PayPay (NASDAQ:PAYP) Now Covered by Morgan Stanley

Morgan Stanley began coverage on shares of PayPay (NASDAQ:PAYP) in a research note issued to investors on Monday, MarketBeat.com reports. The brokerage issued an equal weight rating and a $24.00 price target on the fintech company’s stock.

A number of other equities research analysts have also recently weighed in on PAYP. Wall Street Zen raised PayPay to a “hold” rating in a research note on Saturday, March 21st. Benchmark began coverage on PayPay in a research note on Monday. They set a “buy” rating and a $31.00 target price for the company. Finally, Bank of America began coverage on PayPay in a report on Monday. They set a “buy” rating and a $26.00 price target for the company. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, PayPay has a consensus rating of “Moderate Buy” and an average target price of $25.44.

PayPay Stock Performance

PAYP stock opened at $18.84 on Monday. PayPay has a 52-week low of $17.00 and a 52-week high of $24.89.

PayPay (NASDAQ:PAYP) last posted its earnings results 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 for the quarter.

PayPay News Summary

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.

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.