Paytm Share Price Soars 10% to 52-Week High After Bernstein Turns Bullish; Should You Buy? Check Target Price

Shares of One97 Communications, the parent company of Paytm, surged more than 10% in Monday's trading session after Bernstein raised its target price on the stock to Rs 2,200 from Rs 1,500. The upgrade marks the first analyst target above Paytm's Rs 2,150 IPO price and comes as the brokerage factors the possibility of a merchant discount rate (MDR) on select UPI transactions into its earnings estimates.

Paytm Share Price Today on NSE: One97 Communications Stock Hits 52-Week High

Paytm shares touched a fresh 52-week high of Rs 1,598.50 during the session.

Paytm shares opened at Rs 1,445 on Monday and climbed sharply during the session. The stock touched an intraday high of Rs 1,598.50, while its low stood at Rs 1,445. At the close, Paytm was trading at Rs 1,589.10, up Rs 147.50 or 10.23%.

The stock has gained around 20% so far in 2026. Despite the recent recovery, Paytm continues to trade below its Rs 2,150 IPO price, making Bernstein's new Rs 2,200 target particularly significant for investors tracking the company's post-listing journey.

Should You Buy Paytm Stock? Check Bernstein's Ratings

Bernstein has maintained its "outperform" rating on Paytm while sharply increasing its target price to Rs 2,200 from Rs 1,500. The key change in its outlook is the inclusion of potential MDR income from UPI transactions in its base-case estimates from FY28.

The brokerage expects such a framework to improve Paytm's payments economics over the longer term. Bernstein estimates that MDR could increase Paytm's net payments margin by around 3-4 basis points, which could have a much larger impact when applied to the company's sizeable transaction volumes.

According to Bernstein's estimates, the potential monetisation opportunity could result in a 30% increase in Paytm's FY30 earnings per share compared with its earlier projections.

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