PayPay Corporation (NASDAQ:PAYP) Stock Now Rated "Moderate Buy" by Sell-Side Brokerages

Key Points

• Analysts have a “Moderate Buy” consensus on PayPay, with eight buy ratings, one strong buy, three holds and one sell among 13 brokerages. The average 12-month price target is $24.45.
• PayPay shares opened at $16.51, with a 52-week range of $12.07 to $24.89, an $11.18 billion market capitalization and a P/E ratio of 55.03.
• The company reported quarterly EPS of $0.17, exceeding the $0.15 consensus estimate, on revenue of $675.02 million. Recent analyst actions were mixed, including Mizuho and Morgan Stanley lowering price targets while adjusting ratings upward, and Weiss Ratings downgrading the stock to sell.

Shares of PayPay Corporation (NASDAQ:PAYP - Get Free Report) have earned an average recommendation of "Moderate Buy" from the thirteen brokerages that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, eight have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $24.45.

PAYP has been the subject of several recent analyst reports. Cantor Fitzgerald reaffirmed an "overweight" rating on shares of PayPay in a report on Tuesday, August 4th. Weiss Ratings cut PayPay from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Wednesday, August 19th. Mizuho decreased 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. Morgan Stanley raised PayPay from an "equal weight" rating to an "overweight" rating and lowered their price objective for the company from $24.00 to $23.00 in a research report on Thursday, July 23rd. Finally, Zacks Research upgraded shares of PayPay to a "hold" rating in a research note on Thursday, June 11th.

PayPay Stock Performance

Shares of PayPay stock opened at $16.51 on Monday. PayPay has a 1 year low of $12.07 and a 1 year high of $24.89. The stock has a 50-day simple moving average of $16.05. The company has a market cap of $11.18 billion and a price-to-earnings ratio of 55.03.

PayPay (NASDAQ:PAYP - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The fintech company reported $0.17 EPS for the quarter, topping analysts' consensus estimates of $0.15 by $0.02. The company had revenue of $675.02 million during the quarter. Equities analysts anticipate that PayPay will post 0.8 EPS for the current fiscal year.

Institutional Inflows and Outflows

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

About PayPay

PayPay Corporation is a Japanese financial technology company that operates the PayPay mobile payment platform. Launched in 2018, the service enables consumers to make cashless payments at participating merchants by scanning QR codes or presenting payment codes through a smartphone application.

In addition to in-store payments, PayPay offers online checkout and peer-to-peer money transfers. Its broader ecosystem includes related financial services such as PayPay Card, consumer credit and lending products, investment services, and other digital financial tools, with availability depending on the product and applicable regulations.

PayPay primarily serves consumers and businesses in Japan.

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