PayPay (NASDAQ:PAYP) Announces Earnings Results

PayPay (NASDAQ:PAYP) released its quarterly earnings data on Wednesday. The fintech company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.03, Zacks reports.

PayPay Stock Performance

Shares of PayPay stock traded up $0.07 on Wednesday, reaching $21.36. The stock had a trading volume of 512,756 shares, compared to its average volume of 2,175,215. PayPay has a fifty-two week low of $17.00 and a fifty-two week high of $24.89.

Wall Street Analyst Weigh In

A number of research firms have commented on PAYP. JPMorgan Chase & Co. initiated coverage on shares of PayPay in a research note on Wednesday, April 8th. They set an “overweight” rating and a $25.00 price objective for the company. Citigroup began coverage on PayPay in a research note on Monday, April 6th. They set a “neutral” rating and a $23.00 target price on the stock. Cantor Fitzgerald assumed coverage on shares of PayPay in a report on Monday, April 6th. They set an “overweight” rating and a $25.00 price target on the stock. Bank of America initiated coverage on PayPay in a report on Monday, April 6th. They set a “buy” rating and a $26.00 price target for the company. Finally, Wall Street Zen raised shares of PayPay to a “hold” rating in a research report on Saturday, March 21st. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $25.73.

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.