PayPay Corporation (NASDAQ:PAYP) Stock Has Consensus Target Price of $24.45

Key Points

• Analysts maintain a “Moderate Buy” consensus on PayPay, with 8 buy ratings, 1 strong buy, 3 holds and 1 sell among 13 analysts. The average 12-month price target is $24.45, well above the reported trading price of $15.21.
• PayPay reported quarterly EPS of $0.17, beating the $0.15 consensus estimate, while revenue reached $675.02 million. Analysts collectively expect full-year EPS of $0.80.
• The stock was trading down 0.9%, with a $10.30 billion market capitalization and a P/E ratio of 50.70. Institutional interest was mixed, including new positions from BlueCrest Capital and NWF Advisory Services and a 55% stake increase by Robeco.

Shares of PayPay Corporation (NASDAQ:PAYP - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the thirteen analysts that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $24.45.

PAYP has been the topic of a number of analyst reports. Weiss Ratings downgraded PayPay from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Wednesday, August 19th. Mizuho lowered their price target on shares of PayPay from $26.00 to $23.00 and set an "outperform" rating on the stock in a research report on Tuesday, August 4th. Wolfe Research upped their price objective on shares of PayPay from $18.00 to $21.00 and gave the company an "outperform" rating in a report on Tuesday, August 25th. Citigroup cut their price target on shares of PayPay from $23.00 to $18.00 and set a "neutral" rating for the company in a report on Monday, August 3rd. Finally, Morgan Stanley raised shares of PayPay from an "equal weight" rating to an "overweight" rating and reduced their price target for the company from $24.00 to $23.00 in a research report on Thursday, July 23rd.

Institutional Investors Weigh In On PayPay

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlueCrest Capital Management Ltd acquired a new position in shares of PayPay in the 2nd quarter valued at $1,791,000. Robeco Institutional Asset Management B.V. increased its position in shares of PayPay by 55.0% in 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 during the last quarter. Finally, NWF Advisory Services Inc. purchased a new stake in shares of PayPay in the 2nd quarter valued at approximately $211,000.

PayPay Trading Down 0.9%

PAYP opened at $15.21 on Friday. The firm has a market capitalization of $10.30 billion and a PE ratio of 50.70. PayPay has a twelve month low of $12.07 and a twelve month high of $24.89. The firm's 50-day moving average price is $16.04 and its 200 day moving average price is $16.76.

PayPay (NASDAQ:PAYP - Get Free Report) last announced its quarterly earnings data 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 for the quarter. As a group, analysts predict that PayPay will post 0.80 earnings per share for the current fiscal year.

PayPay Company Profile

PayPay is a Japan-based financial technology company that operates a digital payments and financial services platform. Its core offering is a mobile wallet that enables consumers to make cashless payments at participating retailers, restaurants, online merchants and service providers using smartphones and QR codes.

The company's platform also supports person-to-person money transfers, bill payments, loyalty and rewards programs, and related digital financial services. PayPay has expanded its ecosystem through integrations with merchants and other businesses, helping facilitate electronic payments for consumers and companies across Japan.

PayPay was launched in 2018 and was established through a partnership involving SoftBank and the corporate group now known as LY Corporation.

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