PayPay (NASDAQ:PAYP – Get Free Report) released its quarterly earnings results on Friday. The fintech company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.15 by $0.02, FiscalAI reports. The business had revenue of $675.02 million during the quarter.
PayPay Trading Down 6.0%
Shares of PAYP opened at $15.13 on Friday. The company’s 50 day moving average price is $15.44. PayPay has a one year low of $12.07 and a one year high of $24.89. The firm has a market capitalization of $10.24 billion and a P/E ratio of 116.38.
Analysts Set New Price Targets
PAYP has been the subject of a number of recent research reports. Morgan Stanley raised shares of PayPay from an “equal weight” rating to an “overweight” rating and cut their price objective for the company from $24.00 to $23.00 in a report on Thursday, July 23rd. Weiss Ratings raised shares of PayPay from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, July 15th. Bank of America assumed coverage on shares of PayPay in a research report on Monday, April 6th. They issued a “buy” rating and a $26.00 price target for the company. Jefferies Financial Group assumed coverage on PayPay in a research note on Monday, April 6th. They issued a “buy” rating and a $28.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on PayPay in a research report on Monday, April 6th. They set a “hold” rating and a $20.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $25.64.
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.
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