{"id":160721,"date":"2026-07-21T09:17:54","date_gmt":"2026-07-21T03:47:54","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=160721"},"modified":"2026-07-21T09:17:55","modified_gmt":"2026-07-21T03:47:55","slug":"paytm-share-price-target-citi-rs-1560-buy-21-july-2026","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/paytm-share-price-target-citi-rs-1560-buy-21-july-2026\/","title":{"rendered":"Paytm Share Price Target Raised to Rs 1,560 by Citi After Q1 FY27 EBITDA Beats Estimates by 16%: Key Takeaways for Investors"},"content":{"rendered":"<div class=\"meta-block\"><\/div>\n<p style=\"border-left: 4px solid #1F4E79; background: #EBF3FB; padding: 10px 16px; font-style: italic;\"><em>Citi keeps Buy on Paytm, raises target to Rs 1,560. Q1 FY27 EBITDA Rs 200 crore, 16% above estimates. Revenue up 28% YoY, contribution margin 55%. Stock last closed at Rs 1,347.50 on NSE.<\/em><\/p>\n<p>Paytm share price target has been raised to Rs 1,560 by global brokerage Citi, which retained its Buy rating on One97 Communications after a stronger than expected first quarter. The upgrade follows Q1 FY27 EBITDA of Rs 200 crore, which came in 16 percent above the brokerage&#8217;s estimates.<\/p>\n<p>With the stock last closing at Rs 1,347.50 on the NSE, the revised Paytm share price target implies meaningful upside from current levels. This article breaks down the six key points from the Citi note and what they mean for investors in the fintech major.<\/p>\n<p style=\"margin-top: 24px;\"><a href=\"https:\/\/univest.in\/user\/log-in\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/paytm-share-price-target-citi-rs-1560-buy-21-july-2026\/#Why_Citi_Raised_Its_Paytm_Share_Price_Target\" title=\"Why Citi Raised Its Paytm Share Price Target\">Why Citi Raised Its Paytm Share Price Target<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/paytm-share-price-target-citi-rs-1560-buy-21-july-2026\/#Paytm_Share_Price_Target_and_Q1_FY27_Numbers_at_a_Glance\" title=\"Paytm Share Price Target and Q1 FY27 Numbers at a Glance\">Paytm Share Price Target and Q1 FY27 Numbers at a Glance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/paytm-share-price-target-citi-rs-1560-buy-21-july-2026\/#UPI_MDR_The_Optional_Upside_in_the_Paytm_Share_Price_Target\" title=\"UPI MDR: The Optional Upside in the Paytm Share Price Target\">UPI MDR: The Optional Upside in the Paytm Share Price Target<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/paytm-share-price-target-citi-rs-1560-buy-21-july-2026\/#What_Should_Investors_Tracking_Paytm_Share_Price_Target_Do\" title=\"What Should Investors Tracking Paytm Share Price Target Do\">What Should Investors Tracking Paytm Share Price Target Do<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/paytm-share-price-target-citi-rs-1560-buy-21-july-2026\/#Paytms_Turnaround_Journey_Behind_the_Numbers\" title=\"Paytm&#8217;s Turnaround Journey Behind the Numbers\">Paytm&#8217;s Turnaround Journey Behind the Numbers<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/paytm-share-price-target-citi-rs-1560-buy-21-july-2026\/#Risks_to_the_Paytm_Share_Price_Target\" title=\"Risks to the Paytm Share Price Target\">Risks to the Paytm Share Price Target<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/paytm-share-price-target-citi-rs-1560-buy-21-july-2026\/#How_the_Street_Is_Positioned_on_Paytm\" title=\"How the Street Is Positioned on Paytm\">How the Street Is Positioned on Paytm<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/paytm-share-price-target-citi-rs-1560-buy-21-july-2026\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/paytm-share-price-target-citi-rs-1560-buy-21-july-2026\/#FAQs_on_the_Citi_Paytm_Share_Price_Target_of_Rs_1560\" title=\"FAQs on the Citi Paytm Share Price Target of Rs 1,560\">FAQs on the Citi Paytm Share Price Target of Rs 1,560<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/paytm-share-price-target-citi-rs-1560-buy-21-july-2026\/#What_is_the_new_Paytm_share_price_target_set_by_Citi\" title=\"What is the new Paytm share price target set by Citi?\">What is the new Paytm share price target set by Citi?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/paytm-share-price-target-citi-rs-1560-buy-21-july-2026\/#Why_did_Citi_raise_the_Paytm_share_price_target\" title=\"Why did Citi raise the Paytm share price target?\">Why did Citi raise the Paytm share price target?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/paytm-share-price-target-citi-rs-1560-buy-21-july-2026\/#What_drove_the_Paytm_EBITDA_beat_in_Q1_FY27\" title=\"What drove the Paytm EBITDA beat in Q1 FY27?\">What drove the Paytm EBITDA beat in Q1 FY27?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/paytm-share-price-target-citi-rs-1560-buy-21-july-2026\/#What_is_the_latest_Paytm_share_price\" title=\"What is the latest Paytm share price?