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

Shares of PayPay Corporation (NASDAQ:PAYP) have been assigned a consensus recommendation of “Moderate Buy” from the thirteen analysts that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, seven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $25.7273.

A number of equities analysts recently commented on the company. Benchmark began coverage on PayPay in a report on Monday, April 6th. They set a “buy” rating and a $31.00 price target for the company. Citigroup assumed coverage on PayPay in a report on Monday, April 6th. They set a “neutral” rating and a $23.00 price target for the company. The Goldman Sachs Group assumed coverage on shares of PayPay in a report on Tuesday, April 7th. They issued a “buy” rating and a $29.00 price target on the stock. Weiss Ratings cut shares of PayPay from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday, June 17th. Finally, Morgan Stanley began coverage on shares of PayPay in a report on Monday, April 6th. They issued an “equal weight” rating and a $24.00 price target on the stock.

PayPay Stock Performance

Shares of PAYP opened at $13.89 on Friday. The firm has a market capitalization of $9.29 billion and a P/E ratio of 106.85. PayPay has a 1-year low of $12.07 and a 1-year high of $24.89. The stock’s fifty day moving average price is $18.16.

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