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Markets / The Economic Times

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Paytm shares rise 3% as Goldman Sachs doubles price target, upgrades to Buy

Goldman Sachs upgraded Paytm's parent company, One 97 Communications, to 'Buy' with a significantly raised price target, citing improving regulatory conditions and strong revenue growth prospects. The brokerage anticipates over 20% revenue growth and a doubling of EBITDA margins, bolstered by recent payment aggregator authorization and strategic focus areas.

28 Nov 2025 10:27 am