\">What is the latest Paytm share price?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/paytm-share-price-target-citi-rs-1560-buy-21-july-2026\/#How_would_UPI_MDR_affect_the_Paytm_share_price_target\" title=\"How would UPI MDR affect the Paytm share price target?\">How would UPI MDR affect the Paytm share price target?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/paytm-share-price-target-citi-rs-1560-buy-21-july-2026\/#Is_the_Rs_1560_Paytm_share_price_target_guaranteed\" title=\"Is the Rs 1,560 Paytm share price target guaranteed?\">Is the Rs 1,560 Paytm share price target guaranteed?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/paytm-share-price-target-citi-rs-1560-buy-21-july-2026\/#Where_can_I_track_Paytm_share_price_and_brokerage_targets_live\" title=\"Where can I track Paytm share price and brokerage targets live?\">Where can I track Paytm share price and brokerage targets live?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Why_Citi_Raised_Its_Paytm_Share_Price_Target\"><\/span><strong>Why Citi Raised Its Paytm Share Price Target<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The core driver behind the higher Paytm share price target is profitability. Q1 FY27 EBITDA of Rs 200 crore beat Citi&#8217;s estimate by 16 percent, while revenue grew 28 percent year on year and the contribution margin held at a healthy 55 percent. The EBITDA beat was driven primarily by lower cloud costs and higher merchant loan distribution, two levers that improve earnings quality rather than one off gains.<\/p>\n<p>Citi noted that the beat came despite lower payment margins from device rentals, meaning the strength in lending distribution and cost control more than offset pressure in the payments business. That mix shift is central to the bull case built into the new Paytm share price target.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Paytm_Share_Price_Target_and_Q1_FY27_Numbers_at_a_Glance\"><\/span><strong>Paytm Share Price Target and Q1 FY27 Numbers at a Glance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Metric<\/th>\n<th>Detail<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Citi rating<\/td>\n<td>Buy (maintained)<\/td>\n<\/tr>\n<tr>\n<td>New target price<\/td>\n<td>Rs 1,560<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/stocks\/paytm\/one97-communications-ltd-share-price-today\">Paytm<\/a> last close<\/td>\n<td>Rs 1,347.50 (NSE)<\/td>\n<\/tr>\n<tr>\n<td>Q1 FY27 EBITDA<\/td>\n<td>Rs 200 crore, 16% above estimates<\/td>\n<\/tr>\n<tr>\n<td>Revenue growth<\/td>\n<td>Up 28% YoY<\/td>\n<\/tr>\n<tr>\n<td>Contribution margin<\/td>\n<td>55%<\/td>\n<\/tr>\n<tr>\n<td>Key EBITDA drivers<\/td>\n<td>Lower cloud costs, higher merchant loan distribution<\/td>\n<\/tr>\n<tr>\n<td>Offsetting factor<\/td>\n<td>Lower payment margins from device rentals<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"margin-top: 24px;\"><a href=\"https:\/\/univest.in\/sebi-registered-investment-advisor-india\"><strong>Consult a SEBI Registered Investment Advisor on Univest<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"UPI_MDR_The_Optional_Upside_in_the_Paytm_Share_Price_Target\"><\/span><strong>UPI MDR: The Optional Upside in the Paytm Share Price Target<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>An important kicker in the Citi note concerns merchant discount rate, or MDR, on UPI transactions. The brokerage estimates that a potential 5 to 7 basis points UPI MDR on large merchants could add 0.5 to 1 basis point to Paytm&#8217;s net payment margin. If implemented, this would imply an 8 to 10 percent upside to FY28 EBITDA estimates, over and above the base case behind the current Paytm share price target.<\/p>\n<p>Since UPI monetisation remains a policy decision, Citi treats it as optionality rather than a certainty. Even so, the framework shows how sensitive Paytm&#8217;s earnings are to even small changes in payment economics, which is why regulatory commentary on MDR moves the stock.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_Should_Investors_Tracking_Paytm_Share_Price_Target_Do\"><\/span><strong>What Should Investors Tracking Paytm Share Price Target Do<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Investors should read the note as confirmation that Paytm&#8217;s profitability engine is compounding: revenue up 28 percent, contribution margin steady at 55 percent, and operating efficiency gains from cloud cost savings flowing to EBITDA. Key monitorables from here are merchant loan disbursal growth, device rental margin trends, and any government decision on UPI MDR. A brokerage target is an estimate, not a guarantee, so position sizing and risk management still matter when acting on the Paytm share price target.