Paytm share price target: What should investors do with Paytm stock? Heres what brokerages suggest
Paytm share price target: Should you buy, sell, or hold Paytm stock? Global brokerages have revised their target prices on One 97 Communications, the parent company of Paytm after the fintech firm reported its quarterly earnings for the January-March period.
Paytm share price target, Paytm share price target, Paytm Q4 Results 2024: Should you buy, sell, or hold Paytm stock? Global brokerages have revised their target prices on One 97 Communications, the parent company of Paytm after the digital payment firm reported its quarterly earnings for the January-March period.
Should you buy, sell, or hold Paytm stock?
Jefferies has upgraded Paytm to hold from an underperform. However, the brokerage has trimmed the target to Rs 400 apiece from Rs 500 apiece earlier. It is to be noted the stock was not rated by Jefferies since the RBI issues started.
In addition, JP Morgan has maintained an underweight call on the counter. The brokerage has slashed the target by Rs 250 apiece on Paytm stock to Rs 350 per share.
Morgan Stanley has maintained an equal-weight rating on the stock with a target of Rs 555 apiece while Macquarie has maintained an underperform rating with a target of Rs 275 apiece.
Meanwhile, Citi has maintained a sell call on Paytm with a reduced target of Rs 360 apiece from Rs 365 apiece.
Paytm Q4 Results 2024
The company said that its consolidated net loss widened to Rs 549.60 crore from Rs 219.80 crore in the December quarter. The company had posted a loss of Rs 167.5 crore in the same period a year ago. The revenue from operations of Paytm declined 2.8 per cent to Rs 2,267.1 crore during the reported quarter from Rs 2,464.6 crore in the corresponding quarter of the financial year 2023.
However, the company's loss narrowed to Rs 1,422.4 crore for the year ended March 31, 2024. The company had recorded a loss of Rs 1,776.5 crore in FY23.
The annual revenue of Paytm increased by about 25 per cent to Rs 9,978 crore for FY24 from Rs 7,990.3 crore in FY23. Read more on Paytm Q4 Results 2024
Paytm share price NSE today
Halting the 3-day gaining streak, the stock declined 2.94 per cent or Rs 10.85 to settle at Rs 358 on NSE.
(With PTI inputs)
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