# Goldman Sachs has reiterated its "Buy" rating on Paytm with a target price of ₹1,400.

*fintech · news · 2026-04-27 · Moneycontrol*

## Key points

- Paytm's UPI market share by value rose to 6.5% in March 2026, up from 6.2% in December 2025.
- Paytm's merchant app download market share in Q4 FY26 fully recovered to 2023 levels.
- Paytm migrated its UPI handles to partner banks after receiving TPAP license from NPCI in March 2024.
- Paytm's loan book grew 11% QoQ in Q4, compared to 2% QoQ in Q3, highlighting lending momentum.
- Regulatory action is viewed as procedural, with Paytm decoupled from PPBL and no fresh escalation indicated.

**Companies:** Goldman Sachs, One 97 Communications Ltd. (Paytm)
**Countries:** India, United States

[Read the full story on Moneycontrol](https://www.moneycontrol.com/news/business/markets/paytm-gets-fresh-goldman-sachs-vote-of-confidence-brokerage-sees-22-upside-13900358.html)

---

Canonical: https://newsio.io/n/0c465401-42c9-403d-a932-f3bb7dc284d3/goldman-sachs-has-reiterated-its-buy-rating-on-paytm-with-a-target-price-of-1400
Summarized by Newsio from Moneycontrol. https://newsio.io/how-it-works