Macquarie cuts Paytm’s target price to 900. Paytm down 4%

Macquarie maintained its rating as “Underperform” regarding Paytm. It also cuts down Paytm’s target price from 1200 to 900. Macquarie reduces Paytm’s revenue CAGR from 26% to 23%. In addition to this it also cuts Paytm’s earnings projection from 27% to 16% for FY22-25E .  Since its listing, Paytm fell by 40%. At present, it …

Macquarie cuts Paytm’s target price to 900. Paytm down 4% Read More »