PayPay Corporation (NASDAQ:PAYP) Receives $25.73 Consensus PT from Analysts

Shares of PayPay Corporation (NASDAQ:PAYP) have been assigned an average recommendation of “Moderate Buy” from the thirteen analysts that are presently covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $25.7273.

A number of research firms recently commented on PAYP. The Goldman Sachs Group began coverage on shares of PayPay in a research report on Tuesday, April 7th. They issued a “buy” rating and a $29.00 target price on the stock. JPMorgan Chase & Co. initiated coverage on shares of PayPay in a research report on Wednesday, April 8th. They issued an “overweight” rating and a $25.00 price target for the company. Mizuho initiated coverage on shares of PayPay in a research note on Monday, April 6th. They issued an “outperform” rating and a $26.00 price objective for the company. Weiss Ratings raised PayPay from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday. Finally, Jefferies Financial Group initiated coverage on PayPay in a research report on Monday, April 6th. They set a “buy” rating and a $28.00 target price on the stock.

PayPay Stock Performance

PAYP stock opened at $15.63 on Wednesday. The stock’s 50 day simple moving average is $16.24. The stock has a market capitalization of $10.58 billion and a PE ratio of 120.23. PayPay has a fifty-two week low of $12.07 and a fifty-two week high of $24.89.

PayPay (NASDAQ:PAYP) last announced its quarterly earnings results on Wednesday, May 6th. The fintech company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.03. The business had revenue of $644.33 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.