PayPay Corporation (NASDAQ:PAYP) Given Average Recommendation of "Moderate Buy" by Analysts

Key Points

• Analysts give PayPay a consensus “Moderate Buy” rating: Eight analysts recommend buying the stock, one rates it a strong buy, three advise holding, and one recommends selling. The average 12-month price target is $24.45.
• Recent analyst actions were mixed but generally positive, including upgrades from Morgan Stanley and a higher target from Wolfe Research, while Mizuho lowered its target to $23 and Weiss Ratings downgraded the stock to sell.
• PayPay reported quarterly EPS of $0.17, beating the $0.15 consensus estimate, on revenue of $675.02 million. Shares opened at $15.73, with a market capitalization of $10.65 billion and a 52-week range of $12.07 to $24.89.

PayPay Corporation (NASDAQ:PAYP - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the thirteen brokerages that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, eight have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $24.4545.

A number of research analysts recently weighed in on the stock. Mizuho reduced their price objective on shares of PayPay from $26.00 to $23.00 and set an "outperform" rating for the company in a research note on Tuesday, August 4th. Wolfe Research increased their target price on PayPay from $18.00 to $21.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 25th. Weiss Ratings cut PayPay from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Wednesday, August 19th. Morgan Stanley upgraded PayPay from an "equal weight" rating to an "overweight" rating and decreased their price objective for the company from $24.00 to $23.00 in a research note on Thursday, July 23rd. Finally, Cantor Fitzgerald reissued an "overweight" rating on shares of PayPay in a report on Tuesday, August 4th.

PayPay Price Performance

Shares of NASDAQ:PAYP opened at $15.73 on Thursday. The company has a market capitalization of $10.65 billion and a price-to-earnings ratio of 52.43. The stock's 50-day simple moving average is $15.23. PayPay has a twelve month low of $12.07 and a twelve month high of $24.89.

PayPay (NASDAQ:PAYP - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The fintech company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.02. The business had revenue of $675.02 million during the quarter. Sell-side analysts expect that PayPay will post 0.8 EPS for the current year.

Institutional Investors Weigh In On PayPay

A hedge fund recently bought a new position in PayPay stock. NWF Advisory Services Inc. acquired a new stake in PayPay Corporation (NASDAQ:PAYP - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 14,700 shares of the fintech company's stock, valued at approximately $211,000.

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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