Paytm’s better-than-expected performance in its most recent quarter leads major brokerages to revise their outlook. NDTV reports that Goldman Sachs and Citi both raise their target prices following Paytm’s Q1 beat. The upgrades are tied to factors including stronger profitability than previously expected, continued momentum in payments, and progress in financial services. Across the reports, the central trigger is the company’s Q1 results outperforming expectations, which analysts interpret as improving near-term fundamentals. While the brokerages differ in their specific forecasts, they converge on the view that Paytm’s payments business remains a key growth driver and that financial services momentum supports the improved earnings outlook. The updated target prices reflect expectations for further performance rather than a single event, with profitability and business growth seen as the main areas to watch next. The reports present the revisions as reactions to the Q1 beat, without detailing any change in company guidance or providing information on new products or regulatory developments.