India, Sept. 23 -- Brokerage firm Jefferies has reportedly raised the price target (PT) for Paytm's parent entity One97 Communications to INR 1,420, while maintaining its BUY rating for the stock.

"We expect EBITDA to rise from a loss of INR 1,500 Cr in FY25 to profit of INR 500 Cr in FY26 & INR 1,200 Cr in FY27. We raise our FY27-28 ests (estimates) by 9-14% led by lower opex and tad higher revenues. Upsides can arise from scale-up of postpaid and approvals for MDR on UPI and wallet. We stay with our BUY call, with a revised PT of INR 1,420 based on 45x Sep-27 EV/Adj. EBITDA," read the brokerage note as per Economic Times.

The latest price target represents an upside of nearly 19% from the stock's last close of INR 1,197.10 on the BSE ...