Positive impactCompany
Paytm shares get new Buy rating after Nomura initiates coverage. 3 reasons behind bullish call
Economic Times 1 hr ago·15 Oct 2026, 3:22 am
Japanese brokerage Nomura has initiated coverage on Paytm with a 'Buy' rating, assigning it a target price of Rs 2,250. This move signals confidence in the company's long-term growth potential, suggesting the stock could rise from current levels. The brokerage's optimism is primarily driven by expectations of strong earnings growth and a shift in the company's business model.
Investors should note that Nomura forecasts a significant expansion in Paytm's EBITDA over the coming years. This projection is based on several key factors, including the continued growth of its payments business, the monetization of its UPI platform, and the potential for new revenue streams from international expansion and enterprise AI products. These areas are viewed as critical for the company's future profitability.
Moving forward, the market will closely watch Paytm's execution on these growth initiatives. Key metrics to monitor include the pace of merchant lending, the success of its AI-led cost reduction strategies, and the uptake of its enterprise AI product. These developments will be essential in validating the bullish outlook presented by the brokerage.
Excerpt from Economic Times
Nomura has initiated coverage on Paytm with a Buy rating and a target price of Rs 2,250, implying an upside of 31%. The brokerage expects EBITDA to grow at a 96% CAGR over FY26-29F, driven by payments, merchant lending, AI-led cost efficiencies and potential UPI MDR revenue. International expansion and enterprise AI…Read the original at Economic Times
Key takeaways
- Category: Company.
- AI reads the tone as positive (potentially bullish) for the stock.
- Assessed as a significant, market-relevant update.
Why it matters
A meaningful update worth tracking. The tone is positive — historically associated with upward pressure, though not predictive. Use the price and stock snapshot to gauge how the market is responding.
