PayPay (NASDAQ:PAYP) Stock Price Down 4.4% – Should You Sell?

PayPay Corporation (NASDAQ:PAYP) shares dropped 4.4% during mid-day trading on Monday . The company traded as low as $20.52 and last traded at $20.6450. Approximately 303,606 shares were traded during mid-day trading, a decline of 89% from the average daily volume of 2,753,598 shares. The stock had previously closed at $21.60.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Cantor Fitzgerald began coverage on shares of PayPay in a research note on Monday, April 6th. They set an “overweight” rating and a $25.00 price objective on the stock. Mizuho started coverage on shares of PayPay in a research note on Monday, April 6th. They issued an “outperform” rating and a $26.00 price target on the stock. The Goldman Sachs Group began coverage on shares of PayPay in a research note on Tuesday, April 7th. They issued a “buy” rating and a $29.00 price target on the stock. Jefferies Financial Group assumed coverage on shares of PayPay in a research report on Monday, April 6th. They set a “buy” rating and a $28.00 price target for the company. Finally, Wall Street Zen upgraded shares of PayPay to a “hold” rating in a research note on Saturday, March 21st. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $25.73.

PayPay Price Performance

PayPay (NASDAQ:PAYP) last released its earnings results on Thursday, February 12th. The fintech company reported $0.18 EPS for the quarter. The firm had revenue of $636.46 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.