PayPay (NASDAQ:PAYP) Now Covered by Bank of America

Bank of America initiated coverage on shares of PayPay (NASDAQ:PAYP) in a research note issued on Monday,Benzinga reports. The firm set a “buy” rating and a $26.00 price target on the fintech company’s stock. Bank of America‘s price target indicates a potential upside of 23.69% from the company’s previous close.

A number of other equities research analysts also recently commented on the company. Benchmark initiated coverage on PayPay in a research report on Monday. They set a “buy” rating and a $31.00 price objective for the company. Wall Street Zen raised PayPay to a “hold” rating in a research report on Saturday, March 21st. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $26.75.

PayPay Stock Performance

NASDAQ:PAYP opened at $21.02 on Monday. PayPay has a twelve month low of $17.00 and a twelve month high of $24.89.

PayPay (NASDAQ:PAYP) last released its earnings results on Thursday, February 12th. The fintech company reported $0.18 EPS for the quarter. The business had revenue of $636.46 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.