PayPay Corporation (NASDAQ:PAYP – Get Free Report)’s share price dropped 8% during mid-day trading on Wednesday . The company traded as low as $17.04 and last traded at $17.20. Approximately 706,138 shares traded hands during trading, a decline of 59% from the average daily volume of 1,717,219 shares. The stock had previously closed at $18.70.
Wall Street Analysts Forecast Growth
PAYP has been the topic of a number of research analyst reports. Weiss Ratings initiated coverage on PayPay in a report on Wednesday. They set a “sell (d+)” rating on the stock. Bank of America began coverage on PayPay in a report on Monday, April 6th. They issued a “buy” rating and a $26.00 target price on the stock. Wall Street Zen upgraded PayPay to a “hold” rating in a report on Saturday, March 21st. Mizuho began coverage on PayPay in a report on Monday, April 6th. They issued an “outperform” rating and a $26.00 target price on the stock. Finally, Morgan Stanley began coverage on PayPay in a report on Monday, April 6th. They issued an “equal weight” rating and a $24.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, PayPay has an average rating of “Moderate Buy” and a consensus price target of $25.73.
Check Out Our Latest Analysis on PAYP
PayPay Price Performance
PayPay (NASDAQ:PAYP – Get Free Report) last issued its earnings results on Wednesday, May 6th. The fintech company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.03. The firm had revenue of $644.33 million during 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.
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