Zacks Research Upgrades PayPay (NASDAQ:PAYP) to Hold

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

Several other brokerages have also commented on PAYP. Weiss Ratings began coverage on PayPay in a research note on Wednesday, June 3rd. They issued a “sell (d+)” rating on the stock. Benchmark began coverage on PayPay in a research report on Monday, April 6th. They set a “buy” rating and a $31.00 price objective for the company. Wall Street Zen raised PayPay to a “hold” rating in a research report on Saturday, March 21st. Morgan Stanley began coverage on PayPay in a research report on Monday, April 6th. They set an “equal weight” rating and a $24.00 price objective for the company. Finally, Citigroup began coverage on PayPay in a research report on Monday, April 6th. They set a “neutral” rating and a $23.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, PayPay presently has a consensus rating of “Moderate Buy” and an average price target of $25.73.

PayPay Trading Down 1.4%

NASDAQ PAYP opened at $14.15 on Thursday. The stock’s fifty day moving average is $19.28. PayPay has a fifty-two week low of $13.40 and a fifty-two week high of $24.89.

PayPay (NASDAQ:PAYP) last released its quarterly earnings data on Wednesday, May 6th. The fintech company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.03. The company had revenue of $644.33 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.