Mizuho Initiates Coverage on PayPay (NASDAQ:PAYP)

Stock analysts at Mizuho began coverage on shares of PayPay (NASDAQ:PAYP) in a research report issued on Monday,Benzinga reports. The brokerage set an “outperform” rating and a $26.00 price target on the fintech company’s stock. Mizuho’s price objective would suggest a potential upside of 23.69% from the company’s previous close.

A number of other equities analysts also recently issued reports on the stock. Wall Street Zen upgraded shares of PayPay to a “hold” rating in a report on Saturday, March 21st. Bank of America started coverage on shares of PayPay in a research report on Monday. They set a “buy” rating and a $26.00 target price on the stock. Benchmark started coverage on shares of PayPay in a report on Monday. They issued a “buy” rating and a $31.00 target price for the company. Finally, Morgan Stanley assumed coverage on shares of PayPay in a research report on Monday. They set an “equal weight” rating and a $24.00 price target for the company. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $26.75.

PayPay Price Performance

PayPay stock opened at $21.02 on Monday. PayPay has a 1-year low of $17.00 and a 1-year high of $24.89.

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