# Goldman Sachs has reiterated its 'Buy' rating for Paytm (One 97 Communications Ltd.) The brokerage has set a target price of ₹1,400, which suggests a potential upside of 22% from current prices.

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

## Key points

- Goldman Sachs maintains a 'Buy' rating on Paytm with a target price of ₹1,400.
- Paytm's UPI market share by value rose to 6.5% in March 2026, indicating recovery.
- Paytm's loan book grew 11% QoQ in Q4, a marked acceleration from 2% in Q3.
- Paytm fully wrote off its investment in PPBL and earns no revenue from the bank.
- Paytm received payment aggregator authorization for online and offline merchants in late 2025.

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

[Read the full story on Devdiscourse](https://www.devdiscourse.com/article/business/3888143-goldman-sachs-reaffirms-paytms-growth-potential-amid-regulatory-changes)

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