New Delhi, July 23 -- Leading global and domestic brokerages have rallied behind One97 Communications Ltd (Paytm) following its robust Q1FY26 results, describing the quarter as a pivotal moment in the company's journey to sustainable profitability.

Analysts from BofA, Goldman Sachs, Morgan Stanley, Bernstein, Motilal Oswal, Citi, HSBC, ICICI Securities, Jefferies, and JPMorgan have issued positive commentary, with many raising their price targets.

India's financial services firm Motilal Oswal called the results a "significant turnaround," citing a profit after tax (PAT) of Rs 1.2 billion and record-high contribution margins of 60 per cent. The brokerage attributed the improvement to continued cost rationalisation and a scale-driven marg...