InvestorQ : Is it true that brokers are now giving buy recommendations on Paytm?
sara Kunju made post

Is it true that brokers are now giving buy recommendations on Paytm?

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Mary Joseph answered.
5 months ago
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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.

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