![Jefferies expects Paytm to turn profitable in next 4 quarters](https://images.assettype.com/fortuneindia%2F2023-02%2F09989744-8467-4c7d-ad1e-7a82c1b27a95%2FPaytm_Office_IMG_1680_copy_2__1_.jpg?rect=0,0,2048,1024&w=300&q=95)
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.