Zacks Research Upgrades PayPay (NASDAQ:PAYP) to Hold

PayPay (NASDAQ:PAYP) was upgraded by research analysts at Zacks Research to a “hold” rating in a report released on Thursday,Zacks.com reports.

Several other analysts have also recently commented on PAYP. Wall Street Zen upgraded PayPay to a “hold” rating in a research report on Saturday, March 21st. Cantor Fitzgerald assumed coverage on PayPay in a research report on Monday, April 6th. They set an “overweight” rating and a $25.00 price target for the company. Jefferies Financial Group assumed coverage on PayPay in a research report on Monday, April 6th. They set a “buy” rating and a $28.00 price target for the company. Wolfe Research assumed coverage on PayPay in a research report on Monday, April 6th. They set an “outperform” rating and a $26.00 price target for the company. Finally, The Goldman Sachs Group assumed coverage on PayPay in a research report on Tuesday, April 7th. They set a “buy” rating and a $29.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, PayPay presently has a consensus rating of “Moderate Buy” and a consensus price target of $25.73.

PayPay Price Performance

PayPay stock opened at $14.15 on Thursday. PayPay has a 12 month low of $13.40 and a 12 month high of $24.89. The firm has a 50 day simple moving average of $19.28.

PayPay (NASDAQ:PAYP) last issued its quarterly earnings results on Wednesday, May 6th. The fintech company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.10 by $0.03. The firm had revenue of $644.33 million for the quarter.

About PayPay

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.