PayPay Corporation (NASDAQ:PAYP) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of PayPay Corporation (NASDAQ:PAYP) have been assigned an average rating of “Moderate Buy” from the thirteen analysts that are covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $24.9091.

A number of research firms have issued reports on PAYP. Morgan Stanley upgraded PayPay from an “equal weight” rating to an “overweight” rating and cut their target price for the company from $24.00 to $23.00 in a research note on Thursday, July 23rd. Citigroup lowered their price target on shares of PayPay from $23.00 to $18.00 and set a “neutral” rating for the company in a research report on Monday, August 3rd. Weiss Ratings raised shares of PayPay from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, July 15th. Zacks Research upgraded shares of PayPay to a “hold” rating in a research report on Thursday, June 11th. Finally, Cantor Fitzgerald restated an “overweight” rating on shares of PayPay in a research report on Tuesday, August 4th.

PayPay Price Performance

Shares of PayPay stock opened at $14.89 on Friday. The firm has a market cap of $10.08 billion and a PE ratio of 49.63. PayPay has a twelve month low of $12.07 and a twelve month high of $24.89. The business’s 50 day moving average is $14.85.

PayPay (NASDAQ:PAYP) last released its quarterly earnings data on Thursday, July 30th. The fintech company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.02. The company had revenue of $675.02 million for the quarter. As a group, research analysts forecast that PayPay will post 0.8 EPS for the current year.

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.