PayPay (NASDAQ:PAYP) Issues Quarterly Earnings Results

PayPay (NASDAQ:PAYP) announced its quarterly earnings results on Wednesday. The fintech company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.10 by $0.03, Zacks reports.

PayPay Price Performance

Shares of NASDAQ PAYP traded up $0.07 during trading on Wednesday, reaching $21.36. 512,756 shares of the stock were exchanged, compared to its average volume of 2,175,215. PayPay has a twelve month low of $17.00 and a twelve month high of $24.89.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. Wolfe Research began coverage on shares of PayPay in a research note on Monday, April 6th. They set an “outperform” rating and a $26.00 price objective for the company. Deutsche Bank Aktiengesellschaft assumed coverage on shares of PayPay in a research report on Monday, April 6th. They set a “hold” rating and a $20.00 target price on the stock. Citigroup assumed coverage on PayPay in a research note on Monday, April 6th. They issued a “neutral” rating and a $23.00 price target on the stock. The Goldman Sachs Group assumed coverage on shares of PayPay in a report on Tuesday, April 7th. They issued a “buy” rating and a $29.00 price target on the stock. Finally, Benchmark initiated coverage on PayPay in a report on Monday, April 6th. They issued a “buy” rating and a $31.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $25.73.

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.