Paytm shares succumb to selling pressure again as Goldman lowers target
Thu, Feb 22, 2024 10:44 AM

Paytm shares succumb to selling pressure again as Goldman lowers target

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Paytm's stock rally was halted after Goldman Sachs slashed its target price due to lower revenue and EBITDA estimates. Analysts remain cautious and suggest not investing in the company until regulatory concerns are resolved. Paytm's partnerships with Axis Bank and PPBL are expected to provide stability but there could be risks depending on user/merchant retention.

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