PayPay Corporation (NASDAQ:PAYP) Receives $25.73 Average PT from Brokerages

PayPay Corporation (NASDAQ:PAYP) has been assigned a consensus rating of “Moderate Buy” from the thirteen research firms that are covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $25.7273.

Several research firms recently commented on PAYP. Jefferies Financial Group began coverage on PayPay in a report on Monday, April 6th. They issued a “buy” rating and a $28.00 price target for the company. The Goldman Sachs Group began coverage on PayPay in a report on Tuesday, April 7th. They issued a “buy” rating and a $29.00 target price for the company. Morgan Stanley initiated coverage on PayPay in a research note on Monday, April 6th. They issued an “equal weight” rating and a $24.00 target price for the company. Weiss Ratings upgraded PayPay from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, July 15th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of PayPay in a research report on Monday, April 6th. They set a “hold” rating and a $20.00 price target on the stock.

PayPay Stock Performance

Shares of NASDAQ PAYP opened at $15.37 on Wednesday. The stock has a market cap of $10.40 billion and a PE ratio of 118.23. PayPay has a 12-month low of $12.07 and a 12-month high of $24.89. The company’s 50-day simple moving average is $16.06.

PayPay (NASDAQ:PAYP) last released its earnings results on Wednesday, May 6th. The fintech company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.03. The business had revenue of $644.33 million during the quarter.

About PayPay

As Japan’s leading financial technology company, we are dedicated to our goal of becoming a digital finance platform for all. We strive to empower the everyday lives of users and businesses by transforming their smartphones into a comprehensive, easy-to-use, and accessible financial platform that centralizes and simplifies numerous daily activities for ultimate convenience. Through a seamless ecosystem of payment, financial and everyday services, we have served as a game-changer in driving the shift to a cashless and digitally empowered economy.