Paytm’s clean enforcement, cost discipline and merchant dominance strengthens long -term confidence

Jefferies, Yes Securities and Dolat Capital Paytm Target Price Post Strong Earnings, Margin Expansion and First-Nafak Quarter. Analysts quote the leverage leverage, financial services and disciplinary cost structure corrections operating as long -term growth catalysts

Analysts have expressed strong optimism for the Noida -based payment leader at Paytm’s strong Q1 FY26 exhibition at Key Financial Matrix.

Jefferies, Yes Securities and Dolat Capital have improved their 12 -month target price, showing Paytm’s long -term profitability and trust in the growth strategy.

Jefferies has put a ‘buy’ rating on Paytm, which has increased its target price from 900D to $ 1,250. Brokerage cited strong performance in major businesses. “We increase EBITDA estimates for the financial year 26-28, whose leadership is a slightly higher contribution margin and operating ponding leverage,” Jefferies noted that CAGR, “Jefferies noted that,” Jefferies noted.

Yes securities confirmed its ‘ad’ rating and increased its 12 -month target price from ₹ 1,025 to 1,200 D to 1,200. Pay FIRM Paytm is valued on 35X FY28 earnings supported by 28% of FY28 and FY 31.

Yes, Paytm’s continued move towards the profitability and power of his payment business. “The payment business without MDR on UPI is already profitable on UPI, and when MDR-Baring Form factors increase, net payment margins will increase due to the increase in credit cards, EMI and loyalty points.” The report states.

Dolat Capital is also booming, raising its target price from 4 1,400 to $ 1,200 while maintaining its ‘buy’ rating. The Pay FirM noted that Q1fy26 received the first quarter of Paytm, the first quarter of Paytm, at both EBITDA and PAT, with no one-benefit. This revised valuation reflects the positive outlook on Paytm’s structural profitability travel, operating petting leverage, and strong exhibition brokers in its main professional parts.

Brokerage FY26E and FY27E ENABE ADDRESS ENGRY 1% and appreciates the company 45X EV/EBITDA and ~ 63x on FY 27E ear earnings.

Paytm expands its reach in payment, financing and commercial services, analysts see it creating a strong foundation for long -term growth and profitability.

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