In a fresh vote of confidence for India’s fintech giant, Jefferies has reaffirmed its “Buy” rating on Paytm’s stock (One97 Communications) and raised its 12- to 18-month price target to ₹1,420. The upgrade signals the brokerage’s belief that the stock offers roughly 21 percent upside from its current levels.
This move comes amid growing optimism around Paytm’s evolving fintech ecosystem—especially its expansion in lending, wealth management, and newer offerings like Postpaid-on-UPI. Jefferies underscores that these are not just growth levers but also proof points that Paytm is transforming beyond payments into a diversified financial services platform.
