PayPay Corporation (NASDAQ:PAYP) Given Average Recommendation of “Moderate Buy” by Brokerages

PayPay Corporation (NASDAQ:PAYP) has received an average rating of “Moderate Buy” from the thirteen brokerages that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, seven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $25.7273.

Several equities analysts have issued reports on the company. Mizuho assumed coverage on PayPay in a research report on Monday, April 6th. They issued an “outperform” rating and a $26.00 price objective for the company. JPMorgan Chase & Co. assumed coverage on PayPay in a research report on Wednesday, April 8th. They issued an “overweight” rating and a $25.00 price objective for the company. Morgan Stanley assumed coverage on PayPay in a research report on Monday, April 6th. They issued an “equal weight” rating and a $24.00 price objective for the company. Weiss Ratings downgraded PayPay from a “sell (d+)” rating to a “sell (d)” rating in a research report on Wednesday. Finally, Citigroup assumed coverage on PayPay in a research report on Monday, April 6th. They issued a “neutral” rating and a $23.00 price objective for the company.

PayPay Price Performance

PayPay stock opened at $12.37 on Friday. The stock’s 50 day moving average is $18.56. PayPay has a one year low of $12.25 and a one year high of $24.89. The company has a market cap of $8.27 billion and a P/E ratio of 95.15.

PayPay (NASDAQ:PAYP) last issued its quarterly earnings data on Wednesday, May 6th. The fintech company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.03. The business 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.