PayPay (NASDAQ:PAYP) Earns Outperform Rating from Analysts at Wolfe Research

Equities research analysts at Wolfe Research started coverage on shares of PayPay (NASDAQ:PAYP) in a research note issued on Monday. The brokerage set an “outperform” rating and a $26.00 price target on the fintech company’s stock. Wolfe Research’s target price indicates a potential upside of 23.69% from the company’s previous close.

Several other equities analysts have also weighed in on the stock. Mizuho initiated coverage on shares of PayPay in a research report on Monday. They set an “outperform” rating and a $26.00 price objective for the company. Benchmark initiated coverage on shares of PayPay in a report on Monday. They issued a “buy” rating and a $31.00 target price on the stock. Bank of America began coverage on shares of PayPay in a research report on Monday. They issued a “buy” rating and a $26.00 price target on the stock. Morgan Stanley started coverage on PayPay in a research report on Monday. They set an “equal weight” rating and a $24.00 price objective for the company. Finally, Wall Street Zen raised PayPay to a “hold” rating in a research report on Saturday, March 21st. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $25.50.

PayPay Price Performance

PAYP opened at $21.02 on Monday. PayPay has a one year low of $17.00 and a one year high of $24.89.

PayPay (NASDAQ:PAYP) last announced its earnings results on Thursday, February 12th. The fintech company reported $0.18 earnings per share for the quarter. The firm had revenue of $636.46 million for 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.