PayPay Corporation (NASDAQ:PAYP) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of PayPay Corporation (NASDAQ:PAYP) have earned an average recommendation of “Moderate Buy” from the thirteen brokerages that are currently covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $24.9091.

PAYP has been the topic of several research analyst reports. Mizuho cut their price target on shares of PayPay from $26.00 to $23.00 and set an “outperform” rating on the stock in a research note on Tuesday. Zacks Research upgraded shares of PayPay to a “hold” rating in a research note on Thursday, June 11th. Weiss Ratings raised PayPay from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, July 15th. Citigroup cut their target price on PayPay from $23.00 to $18.00 and set a “neutral” rating on the stock in a research report on Monday, August 3rd. Finally, Morgan Stanley raised PayPay from an “equal weight” rating to an “overweight” rating and reduced their target price for the company from $24.00 to $23.00 in a report on Thursday, July 23rd.

PayPay Price Performance

Shares of PayPay stock opened at $15.35 on Friday. PayPay has a 52 week low of $12.07 and a 52 week high of $24.89. The company has a 50 day moving average of $15.08. The stock has a market capitalization of $10.39 billion and a price-to-earnings ratio of 51.17.

PayPay (NASDAQ:PAYP) last issued its quarterly earnings data on Thursday, July 30th. The fintech company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.02. The company had revenue of $675.02 million for the quarter. As a group, sell-side analysts predict that PayPay will post 0.77 earnings per share for the current year.

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.