PayPay (NASDAQ:PAYP) Coverage Initiated by Analysts at Benchmark

Key Points

• Benchmark initiated coverage with a Buy rating and a $31.00 price target, implying roughly a 47.5% upside from the current share price.
• Analyst consensus is a Moderate Buy (three Buys, one Hold) with a consensus price target of $26.75.
• Shares opened at $21.02 (52‑week range $17.00–$24.89); PayPay last reported $0.18 EPS on $636.46 million in revenue for the quarter.

Equities researchers at Benchmark initiated coverage on shares of PayPay (NASDAQ:PAYP - Get Free Report) in a research report issued on Monday,Benzinga reports. The firm set a "buy" rating and a $31.00 price target on the fintech company's stock. Benchmark's price objective would suggest a potential upside of 47.48% from the stock's current price.

Separately, Wall Street Zen upgraded shares of PayPay to a "hold" rating in a research report on Saturday, March 21st. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, PayPay presently has an average rating of "Moderate Buy" and a consensus price target of $26.75.

PayPay Price Performance

Shares of PAYP opened at $21.02 on Monday. PayPay has a 52 week low of $17.00 and a 52 week high of $24.89.

PayPay (NASDAQ:PAYP - Get Free Report) last released its quarterly earnings data on Thursday, February 12th. The fintech company reported $0.18 earnings per share (EPS) for the quarter. The firm had revenue of $636.46 million for the quarter.

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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