PayPay Corporation (NASDAQ:PAYP) Stock Has Consensus Target Price of $24.45

PayPay Corporation (NASDAQ:PAYP) has received an average recommendation of “Moderate Buy” from the thirteen brokerages that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, three have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $24.45.

PAYP has been the topic of several recent analyst reports. Wolfe Research boosted their price target on PayPay from $18.00 to $21.00 and gave the company an “outperform” rating in a research note on Tuesday, August 25th. Morgan Stanley raised PayPay from an “equal weight” rating to an “overweight” rating and cut their price objective for the company from $24.00 to $23.00 in a report on Thursday, July 23rd. Mizuho reduced their target price on shares of PayPay from $26.00 to $23.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 4th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of PayPay in a report on Tuesday, August 4th. Finally, Weiss Ratings cut shares of PayPay from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, August 19th.

Institutional Trading of PayPay

A hedge fund recently bought a new position 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 Form 13F filing with the Securities and Exchange Commission. The fund bought 14,700 shares of the fintech company’s stock, valued at approximately $211,000.

PayPay Stock Down 0.9%

Shares of PAYP opened at $15.70 on Monday. The company has a 50-day moving average price of $16.08 and a two-hundred day moving average price of $17.41. The stock has a market cap of $10.63 billion and a price-to-earnings ratio of 52.33. PayPay has a 12 month low of $12.07 and a 12 month high of $24.89.

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

PayPay News Roundup

Here are the key news stories impacting PayPay this week:

• Positive Sentiment: PayPay merchants in Japan can now accept payments funded by Binance Pay, including USDT, through HIVEX. The initiative could increase transaction volume from international visitors and strengthen PayPay’s merchant ecosystem. Binance Pay Enables Payments at PayPay Merchants via HIVEX in Japan
• Positive Sentiment: PayPay is offering users ages 12 to 25 up to 1,000 points for completing identity verification beginning October 1. The campaign may improve compliance, user retention and engagement among younger customers, although it will carry promotional costs. PayPay identity verification campaign
• Positive Sentiment: PayPay Card customers using Mitsubishi UFJ Bank will see their available credit update more quickly after repayments, improving convenience and potentially supporting card usage. PayPay Card credit availability update
• Neutral Sentiment: PayPay is distributing coupons offering as much as 7% back at Kappa Sushi and up to 100,000 points through the Matsuya mobile-order app. These promotions may boost payment activity but could pressure margins if widely used. PayPay promotional campaigns
• Negative Sentiment: Reports of unauthorized PayPay Card usage add reputational and customer-support risk. One reported U.S. incident was detected and stopped by card monitoring, which limits the immediate financial impact but highlights ongoing fraud concerns. PayPay Card unauthorized use report

About PayPay

PayPay Corporation is a Japanese financial technology company that operates the PayPay mobile payment platform. Launched in 2018, the service enables consumers to make cashless payments at participating merchants using smartphones and QR codes.

In addition to payment services, PayPay offers related financial products and digital services in Japan, including peer-to-peer money transfers and access to services such as PayPay Bank, PayPay Card and PayPay Securities through its broader ecosystem.