Cantor Fitzgerald Issues Pessimistic Forecast for PayPay (NASDAQ:PAYP) Stock Price

Key Points

• Cantor Fitzgerald cut its PayPay price target from $25 to $21 but maintained an “overweight” rating; the new target implies 40.85% upside from the prior close.
• Analyst views are mixed: PayPay has a “Moderate Buy” consensus rating and a $24 average price target, though one brokerage rates it “Sell.”
• PayPay reported quarterly EPS of $0.16, below the $0.19 consensus estimate, on revenue of $749.66 million.

PayPay (NASDAQ:PAYP - Get Free Report) had its target price reduced by stock analysts at Cantor Fitzgerald from $25.00 to $21.00 in a report issued on Monday, Benzinga reports. The firm currently has an "overweight" rating on the fintech company's stock. Cantor Fitzgerald's price target suggests a potential upside of 40.85% from the stock's previous close.

A number of other brokerages have also issued reports on PAYP. Weiss Ratings lowered shares of PayPay from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Wednesday, August 19th. Citigroup dropped their price target on shares of PayPay from $18.00 to $17.00 and set a "neutral" rating on the stock in a research note on Thursday. Mizuho cut their price objective on PayPay from $26.00 to $23.00 and set an "outperform" rating for the company in a report on Tuesday, August 4th. Wolfe Research increased their price objective on PayPay from $18.00 to $21.00 and gave the stock an "outperform" rating in a report on Tuesday, August 25th. Finally, Morgan Stanley raised PayPay from an "equal weight" rating to an "overweight" rating and reduced their price objective for the company from $24.00 to $23.00 in a research report on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $24.00.

PayPay Stock Performance

PAYP stock opened at $14.91 on Monday. The stock has a market cap of $10.09 billion and a P/E ratio of 49.70. The firm has a 50 day simple moving average of $15.89 and a 200 day simple moving average of $17.04. PayPay has a 52 week low of $12.07 and a 52 week high of $24.89.

PayPay (NASDAQ:PAYP - Get Free Report) last released its quarterly earnings data on Tuesday, November 3rd. The fintech company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.03). The company had revenue of $749.66 million during the quarter. PayPay had a net margin of 15.75% and a return on equity of 16.34%. Sell-side analysts predict that PayPay will post 0.78 EPS for the current year.

Institutional Trading of PayPay

Institutional investors have recently added to or reduced their stakes in the business. Alphabet Inc. bought a new stake in PayPay in the third quarter worth approximately $49,062,000. Center for Financial Planning Inc. acquired a new position in shares of PayPay during the 3rd quarter worth $103,000. Robeco Institutional Asset Management B.V. raised its holdings in shares of PayPay by 55.0% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 155,000 shares of the fintech company's stock valued at $2,434,000 after purchasing an additional 55,000 shares in the last quarter. BlueCrest Capital Management Ltd bought a new position in shares of PayPay during the 2nd quarter valued at $1,791,000. Finally, NWF Advisory Services Inc. acquired a new stake in shares of PayPay in the 2nd quarter valued at $211,000.

PayPay Company Profile

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