News > Goldman Sachs upgrades rating on Paytm shares to 'buy'; here's why

Goldman Sachs upgrades rating on Paytm shares to 'buy'; here's why

Goldman Sachs has upgraded its rating on Paytm shares to "buy" from "neutral" and revised its target price on the stock to Rs 1,460 from Rs 1,600.

Factors driving the upgrade were better-than-expected take rate, continued market share gains in payments vertical, continued strong traction in lending, the healthy performance of loan portfolio and significant improvement in risk-reward ratio, as per the global brokerage firm.