Bernstein predicts Paytm shares to rally by 23%, cites ‘several near-term catalysts’

Global brokerage Bernstein has given Paytm an “Outperform” rating with a target price of Rs 1,100 — implying a 23.4% upside from current levels. The firm sees a non-linear earnings growth trajectory, with several near-term catalysts including stable UPI market share, rising loan disbursals, and potential revival of its Payment Aggregator license.