PayPay (NASDAQ:PAYP) Releases Earnings Results, Beats Expectations By $0.03 EPS

PayPay (NASDAQ:PAYP) released its quarterly earnings data on Wednesday. The fintech company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.03, Zacks reports. The firm had revenue of $644.33 million during the quarter.

PayPay Stock Up 0.3%

Shares of NASDAQ:PAYP opened at $21.36 on Thursday. PayPay has a one year low of $17.00 and a one year high of $24.89.

Analysts Set New Price Targets

Several analysts have issued reports on PAYP shares. Jefferies Financial Group started coverage on shares of PayPay in a research note on Monday, April 6th. They issued a “buy” rating and a $28.00 target price on the stock. Wall Street Zen upgraded shares of PayPay to a “hold” rating in a research report on Saturday, March 21st. Wolfe Research assumed coverage on PayPay in a research report on Monday, April 6th. They issued an “outperform” rating and a $26.00 price objective on the stock. Morgan Stanley started coverage on PayPay in a research note on Monday, April 6th. They set an “equal weight” rating and a $24.00 price objective for the company. Finally, The Goldman Sachs Group started coverage on PayPay in a research note on Tuesday, April 7th. They issued a “buy” rating and a $29.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $25.73.

PayPay Company Profile

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.