Paytm, Pine Labs shares drop up to 22% in one month: Jefferies cuts target prices but sees positive risk reward, here’s why

Despite recent stock dips, Jefferies maintains a positive outlook on Paytm and Pine Labs, citing strong growth forecasts and attractive valuations. Both companies are targeting over 20% revenue growth and margin expansion, driven by network expansion and new initiatives. Jefferies reiterates ‘Buy’ ratings, though target prices are adjusted.