New Delhi: Paytm has received an ‘Epic’ rating from JPMorgan. The measure reflects the growing reliance of global retailers and research firms on the development of the fintech industry.
Bullish on Paytm services in the coming regions, JPMorgan has said that Paytm could change profits quickly. The investment bank has set a net worth of Rs 1,350 on Paytm.
“Paytm is the leading shareholder in digital P2M payments and has a stake in FY22. We are ‘overweight’ on strong business growth potential, ”JPMorgan noted in a report.
Besides JPMorgan, several other global banks and brokers have recommended ‘RA’ pricing for Paytm. These include Goldman Sachs, Bank of America, Morgan Stanley, Dolat Capital, and ICICI Securities.
Paytm recently released quarterly results for the 2022 fiscal year, where it recorded strong growth of 89% YoY to Rs 1,456 crore in revenue from operations.
Meanwhile, JPMorgan also expects Paytm to see strong revenue growth in all its business sectors. The brokerage firm expects earnings in the CAGR year 50% 5 to $ 2.8 and CMs up 43% through FY26E.
Paytm is India’s leading “horizontal fintech”, which has built more sources of monetization across payments, trading and financial services than all its competitors. games across many sections below CAC vs peers, ”the report said.
JP Morgan analysts are confident about Paytm’s growing profit margins. The profit margin for Q3 FY 2022 at Rs 454 crore stands for 560% year on year. Also Read: Motorola Edge 30 Pro with Snapdragon 8 Gen 1 processor Launched: Price, Specifications
“Contributing margins in such winds are both financing and financing the financial services generated by the development in MDR transfer facilities and loans. Strong monthly transacting user development and GMV / MTU are indicative of remaining strong platform engagement. The company also pointed to a reduction in additional investments from UPI market shareholders, which could signal some gains in the intensity of the payment market competition, ”the report said. Also Read: Russia may be using Wiper malware for cyberattacks on Ukraine: All you need to know