Jefferies expects Paytm to turn profitable in next 4 quarters
Jefferies has set a target price of ₹1,300 for Paytm, a 34% upside compared with its closing price on October 19.
Jefferies has set a target price of ₹1,300 for Paytm, a 34% upside compared with its closing price on October 19.
During the quarter, the company’s earnings before interest, taxes, depreciation and amortisation (EBITDA) before ESOP improved by ₹452 crore YoY.
Foreign brokerage believes path to profitability is not clear since company lacks leadership in most segments.