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

Shares of PayPay Corporation (NASDAQ:PAYP) have received an average rating of “Moderate Buy” from the eleven research firms that are currently covering the firm, Marketbeat.com reports. Three investment 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 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $25.7273.

Several analysts have recently issued reports on PAYP shares. Bank of America initiated coverage on PayPay in a report on Monday, April 6th. They set a “buy” rating and a $26.00 target price on the stock. Wall Street Zen upgraded PayPay to a “hold” rating in a research report on Saturday, March 21st. The Goldman Sachs Group initiated coverage on PayPay in a research report on Tuesday, April 7th. They issued a “buy” rating and a $29.00 target price for the company. JPMorgan Chase & Co. initiated coverage on PayPay in a research report on Wednesday, April 8th. They set an “overweight” rating and a $25.00 price objective for the company. Finally, Wolfe Research initiated coverage on PayPay in a research report on Monday, April 6th. They set an “outperform” rating and a $26.00 price objective for the company.

PayPay Price Performance

Shares of NASDAQ PAYP opened at $19.27 on Friday. PayPay has a one year low of $17.00 and a one year high of $24.89.

PayPay (NASDAQ:PAYP) last released its earnings results on Wednesday, May 6th. The fintech company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.03. The company had revenue of $644.33 million for 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.