Nomura assigns 'Buy' rating to Paytm, citing 96% EBITDA growth
1 report, 1 independent
Updated Thu 00:00
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What happened
Nomura initiated coverage on One 97 Communications, the parent company of Paytm, assigning a 'Buy' rating on October 15, 2026. The brokerage set a target price of Rs 2,250 per share, implying a 31.4 percent upside potential. Nomura expects Paytm's EBITDA to grow at a compound annual growth rate of 96 percent between FY26 and FY29.
From moneycontrol.com
Why it matters
The rating is based on expectations of strong growth in Paytm's core payments and merchant lending businesses, supported by a leaner cost structure and AI-driven efficiencies. Nomura also sees additional growth opportunities from international expansion and the proposed introduction of merchant discount rates on select UPI transactions.
From moneycontrol.com
Who's involved
- NomuraAssigned the 'Buy' rating and target price for Paytm.
- PaytmThe fintech company receiving the 'Buy' rating and growth projections.
- One97 CommunicationsThe parent company of Paytm.
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The entities involved
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- Nomura is a Japanese financial services holding company.