New Delhi, April 27 -- Global brokerage Goldman Sachs has reiterated its "Buy" rating on Paytm (One 97 Communications Ltd.) with a target price of Rs.1,400, implying an upside of around 22% from current levels, citing continued market share gains across consumers and merchants and limited fallout from the cancellation of its associate entity's banking license.

The brokerage expects Paytm to deliver another quarter of strong operational performance in Q4 FY 2026, with gross merchandise value (GMV) or total transaction value projected to grow nearly 26% year-on-year, up from 23% in Q3. Despite a near-term revenue headwind from the absence of PIDF incentives, Goldman Sachs sees underlying EBITDA performance holding up well, with margin at 5...