# Goldman Sachs has reiterated its 'Buy' rating on Paytm (One 97 Communications Ltd.), projecting a target price of ₹1,400.

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

## Key points

- Goldman Sachs has reaffirmed its 'Buy' rating on Paytm with a target price of ₹1,400.
- Paytm's gross merchandise value is projected to grow 26% year-over-year in Q4 FY26.
- Paytm's financial services revenue is forecasted to grow 33% year-over-year.
- Paytm's loan book grew 11% quarter-over-quarter in Q4 2026, up from 2% in Q3.
- Goldman Sachs notes Paytm has reduced reliance on PPBL, lessening regulatory risks.

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

[Read the full story on Devdiscourse](https://www.devdiscourse.com/article/business/3888181-goldman-sachs-reinforces-buy-rating-on-paytm-amid-promising-market-recovery)

---

Canonical: https://newsio.io/n/9b322cb0-096c-45e1-bb8f-1e36077ed4f1/goldman-sachs-has-reiterated-its-buy-rating-on-paytm-one-97-communications-ltd-p
Summarized by Newsio from Devdiscourse. https://newsio.io/how-it-works