Paytm stock climbs to 13-month high as UBS raises target price, up 200% from record low
Stock Market Today: Shares of One 97 Communications, the parent company of Paytm, surged nearly 3.40% in Thursday's trade to hit a 13-month high of ₹950 apiece, bringing the stock closer to the ₹1,000 level. The stock has been drawing significant attention on Dalal Street due to several positive developments, with the latest being a target price hike by global brokerage firm UBS. For FY26, Paytm’s revenue is expected to align with FY24 levels, and the adjusted EBITDA break-even is likely to occur by Q4 FY25, it said, adding that the stock has This target price revision marked the second upgrade in a week, following a similar move by Bernstein, which raised its target price on the stock to ₹1,000 from ₹750, reaffirming its bullish stance on the fintech company. The brokerage highlighted several growth drivers that could propel Paytm’s profitability, including a recovery in payment margins, regulatory changes, and the company's lending strategy.
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