Mizuho Begins Coverage on PayPay (NASDAQ:PAYP)

Equities researchers at Mizuho assumed coverage on shares of PayPay (NASDAQ:PAYP) in a report issued on Monday, MarketBeat reports. The brokerage set an “outperform” rating and a $26.00 price target on the fintech company’s stock. Mizuho’s price target points to a potential upside of 29.35% from the stock’s previous close.

PAYP has been the subject of several other research reports. Benchmark started coverage on PayPay in a research note on Monday. They set a “buy” rating and a $31.00 price target for the company. Bank of America started coverage on PayPay in a research note on Monday. They set a “buy” rating and a $26.00 price target for the company. Wall Street Zen upgraded PayPay to a “hold” rating in a research note on Saturday, March 21st. Finally, Morgan Stanley started coverage on PayPay in a research note on Monday. They set an “equal weight” rating and a $24.00 price target for the company. Seven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $25.80.

PayPay Trading Up 6.7%

PayPay stock opened at $20.10 on Monday. PayPay has a 12 month low of $17.00 and a 12 month high of $24.89.

PayPay (NASDAQ:PAYP) last released its quarterly earnings results on Thursday, February 12th. The fintech company reported $0.18 EPS for the quarter. The company had revenue of $636.46 million for the quarter.

Key PayPay News

Here are the key news stories impacting PayPay this week:

• Positive Sentiment: Several major firms initiated coverage with bullish ratings and elevated price targets (Goldman Sachs buy, $29 PT; Jefferies buy, $28; Bank of America buy, $26; Benchmark buy, $31; Wolfe, Mizuho, Cantor overweight/outperform). These notes are driving buy-side interest by implying 25–55%+ upside versus the current price. Benzinga coverage of analyst starts
• Positive Sentiment: Analysts emphasize Japan’s cashless-payments adoption and model-led forecasts that expect “outsized earnings growth” over the next 5–10 years, supporting longer-term upside for PAYP. Investing.com: Buy ratings on Japan cashless opportunity
• Positive Sentiment: Market commentary and summary write-ups point to the analyst stampede as the immediate technical trigger for buying today — coverage initiation often forces institutional re-evaluation and inflows. AAII: Why PAYP is up
• Neutral Sentiment: Some firms are more cautious: Morgan Stanley set an equal-weight rating with a $24 PT and Citigroup assigned a neutral rating with a $23 PT — both still above or near the current price, signaling mixed conviction. Benzinga: coverage notes
• Negative Sentiment: One outlier, Deutsche Bank, issued a hold with a $20 price target (slightly below the current level), which could cap upside if others revise to more conservative models. TickerReport: Deutsche Bank coverage

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.