PayPay Corporation (NASDAQ:PAYP) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of PayPay Corporation (NASDAQ:PAYP) have been given a consensus recommendation of “Moderate Buy” by the thirteen analysts that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation, eight have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $24.4545.

PAYP has been the topic of a number of research analyst reports. Morgan Stanley raised shares of PayPay from an “equal weight” rating to an “overweight” rating and decreased their price target for the stock from $24.00 to $23.00 in a report on Thursday, July 23rd. Wolfe Research upped their target price on shares of PayPay from $18.00 to $21.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 25th. Weiss Ratings cut PayPay from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, August 19th. Citigroup dropped their price target on PayPay from $23.00 to $18.00 and set a “neutral” rating for the company in a research note on Monday, August 3rd. Finally, Zacks Research upgraded PayPay to a “hold” rating in a report on Thursday, June 11th.

PayPay Stock Performance

PayPay stock opened at $15.73 on Thursday. The stock has a market capitalization of $10.65 billion and a PE ratio of 52.43. The business’s 50-day simple moving average is $15.23. PayPay has a 52 week low of $12.07 and a 52 week high of $24.89.

PayPay (NASDAQ:PAYP) last issued its quarterly earnings results on Thursday, July 30th. The fintech company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.02. The business had revenue of $675.02 million for the quarter. Equities research analysts predict that PayPay will post 0.8 EPS for the current year.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in PayPay stock. NWF Advisory Services Inc. bought a new position in PayPay Corporation (NASDAQ:PAYP) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 14,700 shares of the fintech company’s stock, valued at approximately $211,000.

PayPay Company Profile

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.