PayPay (NASDAQ:PAYP) Upgraded to “Strong-Buy” at The Goldman Sachs Group

PayPay (NASDAQ:PAYP) was upgraded by equities researchers at The Goldman Sachs Group to a “strong-buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

PAYP has been the topic of a number of other research reports. Wall Street Zen raised shares of PayPay to a “hold” rating in a research note on Saturday, March 21st. Mizuho initiated coverage on shares of PayPay in a research note on Monday. They issued an “outperform” rating and a $26.00 target price on the stock. Cantor Fitzgerald initiated coverage on shares of PayPay in a research note on Monday. They issued an “overweight” rating and a $25.00 target price on the stock. Jefferies Financial Group initiated coverage on shares of PayPay in a research note on Monday. They issued a “buy” rating and a $28.00 target price on the stock. Finally, Morgan Stanley initiated coverage on shares of PayPay in a research note on Monday. They issued an “equal weight” rating and a $24.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $25.80.

PayPay Trading Up 6.7%

Shares of NASDAQ PAYP opened at $20.10 on Monday. PayPay has a 52-week low of $17.00 and a 52-week high of $24.89.

PayPay (NASDAQ:PAYP) last announced its quarterly earnings data on Thursday, February 12th. The fintech company reported $0.18 earnings per share (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: Benchmark initiated coverage with a “buy” rating and a $31 price target — one of the most bullish takes among brokers. Benchmark Initiates Coverage on PayPay
• Positive Sentiment: Jefferies initiated coverage with a “buy” rating and ~$28 price target, adding to buy-side momentum. Jefferies Initiates Coverage on PayPay
• Positive Sentiment: Wolfe Research started coverage with an “outperform” call and a $26 target, supporting the bullish consensus. Wolfe Research Initiates Coverage on PayPay
• Positive Sentiment: Mizuho began coverage with an “outperform” rating and a $26 target, citing Japan’s cashless opportunity. Mizuho Begins Coverage on PayPay
• Positive Sentiment: Cantor Fitzgerald initiated with an “overweight” rating and a $25 target, another institutional vote of confidence. Cantor Fitzgerald Initiates Coverage on PayPay
• Positive Sentiment: Goldman Sachs published a new “buy” rating with a $29 target — a high-profile bullish call that likely moved sentiment. Goldman Sachs Buy Call (coverage)
• Positive Sentiment: Bank of America and other brokers also published buy ratings (examples: $26 targets), reinforcing demand among institutional investors. Bank of America Coverage Note
• Neutral Sentiment: Morgan Stanley initiated coverage with an “equal weight” rating and a $24 price target — constructive but less aggressively bullish. Morgan Stanley Initiates Coverage on PayPay
• Neutral Sentiment: Citigroup started coverage with a “neutral” rating and a $23 target, a middle-ground view amid the mixed target range. PayPay Coverage Initiated at Citigroup
• Neutral Sentiment: Coverage pieces and news rundowns (AAII, Investing.com, MSN) explain the price move and highlight analysts’ multi-year earnings growth expectations for PayPay. Why PayPay’s Stock Is Up
• Negative Sentiment: Deutsche Bank began coverage with a “hold” rating and a $20 target — the most conservative call and the only target near/below current levels, which could cap upside. Deutsche Bank Begins Coverage on PayPay

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.