Wolfe Research started coverage on shares of PayPay (NASDAQ:PAYP – Free Report) in a research note published on Monday, MarketBeat.com reports. The firm issued an outperform rating and a $26.00 price objective on the fintech company’s stock.
A number of other analysts also recently weighed in on the stock. Bank of America started coverage on shares of PayPay in a research report on Monday. They set a “buy” rating and a $26.00 target price for the company. Mizuho started coverage on shares of PayPay in a research report on Monday. They set an “outperform” rating and a $26.00 target price for the company. Morgan Stanley started coverage on shares of PayPay in a research report on Monday. They set an “equal weight” rating and a $24.00 target price for the company. Wall Street Zen raised shares of PayPay to a “hold” rating in a research report on Saturday, March 21st. Finally, Benchmark started coverage on shares of PayPay in a research report on Monday. They set a “buy” rating and a $31.00 target price for the company. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $25.44.
Check Out Our Latest Analysis on PAYP
PayPay Price Performance
PayPay (NASDAQ:PAYP – Get Free Report) last issued its quarterly earnings data on Thursday, February 12th. The fintech company reported $0.18 earnings per share (EPS) for the quarter. The business had revenue of $636.46 million during the quarter.
More PayPay News
Here are the key news stories impacting PayPay this week:
- Positive Sentiment: Jefferies initiated coverage with a “Buy” and $28 price target (~48.6% upside), adding institutional support for growth expectations. Jefferies Coverage TickerReport
- Positive Sentiment: Benchmark started with a “Buy” and a $31 target (~64.5% upside), one of the most aggressive bullish views among new coverage. Benchmark Report
- Positive Sentiment: Bank of America and Wolfe Research both set upbeat views (Buy/Outperform) with $26 targets (~38% upside), reinforcing expectations for multi‑year growth as Japan moves to cashless payments. BofA/Wolfe Coverage
- Positive Sentiment: Cantor Fitzgerald assigned an “Overweight” with a $25 target (~32.7% upside), another vote of confidence in PayPay’s market opportunity.
- Positive Sentiment: Mizuho initiated with an “Outperform” and $26 target (~38% upside), adding to the cluster of mid‑$20s PTs from major banks. Mizuho Coverage TickerReport
- Positive Sentiment: Media/analyst pieces emphasize a long runway: coverage highlights Japan’s cashless push and analyst expectations of outsized earnings growth over the next 5–10 years, supporting a bullish medium‑term thesis. Investing.com: Cashless Opportunity MSN: Outsized Earnings Growth
- Neutral Sentiment: Morgan Stanley started coverage at “Equal Weight” with a $24 target (~27.4% upside), which is cautiously positive but less aggressive than several peers. MS Coverage
- Neutral Sentiment: Citigroup initiated with a “Neutral” and $23 target (~22.1% upside), introducing a tempered view among the new coverage. Citi Coverage
- Neutral Sentiment: Deutsche Bank issued a “Hold” with a $20 target (~6.2% upside), the most cautious of the published targets and a potential drag on near‑term consensus. Deutsche Bank TickerReport
- Negative Sentiment: Despite the predominantly bullish analyst starts, mixed signals (several neutral/hold calls and a range of PTs) and short‑term selling pressure appear to have pushed the stock lower today — investors may be rotating or locking in gains while digesting the differing targets.
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.
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