PayPay Corporation (NASDAQ:PAYP) Receives Average Recommendation of “Moderate Buy” from Analysts

PayPay Corporation (NASDAQ:PAYP) has earned a consensus rating of “Moderate Buy” from the thirteen analysts that are currently covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $24.9091.

Several equities research analysts have recently weighed in on the stock. Weiss Ratings raised shares of PayPay from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, July 15th. Mizuho cut their price target on shares of PayPay from $26.00 to $23.00 and set an “outperform” rating for the company in a report on Tuesday, August 4th. Morgan Stanley upgraded shares of PayPay from an “equal weight” rating to an “overweight” rating and reduced their price target for the company from $24.00 to $23.00 in a research report on Thursday, July 23rd. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of PayPay in a research note on Tuesday, August 4th. Finally, Citigroup dropped their price objective on shares of PayPay from $23.00 to $18.00 and set a “neutral” rating for the company in a report on Monday, August 3rd.

PayPay Trading Down 1.8%

Shares of PAYP stock opened at $14.65 on Friday. The company has a fifty day moving average of $14.86. The firm has a market cap of $9.92 billion and a price-to-earnings ratio of 48.83. PayPay has a one year low of $12.07 and a one year high of $24.89.

PayPay (NASDAQ:PAYP) last announced its quarterly earnings results on Thursday, July 30th. The fintech company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.02. The company had revenue of $675.02 million during the quarter. As a group, research analysts anticipate that PayPay will post 0.77 EPS for the current year.

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.