Is it true that brokers are now giving buy recommendations on Paytm?
Answer
Answer
Actually, not too many brokers but just one broker has given a buy call on Paytm. In the midst of all the price volatility and the price downgrades, Dolat Capital has become the first research unit to actually give a Buy call on Paytm. Dolat has given a price target of Rs.2,500 per share on Paytm
Dolat estimates Paytm to turn profitable by Mar-26. According to Dolat, Paytm will eventually metamorphose from being a seller of services to a manufacturer. That is when the growth in users will have an exponential value. Brokers like Macquarie and JM Financial remain negative on Paytm with price target for the stock at around Rs.1,200.