PayPay Corporation (NASDAQ:PAYP) Receives Consensus Rating of "Moderate Buy" from Analysts

Key Points

• Analysts hold a “Moderate Buy” consensus on PayPay, with eight buy ratings, four holds and one strong-buy rating among 13 analysts. The average 12-month price target is $24.91.
• Recent analyst actions were mixed: Mizuho cut its target to $23 while maintaining an outperform rating, and Citigroup lowered its target to $18 with a neutral rating; other firms reiterated or upgraded their views.
• PayPay shares opened at $15.35, with a $10.39 billion market capitalization, while the company’s latest quarterly earnings of $0.17 per share exceeded the $0.15 consensus estimate on revenue of $675.02 million.

Shares of PayPay Corporation (NASDAQ:PAYP - Get Free Report) have received an average recommendation of "Moderate Buy" from the thirteen brokerages that are currently covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $24.9091.

Several research analysts have commented on PAYP shares. Weiss Ratings upgraded shares of PayPay from a "sell (d+)" rating to a "hold (c-)" rating in a report on Wednesday, July 15th. Zacks Research upgraded shares of PayPay to a "hold" rating in a report on Thursday, June 11th. Mizuho decreased their price objective on shares of PayPay from $26.00 to $23.00 and set an "outperform" rating for the company in a research report on Tuesday. Cantor Fitzgerald reiterated an "overweight" rating on shares of PayPay in a research note on Tuesday. Finally, Citigroup dropped their target price on PayPay from $23.00 to $18.00 and set a "neutral" rating on the stock in a report on Monday, August 3rd.

PayPay Stock Down 0.3%

Shares of PAYP opened at $15.35 on Friday. PayPay has a 1 year low of $12.07 and a 1 year high of $24.89. The stock has a market cap of $10.39 billion and a PE ratio of 51.17. The firm has a 50-day moving average of $15.08.

PayPay (NASDAQ:PAYP - Get Free Report) last released its earnings results on Thursday, July 30th. The fintech company reported $0.17 earnings per share for the quarter, topping analysts' consensus estimates of $0.15 by $0.02. The firm had revenue of $675.02 million for the quarter. Research analysts forecast that PayPay will post 0.77 EPS for the current fiscal year.

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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