Zacks Research Upgrades PayPay (NASDAQ:PAYP) to “Hold”

PayPay (NASDAQ:PAYP) was upgraded by research analysts at Zacks Research to a “hold” rating in a note issued to investors on Thursday,Zacks.com reports.

Other research analysts have also recently issued research reports about the stock. Mizuho initiated coverage on shares of PayPay in a research report on Monday, April 6th. They set an “outperform” rating and a $26.00 price target on the stock. Citigroup initiated coverage on shares of PayPay in a research report on Monday, April 6th. They set a “neutral” rating and a $23.00 price target on the stock. Wall Street Zen raised shares of PayPay to a “hold” rating in a research report on Saturday, March 21st. Morgan Stanley initiated coverage on shares of PayPay in a research report on Monday, April 6th. They set an “equal weight” rating and a $24.00 price target on the stock. Finally, Wolfe Research initiated coverage on shares of PayPay in a research report on Monday, April 6th. They set an “outperform” rating and a $26.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $25.73.

PayPay Stock Performance

Shares of PAYP opened at $14.15 on Thursday. PayPay has a 52-week low of $13.40 and a 52-week high of $24.89. The business’s fifty day simple moving average is $19.28.

PayPay (NASDAQ:PAYP) last announced its earnings results on Wednesday, May 6th. The fintech company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.03. The business had revenue of $644.33 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.