PayPay (NASDAQ:PAYP) Upgraded by Zacks Research to “Hold” Rating

Zacks Research upgraded shares of PayPay (NASDAQ:PAYP) to a hold rating in a report issued on Thursday morning,Zacks.com reports.

PAYP has been the subject of several other research reports. Bank of America initiated coverage on PayPay in a research note on Monday, April 6th. They set a “buy” rating and a $26.00 target price for the company. The Goldman Sachs Group initiated coverage on PayPay in a research note on Tuesday, April 7th. They set a “buy” rating and a $29.00 target price for the company. Jefferies Financial Group initiated coverage on PayPay in a research note on Monday, April 6th. They set a “buy” rating and a $28.00 target price for the company. Benchmark initiated coverage on PayPay in a research note on Monday, April 6th. They set a “buy” rating and a $31.00 target price for the company. Finally, Weiss Ratings initiated coverage on PayPay in a research note on Wednesday, June 3rd. They set a “sell (d+)” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $25.73.

PayPay Stock Down 1.4%

NASDAQ:PAYP opened at $14.15 on Thursday. PayPay has a one year low of $13.40 and a one year high of $24.89. The firm has a 50 day moving average of $19.28.

PayPay (NASDAQ:PAYP) last posted its quarterly earnings results on Wednesday, May 6th. The fintech company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.10 by $0.03. The company had revenue of $644.33 million during the quarter.

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.