Jefferies sees up to 25% upside in Paytm, Groww, PB Fintech and two lenders
Jefferies has rated Paytm, Groww, PB Fintech, AU Small Finance Bank and Poonawalla Fincorp Buy, projecting operating-profit CAGR above 25% over three years. Its targets imply 14% to 25% upside, led by Poonawalla Fincorp.
What happened
Jefferies rated Paytm, Groww, PB Fintech, AU Small Finance Bank and Poonawalla Fincorp Buy, forecasting at least 25% operating-profit CAGR. Paytm’s outlook
Key facts
- Jefferies forecasts over 25% operating-profit CAGR for all five companies over three years
- Groww target price Rs 240; 23% upside; FY26-FY29 net-profit CAGR 30%
- Paytm target price Rs 2,100, raised from Rs 1,600; 20% upside; FY26-FY29 revenue CAGR 25%
- Paytm net profit estimated at Rs 5,523 million in FY26 and Rs 35,410 million in FY29
- PB Fintech target price Rs 2,050; 14% upside; FY26-FY29 revenue CAGR 31%
What changed
Jefferies rated Paytm, Groww, PB Fintech, AU Small Finance Bank and Poonawalla Fincorp Buy, forecasting at least 25% operating-profit CAGR. Paytm’s outlook hinges on merchant monetisation, potential UPI MDR, credit, wealth and AI/cloud opportunities.
Why this matters
Jefferies sees 14% to 25% upside across Paytm, Groww, PB Fintech, AU Small Finance Bank and Poonawalla Fincorp, supported by expected operating-profit CAGR above 25% over the next three years.