Stories
Paytm Shares Fall But Goldman Sachs Raises Target Past INR 2000
C
CNBC TV18•08-10-2026, 10:35
Paytm Shares Fall But Goldman Sachs Raises Target Past INR 2000
- •Goldman Sachs raised its price target on One 97 Communications, Paytm's parent company, by 38 percent to INR 2,070 while maintaining a buy rating.
- •The stock experienced a 10 percent intraday decline following reports that the implementation of the UPI merchant discount rate might be delayed.
- •Goldman Sachs highlights strong market share, revenue growth, and margin momentum as key reasons for its positive outlook on the company.
- •Out of 23 analysts covering Paytm, 18 have a buy rating, five have a hold recommendation, and none currently have a sell rating.
Key Questions Answered
Goldman Sachs raised its price target for Paytm's parent company, One 97 Communications, to ₹2,070 while maintaining a "buy" rating. This revised target implies an upside potential of 19.5% from the stock's closing level on Wednesday.
Paytm shares declined by up to 10% following a CNBC-TV18 report indicating that the implementation dates for the UPI merchant discount rate (MDR) might be pushed back. This downward movement affected multiple payment aggregators after news surfaced that a request to defer the MDR rollout was under consideration.
A total of 23 analysts cover Paytm, with no analysts maintaining a "sell" rating on the stock. Out of these, 18 analysts have a "buy" rating and five hold a "hold" recommendation.
