Morgan Stanley lifts Paytm target 35% to ₹1,950
In short
Morgan Stanley raised its Paytm target price by 35% to ₹1,950. That target was about 22% above Paytm’s October 27 closing price of ₹1,601.60.
This matters because a higher target can support market sentiment around the stock. The report does not say what earnings assumptions changed or whether the rating itself was also changed.
What the reporting says
Morgan Stanley raised its target price on Paytm by 35% to ₹1,950, implying about 22% upside from the stock’s October 27 close of ₹1,601.60, according to a publisher summary. The note was based on earnings upside. The reporting does not specify the new earnings assumptions or whether the brokerage changed its rating.
Why it matters
Morgan Stanley turned more bullish on Paytm by raising its target price 35% to ₹1,950, which implies about 22% upside from the October 27 close of ₹1,601.60. The move reflects earnings upside in the brokerage’s view and could influence investor sentiment toward Paytm shares. The reporting does not provide the underlying earnings changes or any full rationale beyond the target revision.