PayPay Corporation (NASDAQ:PAYP) Given Average Recommendation of “Moderate Buy” by Brokerages

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

PAYP has been the topic of several recent research reports. Citigroup initiated coverage on PayPay in a report on Monday, April 6th. They set a “neutral” rating and a $23.00 price objective on the stock. Mizuho started coverage on PayPay in a report on Monday, April 6th. They set an “outperform” rating and a $26.00 price objective on the stock. The Goldman Sachs Group started coverage on PayPay in a research report on Tuesday, April 7th. They set a “buy” rating and a $29.00 target price for the company. Benchmark started coverage on PayPay in a research report on Monday, April 6th. They set a “buy” rating and a $31.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft started coverage on PayPay in a research report on Monday, April 6th. They set a “hold” rating and a $20.00 target price for the company.

PayPay Price Performance

Shares of NASDAQ:PAYP opened at $12.37 on Friday. PayPay has a 1-year low of $12.25 and a 1-year high of $24.89. The firm has a market cap of $8.27 billion and a price-to-earnings ratio of 95.15. The stock’s 50 day moving average price is $18.56.

PayPay (NASDAQ:PAYP) last announced its quarterly earnings data on Wednesday, May 6th. The fintech company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.03. The firm 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.