Macquarie cuts Paytm target price by 58%
Tuesday, 13 February 2024
According to Macquarie Equity Research, Paytm faces a "serious risk" of user migration as a result of recent regulatory diktats, jeopardising both its monetisation and business model. The firm downgraded parent company One97 Communications to underperform and reduced its target price to Rs 275 from Rs 650 before.
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