PayPay (NASDAQ:PAYP) Earns Hold Rating from Analysts at Deutsche Bank Aktiengesellschaft

Equities researchers at Deutsche Bank Aktiengesellschaft started coverage on shares of PayPay (NASDAQ:PAYP) in a report released on Monday. The brokerage set a “hold” rating and a $20.00 price target on the fintech company’s stock. Deutsche Bank Aktiengesellschaft’s target price points to a potential downside of 4.85% from the stock’s current price.

PAYP has been the subject of several other research reports. Morgan Stanley began coverage on shares of PayPay in a research note on Monday. They set an “equal weight” rating and a $24.00 price target for the company. Benchmark initiated coverage on PayPay in a research report on Monday. They issued a “buy” rating and a $31.00 price objective on the stock. Wall Street Zen upgraded PayPay to a “hold” rating in a report on Saturday, March 21st. Mizuho initiated coverage on PayPay in a research report on Monday. They issued an “outperform” rating and a $26.00 price objective for the company. Finally, Wolfe Research initiated coverage on PayPay in a research report on Monday. They set an “outperform” rating and a $26.00 price target for the company. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $25.50.

PayPay Stock Performance

PAYP 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 issued its earnings results on Thursday, February 12th. The fintech company reported $0.18 earnings per share (EPS) for the quarter. The firm 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.