Paytm shares snap three-day losses, rise nearly 4% as ICICI Securities hikes price target

Paytm share price

The shares of One97 Communications Ltd, the parent company of Paytm, rose nearly 4 on November 26 after ICICI Securities hiked target price for the stock, while maintaining its 'Buy' rating.

The shares of the company closed at Rs 1,288 apiece, snapping a three-session losing streak.

ICICI Securities on Paytm:

ICICI Securities hiked its target price for Paytm shares to Rs 1,450 apiece from Rs 1,240 apiece. The latest target price implies an upside potential of nearly 17 percent from the stock’s previous closing price.

The domestic brokerage said that it sees strong earnings growth potential driven by payment and loan distribution expansion, margin improvement through product upgrades and better UPI mix. "Paytm's plans for traction in postpaid, wallet and international segment complemented by its diverse presence across the payment ecosystem could support a net revenue of Rs 12,523 crore by FY28," said ICICI Securities.

“Given these levers, we consider risk-reward as favourable. There is also better success now in terms of product innovations, customer/merchant retention and free cash flow maximisation. Regulatory challenges, including its impact on loan growth, remain key risks,” it added.

ICICI Securities estimates subscription revenue of Rs 1,670 crore/Rs 1,950 crore and profit after tax of Rs 1,530 crore/Rs 2,230 crore for FY27/28.

Paytm share price history:

Despite today’s gains, Paytm shares have fallen more than 1 percent in the past one month. The stock has however rallied more than 48 percent in the past six months, and is up over 30 percent in 2025 so far.

After hitting a 52-week low of Rs 651.50 on March 11 this year, the stock jumped a whopping 108 percent in less than eight months to hit a 52-week high of Rs 1,353.80 apiece on November 10. The stock has fallen nearly 5 percent since then.

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