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

PayPay Corporation (NASDAQ:PAYP) has earned an average rating of “Moderate Buy” from the thirteen brokerages that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $25.7273.

A number of brokerages have commented on PAYP. Mizuho initiated coverage on shares of PayPay in a report on Monday, April 6th. They set an “outperform” rating and a $26.00 target price for the company. Benchmark started coverage on shares of PayPay in a research note on Monday, April 6th. They set a “buy” rating and a $31.00 price target on the stock. The Goldman Sachs Group initiated coverage on shares of PayPay in a research report on Tuesday, April 7th. They set a “buy” rating and a $29.00 price objective for the company. Citigroup started coverage on PayPay in a research note on Monday, April 6th. They issued a “neutral” rating and a $23.00 price objective for the company. Finally, Weiss Ratings raised PayPay from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, July 1st.

PayPay Price Performance

Shares of NASDAQ:PAYP opened at $15.00 on Wednesday. The stock has a 50-day moving average price of $16.51. The stock has a market capitalization of $10.15 billion and a PE ratio of 115.38. PayPay has a 52-week low of $12.07 and a 52-week high of $24.89.

PayPay (NASDAQ:PAYP) last released its quarterly earnings results on Wednesday, May 6th. The fintech company reported $0.13 EPS for the quarter, beating the consensus estimate 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.