Buy’ from ‘Add’ earlier. Emkay Global also increased Paytm share price target to ₹1,050 from ₹750 earlier.
Emkay’s revised target price for Paytm shares implies an upside potential of 23% from Wednesday’s closing price. The brokerage firm upgraded its earnings estimates over FY26-31E by 20-40% factoring in better revenue trajectory and cost optimization measures
Anand Dama, Senior Research Analyst at Emkay Global Financial Services believes that recent correction in Paytm stock price offers an attractive entry point given the reasonable valuations.
At 9:50 AM, Paytm shares were trading 6.08% higher at ₹910.40 apiece on the BSE.
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
