Brokerages Set PayPay Corporation (NASDAQ:PAYP) Target Price at $25.73

PayPay Corporation (NASDAQ:PAYP) has received a consensus recommendation of “Moderate Buy” from the thirteen analysts that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $25.7273.

Several research firms have recently commented on PAYP. Cantor Fitzgerald began coverage on shares of PayPay in a report on Monday, April 6th. They issued an “overweight” rating and a $25.00 price target for the company. Bank of America began coverage on shares of PayPay in a report on Monday, April 6th. They issued a “buy” rating and a $26.00 price target for the company. Mizuho began coverage on shares of PayPay in a report on Monday, April 6th. They issued an “outperform” rating and a $26.00 price target for the company. The Goldman Sachs Group began coverage on shares of PayPay in a report on Tuesday, April 7th. They issued a “buy” rating and a $29.00 price target for the company. Finally, Wall Street Zen upgraded shares of PayPay to a “hold” rating in a report on Saturday, March 21st.

PayPay Stock Performance

PayPay stock opened at $14.35 on Friday. The stock has a market cap of $9.59 billion and a PE ratio of 110.38. PayPay has a 1 year low of $12.07 and a 1 year high of $24.89. The firm has a 50-day moving average of $17.86.

PayPay (NASDAQ:PAYP) last posted 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 during the quarter.

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.