New Delhi, May 8 -- : Paytm (One97 Communications Limited) has delivered a solid operational turnaround in Q4 FY25, achieving profitability at the EBITDA before ESOP level - a significant milestone in its path to sustained profits. To this, leading brokerages have responded positively, raising their price targets and highlighting Paytm's improving fundamentals, sharp cost control, and expanding merchant ecosystem.

According to Bernstein, which reiterated its Outperform rating, Paytm has "achieved EBITDA breakeven with PAT profitability in sight." Bernstein has set a price target of Rs 1,100, implying a potential 35 per cent upside.

The brokerage attributed a couple of growth drivers leading to EBITDA before ESOP profitability this quar...