Bernstein initiates coverage on Paytm stock with an ‘outperform’ rating

  • Bernstein assigned Paytm a 12-month target price of Rs 1,100, indicating a 21% potential upside, and predicts a 4% market share by FY26E in the lending business.
  • Bernstein expects Paytm to break even by FY25E and generate an EPS of Rs 130 by FY30E due to increasing loan disbursals and stable margins in its payments sector.
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