PayPay Corporation (NASDAQ:PAYP) Receives $25.73 Average Price Target from Analysts

PayPay Corporation (NASDAQ:PAYP) has been assigned an average recommendation of “Moderate Buy” from the thirteen research firms that are currently covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $25.7273.

Several equities research analysts have commented on PAYP shares. The Goldman Sachs Group started coverage on shares of PayPay in a report on Tuesday, April 7th. They issued a “buy” rating and a $29.00 price target on the stock. JPMorgan Chase & Co. began coverage on PayPay in a report on Wednesday, April 8th. They issued an “overweight” rating and a $25.00 price objective on the stock. Cantor Fitzgerald began coverage on PayPay in a report on Monday, April 6th. They issued an “overweight” rating and a $25.00 price objective on the stock. Bank of America assumed coverage on PayPay in a report on Monday, April 6th. They set a “buy” rating and a $26.00 target price on the stock. Finally, Weiss Ratings upgraded shares of PayPay from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday.

PayPay Stock Performance

PayPay stock opened at $15.63 on Wednesday. The stock has a market capitalization of $10.58 billion and a price-to-earnings ratio of 120.23. The business’s fifty day moving average is $16.24. PayPay has a twelve month low of $12.07 and a twelve month high of $24.89.

PayPay (NASDAQ:PAYP) last posted its quarterly earnings data on Wednesday, May 6th. The fintech company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates 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.