<\/p>\n<p style=\"margin-top: 24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&amp;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track Paytm live and get instant alerts on brokerage target changes.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Paytms_Turnaround_Journey_Behind_the_Numbers\"><\/span><strong>Paytm&#8217;s Turnaround Journey Behind the Numbers<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Citi note caps a long operational turnaround. Paytm has moved from heavy cash burn to consistent EBITDA generation by tightening costs, scaling its merchant lending distribution business, and monetising its payments base through subscriptions and financial services cross sell. The 55 percent contribution margin in Q1 FY27 shows that incremental revenue is flowing through to profit rather than being consumed by growth spending.<\/p>\n<p>Merchant loan distribution deserves special attention. Paytm earns distribution and collection fees without carrying the credit risk on its own books, a capital light model that scales with India&#8217;s small business credit demand and underpins the earnings trajectory assumed in the Paytm share price target.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Risks_to_the_Paytm_Share_Price_Target\"><\/span><strong>Risks to the Paytm Share Price Target<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Three risks could challenge the Rs 1,560 Paytm share price target. First, payment margin pressure: device rental economics are already softening, and further compression would offset lending gains. Second, regulatory risk: fintech rules on lending partnerships, data, and payments evolve quickly in India. Third, competition: UPI market share battles and aggressive pricing from rivals could cap monetisation.<\/p>\n<p>Against these, the MDR optionality provides an offsetting upside scenario. Investors should treat the target as one well argued estimate within a range of outcomes rather than a fixed destination for the stock.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_the_Street_Is_Positioned_on_Paytm\"><\/span><strong>How the Street Is Positioned on Paytm<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Citi&#8217;s Rs 1,560 target sits at the constructive end of a brokerage spectrum that has warmed steadily as profitability improved. The stock&#8217;s move to Rs 1,347.50 already reflects several quarters of execution, which raises the bar for future beats. That is why the composition of this quarter&#8217;s beat, cost discipline plus lending distribution rather than one off items, matters so much to analysts.<\/p>\n<p>Traders should also note that heavily owned turnaround stories can correct sharply on small disappointments, so risk management remains essential even when the direction of estimates is upward.<\/p>\n<p>Volume trends in UPI, wallet usage, and soundbox subscriptions will also feed the next round of estimate revisions. If merchant additions keep compounding while cloud and marketing costs stay disciplined, the earnings base supporting the Paytm share price target can keep rising through FY27, giving analysts room for further upgrades even without the MDR trigger.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Citi&#8217;s decision to keep a Buy rating and lift its Paytm share price target to Rs 1,560 reflects a quarter in which the fintech beat EBITDA estimates by 16 percent on the back of lower cloud costs and stronger merchant lending. With the stock at Rs 1,347.50 and a potential MDR tailwind offering 8 to 10 percent upside to FY28 EBITDA estimates, the risk reward has improved, though payment margin pressure from device rentals bears watching. Investors should consult a SEBI registered adviser before acting on any Paytm share price target.<\/p>\n<div style=\"background: #CC0000; border-radius: 8px; padding: 16px 20px; margin: 24px 0;\">\n<p style=\"color: #ffffff; font-size: 13px; line-height: 1.7; margin: 0;\"><strong style=\"color: #ffffff;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"FAQs_on_the_Citi_Paytm_Share_Price_Target_of_Rs_1560\"><\/span><strong>FAQs on the Citi Paytm Share Price Target of Rs 1,560<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_new_Paytm_share_price_target_set_by_Citi\"><\/span><strong>What is the new Paytm share price target set by Citi?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Citi has raised its Paytm share price target to Rs 1,560 while maintaining a Buy rating on One97 Communications, following better than expected Q1 FY27 results.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_did_Citi_raise_the_Paytm_share_price_target\"><\/span><strong>Why did Citi raise the Paytm share price target?