PayPay (NASDAQ:PAYP) Now Covered by Morgan Stanley

Equities researchers at Morgan Stanley initiated coverage on shares of PayPay (NASDAQ:PAYP) in a report issued on Monday,Benzinga reports. The brokerage set an “equal weight” rating and a $24.00 price target on the fintech company’s stock. Morgan Stanley’s price target would indicate a potential upside of 14.18% from the company’s current price.

PAYP has been the topic of several other reports. Benchmark began coverage on shares of PayPay in a research note on Monday. They set a “buy” rating and a $31.00 price target on the stock. Wall Street Zen upgraded shares of PayPay to a “hold” rating in a research note on Saturday, March 21st. Finally, Bank of America started coverage on PayPay in a research report on Monday. They set a “buy” rating and a $26.00 target price on the stock. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $26.75.

PayPay Price Performance

Shares of PAYP opened at $21.02 on Monday. PayPay has a 52-week low of $17.00 and a 52-week high of $24.89.

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