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Citi raised the Paytm share price target because Q1 FY27 EBITDA of Rs 200 crore came in 16 percent above its estimates, revenue grew 28 percent year on year, and the contribution margin held at 55 percent.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_drove_the_Paytm_EBITDA_beat_in_Q1_FY27\"><\/span><strong>What drove the Paytm EBITDA beat in Q1 FY27?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The EBITDA beat was driven by lower cloud costs and higher merchant loan distribution, which together more than offset lower payment margins from device rentals.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_latest_Paytm_share_price\"><\/span><strong>What is the latest Paytm share price?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Paytm share price last closed at Rs 1,347.50 on the NSE, which means the Citi target of Rs 1,560 implies meaningful upside from the current market price.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_would_UPI_MDR_affect_the_Paytm_share_price_target\"><\/span><strong>How would UPI MDR affect the Paytm share price target?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Citi estimates that a potential 5 to 7 basis points UPI MDR on large merchants could add 0.5 to 1 basis point to net payment margin, implying an 8 to 10 percent upside to FY28 EBITDA estimates beyond the base case.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_the_Rs_1560_Paytm_share_price_target_guaranteed\"><\/span><strong>Is the Rs 1,560 Paytm share price target guaranteed?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> No. A brokerage target is an analyst estimate based on assumptions about growth and margins, not a guaranteed return. Investors should do independent research and consult a SEBI registered adviser before acting on any Paytm share price target.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Where_can_I_track_Paytm_share_price_and_brokerage_targets_live\"><\/span><strong>Where can I track Paytm share price and brokerage targets live?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> You can track Paytm share price, brokerage ratings, and target updates live on the Univest app and website, along with research alerts on fintech and other listed stocks.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is the new Paytm share price target set by Citi?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Citi has raised its Paytm share price target to Rs 1,560 while maintaining a Buy rating on One97 Communications, following better than expected Q1 FY27 results.\"}},{\"@type\":\"Question\",\"name\":\"Why did Citi raise the Paytm share price target?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Citi raised the Paytm share price target because Q1 FY27 EBITDA of Rs 200 crore came in 16 percent above its estimates, revenue grew 28 percent year on year, and the contribution margin held at 55 percent.\"}},{\"@type\":\"Question\",\"name\":\"What drove the Paytm EBITDA beat in Q1 FY27?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The EBITDA beat was driven by lower cloud costs and higher merchant loan distribution, which together more than offset lower payment margins from device rentals.\"}},{\"@type\":\"Question\",\"name\":\"What is the latest Paytm share price?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Paytm share price last closed at Rs 1,347.50 on the NSE, which means the Citi target of Rs 1,560 implies meaningful upside from the current market price.\"}},{\"@type\":\"Question\",\"name\":\"How would UPI MDR affect the Paytm share price target?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Citi estimates that a potential 5 to 7 basis points UPI MDR on large merchants could add 0.5 to 1 basis point to net payment margin, implying an 8 to 10 percent upside to FY28 EBITDA estimates beyond the base case.\"}},{\"@type\":\"Question\",\"name\":\"Is the Rs 1,560 Paytm share price target guaranteed?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"No. A brokerage target is an analyst estimate based on assumptions about growth and margins, not a guaranteed return. Investors should do independent research and consult a SEBI registered adviser before acting on any Paytm share price target.\"}},{\"@type\":\"Question\",\"name\":\"Where can I track Paytm share price and brokerage targets live?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"You can track Paytm share price, brokerage ratings, and target updates live on the Univest app and website, along with research alerts on fintech and other listed stocks.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Paytm share price target raised to Rs 1,560 by Citi with a Buy rating after Q1 FY27 EBITDA of Rs 200 crore beat estimates by 16% and revenue rose 28% YoY. 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